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      KPMG assists in times of financial and operational stress

      When it is no longer business as usual, stressed companies must act quickly and decisively to avoid crisis.

      Many businesses can suffer cash flow and profitability issues. CEOs, management, finance professionals and lenders need to take heed of the signs of financial stress and operational underperformance and take prompt and effective action.

      Early intervention is essential if underperforming businesses are to avoid the risk of severe damage to their operations and reputations. This requires professional advice to help navigate the right strategy to preserve and enhance value.

      Our objective is to assist management to work through episodes of significant financial and operational stress without having to resort to formal insolvency arrangements.



      Our services

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      Independent business reviews

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      Performance improvement

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      Lender assistance

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      Business restructuring and planning

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      Shareholder management and negotiation

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      Distressed financing and refinancing

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      Cash and working capital strategy

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      Exit planning and implementation

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      Cost reduction

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      Asset divestment

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      Debtor, creditor or court-driven formal insolvency processes

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      Learn how our Turnaround & Restructuring services can help your business.



      In today's rapidly changing environment, every company faces challenges and adversities. A step in the wrong direction and a delay in addressing immediate liquidity crisis can have significant effects on corporate performance and company value.

      Whether you are dealing with a liquidity crisis or transforming your business to respond to long-term market disruptions, you need an advisor that understands how to get you where you want to be, navigate liquidity and who understands the different financial opportunities for your organisation in your particular market. Most importantly, you need an advisor that strives to go beyond the ‘deal’ or ‘report’ to give your decision-makers the ideas, strategies and execution capabilities that can enable you to turn your adversity into opportunity.

      By choosing KPMG to guide you through your crisis or transformation, you are choosing to accelerate your time to resolution, and tap into deep industry, sectoral experience and an established global network of over 1,200 professionals.

      Don’t wait for disruption to become a crisis. Let’s get you back to driving growth.

      When a company faces operational or financial challenges, speed is of essence. We provide a seamless approach to stabilising underperforming companies by identifying opportunities for strategic, operational, organisational and financial change, and executing on them to achieve real results. We help establish solid ground for a turnaround by assessing your liquidity position and creating a stakeholder management plan.

      We will guide you through each phase of the turnaround process — from establishing an early plan of action that clearly explains what needs to happen when, to developing a turnaround plan that balances the different priorities of all stakeholders, all the way through to execution and value realisation.

      As we drive a rapid turnaround to meet stakeholder objectives, we focus on the key questions that will help you create a leaner, more flexible and far more competitive company.

      Options identification: How can I quickly and effectively assess all my options?

      Stabilisation: How can I stabilise the business and assess its financial position?

      Transformation strategy: What financial impact might I realise with the various options?

      Execution: How can I execute my turnaround plan?

      Value realisation: How can I make sure my plan delivers value?

      How we can help

      • Asset divestment
      • Board-level and specialist advisory
      • Crisis cash management and working capital management (cash tech)
      • Rapid cost reduction
      • Rapid assessment of options
      • Strategy-to-execution business improvement
      • Treasury services
      • Turnaround planning and execution

      In distressed situations, stakeholders (debtors and lenders) want to protect their position and provide a stable platform to the company. Our professionals are forward-looking specialists who combine strategic financial advice and deep sector knowledge with the foresight that comes from experience. We help you create an action plan for the pre- and post-financial restructuring process, along with contingency plans. We also provide strategic financial advice for fast decision-making and assessing short-term liquidity requirements, and consider actions to quickly preserve value.

      Our integrated team of specialists help solve complex problems or implement improvements, while helping you focus on the key questions that will strengthen your financial performance. 

      Appraisal and stabilisation: Do I have enough liquidity to keep operating?

      Options assessment: Do I know what has gone wrong and how to fix it?

      Intra-stakeholder negotiations: How do I keep everyone engaged in negotiations?

      Development of options: What sustainable capital structure offers the best prospect of success?

      Implementation: How can I reconcile all stakeholder positions to implement the new capital structure?

