When facing significant financial challenges due to disruptions in the economy and rapidly-changing business models, decisive action is critical to optimize operations and reposition the business for a stronger future. However, it is often difficult to accurately identify key drivers of under-performance. P&N helps companies evaluate both internal and external alternatives that can successfully reposition operations and strengthen financial performance.

Turnaround and Restructuring

P&N’s experienced turnaround and restructuring team can help your organization preserve and enhance shareholder value, optimize financial resources, and develop options for a clearer path forward. Working side-by-side with management, P&N can assist you with navigating alternative strategies to help your company quickly implement a sustainable turnaround and restructuring plan.

P&N provides the following turnaround and restructuring services:

• Short-term cash flow and financial forecasting
• Liquidity management to optimize resources
• Working capital and profitability analysis
• Financial analysis of vendor contracts and lease obligations
• Business valuation and transaction advisory
• Distressed M&A transaction advisory
• Divestiture and carve-out accounting services
• Interim CFO and Controller services
• Tax advisory services
• Control and risk advisory services
• Outsourced financial analyst & accounting staff

Bankruptcy and Reorganization

In the bankruptcy and insolvency administration process, experience and knowledge are critical in distributing the highest value to stakeholders. P&N provides project management, financial advisory, and accounting services to assist clients with the significant reporting requirements. Our experienced team oversees productive cross-stakeholder communication, organizes entity-specific documentation, and establishes an efficient framework to meet the reporting requirements of the Bankruptcy Courts. We develop adaptable processes, allowing for responsiveness to company and counsel needs that arise.

P&N can also serve as financial advisor in advance of, during, and after bankruptcy, helping our clients understand accounting and debt-related considerations.

P&N provides the following bankruptcy and reorganization services:

• Pre-filing planning and case administration
• Preparation of voluntary petitions and “First Day” motions
• Accounts payable cutoff procedures
• Preparation of Statement of Financial Affairs (SOFA)
• Preparation of Summary of Assets and Liabilities (SOAL)
• Claim priority and liquidation waterfall analysis
• Preferential payment analysis
• Incremental Bankruptcy Court financial reporting requirements
• Adoption of ASC 852, Reorganizations accounting advisory
• Fresh start accounting advisory and valuation services
• 409A Valuations of equity-based compensation