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Preparing for a range of outcomes is a vital part of any successful restructuring plan. That is why at BTG Advisory we always have a ‘Plan B’. Directors should never take for granted the success of a preferred plan and always be agile to pivot to a contingency strategy when necessary.

Contingency planning improves the chance of continuing business success by providing a clear course of action when events unfold differently than first expected. This also helps to reinforce all stakeholders’ confidence in directors’ forward-thinking planning. A credible Plan B can also prove vital to preserve an ongoing consensual restructuring. More broadly, contingency planning can guard against potentially disastrous situations – such as the death of a key member of staff, a cyberattack, destruction of a key asset (e.g. premises), or general mismanagement. However, it can also be used to maximise the potential of unexpectedly positive scenarios, like a sudden influx of orders or rapid company growth. In both cases, having a contingency plan in place allows companies to proactively manage significant business change, rather than reactively trying to make the best of a new situation.

At BTG Advisory, our contingency planning covers the full range of business sectors and circumstances. It includes schemes of arrangement, allowing for companies to be restructured without formal insolvency proceedings; recovering and protecting shareholder value and protecting jobs; accelerated M&As to maximise the value of an exit from a business; decline curve planning to ensure business actions happen at the right point in the trading cycle; and raising fresh equity for growth, where we work through the pros and cons of available options for raising capital.

We have led numerous prominent UK restructuring cases across a diverse range of sectors, which exemplify the value of robust contingency planning. Review the case study below. 

Most importantly, we take an individual approach to specific circumstances and challenges  – every contingency plan we create is entirely bespoke.

Deal Success

The team at BTG Advisory worked closely with the Board, acting swiftly to implement the successful accelerated sales process

retail turnover rent covid Retailer
Successful sale of nationwide retailer

How we helped:

  • Undertook a review of the internally driven management restructuring plan and explored potential refinancing options
  • Successful sales resulted in 18 stores preserved and jobs saved nationwide
  • Rapid implementation of the accelerated sale process
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The team utilised their extensive restructuring expertise– advising on contingency planning and restructuring options to secure a successful outcome for the business

People walking Building 4
Restructuring of facilities management group

How we helped:

  • Worked with management team to review and manage cash flow, including long-term cash flow modelling
  • Provided debt advisory services to raise a ABL facility to support the group
  • The restructure saved jobs and increased projected revenue
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We see BTG Advisory as partners, not just advisers. They worked closely with our Management team to explore all options

Charts image Cinema image
Successful restructure of national cinema group

How we helped:

  • Prepared marketing material which resulted in numerous offers from PE/special situation houses
  • Supported management in extending the cash runway from 1 month to 4 months
  • Assisted in complex bank negotiations that resulted in the release of additional funds
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The team at BTG Advisory has unrivalled knowledge of the healthcare sector, which was demonstrated throughout this assignment

People in meeting Care home
Contingency planning for top ten care operator

How we helped:

  • Appointed to provide contingency planning advice
  • Successfully utilised healthcare industry knowledge
  • Prepared cash flow forecasts to demonstrate funding requirements
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