What is restructuring?

Restructuring is a process that aims to ensure that companies and groups are profitable and have a healthy cash flow. Very broadly, it can take two forms: financial restructuring (where a company looks to restructure the debts it owes to its creditors) and operational restructuring (where the company looks to change the way a company is structured, or how it works).

Unlike corporate insolvency procedures, a licence is not needed to provide restructuring advice, but advisors are likely to have many years' experience and have a professional background in law, accountancy or insolvency.