As the stakeholder landscape evolves in a crisis, the key is for management to build trust and confidence with its relevant stakeholders by ensuring that their interests are managed appropriately. It is also imperative for the affairs of the business to be stabilised before a strategy can be implemented to maximise recovery.
If parts of the business are approaching a crisis, you need to ask how you are managing the situation to stay in control. What will happen with the business or subsidiaries in question - should they be sold, closed, restructured or be part of an insolvency proceeding?
There are various options available to management to carve out ailing parts of the business. The costs and risks of all options should be considered carefully before making an informed decision on the best solution and ensuring that it is implemented properly.
Stabilisation stewardship to preserve value
Take control, regularise the affairs of the company and ensure continuous engagement with relevant stakeholders.
Maximise recovery options
Develop strategies/ options available to maintain business continuity based on the tools available under the Companies Act 2016 (i.e. Corporate Rescue Mechanisms, Receiverships and Liquidations).
Execute recovery
Execute your recovery strategy, including formulating and implementing an asset recovery strategy to trace and recover assets that could have been subject to misappropriation.
In carrying out responsibilities as a court appointed liquidator, we help distressed companies wind down the business and sell off the company's assets for eventual distribution to creditors. We also help companies wind down their affairs by way of voluntary liquidation.
Ganesh Gunaratnam and Punya Mittal, Deals Director and Senior Manager for Business Restructuring Services respectively, discuss the need to look at operational restructuring, particularly the visibility and availability of data, in addition to financial restructuring in times of crisis.
Working capital management - PwC Malaysia’s 2022 Working Capital Study
Building trust with stakeholders, typically creditors, is key to successful restructuring, writes Lee Chui Sum, Deals Partner and Joshua Jeyaraj, Deals Senior Manager, PwC Malaysia.
PwC Malaysia’s 2021 Working Capital Study
Businesses that focus on cash flow during buoyant times are better placed to withstand downturns, shares Victor Saw, Deals Leader and Ganesh Gunaratnam, Deals Director, PwC Malaysia.
Victor Saw, PwC Malaysia’s Deals Leader, discusses disruptions faced by business owners amidst the current economic climate and how they can take that bold step towards recovery.
In the face of the COVID-19 pandemic, our study shares key insights on how Malaysian companies can stay afloat and strive through the global pandemic and beyond through sustainable cash conservation measures.
How a 13 week dynamic Short Term Cash Flow Forecast (“STCF”) can help companies manage liquidity during these uncertain times
Optimising Working Capital for Growth. 2019 Malaysia Working Capital Study. Against the backdrop of the Malaysian economy facing many challenges amidst rising cost of doing business; optimising cash is still key to maintain a steady course in these uncertain times. Possessing the ability to turn sales into cash faster...
The Supply Chain Finance Barometer is the result of a joint research by PwC and the Supply Chain Finance Community. This report provides insight in the current position, development, and successes of SCF as well as the main drivers and the success factors and bottlenecks of SCF programs.
Based on PwC’s annual global cross-industry study of working capital – ‘Pressure in the system’, this study takes a deeper look at the cash opportunity tied up in working capital in manufacturing companies.
Trust in Resilience
Mergers & Acquisitions
Value Creation
Economics, Policy and Infrastructure Capital
Deals Partner, Business Restructuring Services, PwC Malaysia
Tel: +60 (3) 2173 1677
Suren Seelan
Deals Partner, Business Restructuring Services, PwC Malaysia
Tel: +60 (3) 2173 1373
Weng Fai Chan
Deals Partner, Business Restructuring Services, PwC Malaysia
Tel: +6 (03) 2173 1827
Dennadict Chang
Deals Director, Business Restructuring Services, PwC Malaysia
Tel: +60 (12) 289 7004
Fiona Foong
Deals Director, Business Restructuring Services, PwC Malaysia
Tel: +60 (3) 2173 3750