      Ongoing monitoring: How do I ensure that the business is supported through its recovery?

      How we can help

      • Advice at individual credit and loan portfolio level
      • Analysis of options for restructuring debt
      • Business reviews
      • Distressed financing and refinancing (distressed M&A)
      • Lender assistance
      • Negotiation, deal structuring and implementation support
      • Shareholder management and negotiation 

      When a company is in distress, the management team faces many competing challenges. We can help you assess the situation and, if necessary, assist you with developing a practical insolvency plan. Working with you and your stakeholders, we help you identify the path that will maximise available value. We help you assess the impact and risks of various options, identify the right filing jurisdiction and prepare a detailed insolvency plan that optimises stakeholder positions.

      Our integrated team of specialists helps you focus on the key questions through the development, implementation and completion of an insolvency.

      Distressed corporates: How serious is the problem?

      Insolvency planning: What are my options?

      Commencing insolvency: What needs to happen when my company is in a formal protection process?

      Implementation: How do I maximise value?

      Exiting a formal process: How does my company get back to normal?

      How we can help

      • Contingency planning
      • Formal appointments (i.e. liquidators, receivers and managers, judicial managers, scheme managers)
      • Tactical use of insolvency procedures
      • Value recovery through insolvency

      In complex businesses, it can be challenging to see where opportunities exist to release cash from working capital. Understanding where the opportunities sit and unlocking that value can bring countless benefits, from better cash flow to more funds for debt reduction or investment.

      KPMG's Working Capital Advisory brings a fresh perspective to help organisations find and release cash and working capital within their business.

      We look at people, processes, systems and culture to ensure that no stone is left unturned in order to find and unlock cash and working capital value. We take a hypothesis-driven approach which combines data intensive analytics with targeted discussions to identify and validate opportunities.

      KPMG’s Working Capital Advisory seeks value across the full breadth of a business including Order to Cash, Forecast to Fulfil and Purchase to Pay working capital cycles.

      How we can help

      KPMG’s Working Capital Advisory practice helps a wide variety of corporations and private equity clients to rapidly identify and deliver quick wins and sustainable working capital improvement. Our services include:

      • Rapid cash and working capital improvement diagnostics that enable us to quickly identify sources of upside and the steps needed to achieve this value
      • Implementation support to help our clients define, develop and implement practical changes to their business
      • Working capital improvement through end-to-end project management
      • A suite of digital tools which can help our clients proactively identify and address working capital issues

      Our working capital advisers are highly skilled, specialised professionals. We partner with clients to drive fast and tangible value, often working shoulder to shoulder with their team.

      We draw on the support of KPMG's vast array of dedicated subject matter experts and also tap into our KPMG global working capital advisory network to gain perspectives on strategies that are working in other industries, and align with the latest thinking on global best practice.



      KPMG Turnaround & Restructuring Hub

      Businesses need support when times are tough.

      Keeping up to date with industry news and regulatory updates can help you read the signs of financial stress and operational underperformance.

      KPMG Turnaround & Restructuring Hub can help you understand how industry developments and policy changes are impacting the turnaround and restructuring market in Australia and overseas.



      Creditors Central Portal

      Information for creditors and shareholders of companies involved in restructuring and insolvency matters.

      Creditor Portal

      The Creditors Central Portal is an online platform designed specifically for creditors of companies undergoing insolvency administration, managed by the KPMG in Singapore Insolvency Practitioners. The portal streamlines the claims process by enabling creditors to submit and manage their Proof of Debt, communicate directly with Insolvency Practitioners, and receive real-time updates on the status of their claims and the insolvency proceedings.



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      Related services

      KPMG’s Working Capital Advisory team helps CFOs and finance teams rapidly identify, release and sustain more cash flow from their business.

      KPMG’s Corporate Finance team acts as your lead adviser to help you execute your M&A strategy and capture value at every stage of the transaction.

      KPMG’s Debt Advisory team helps you analyse, structure and execute across the spectrum of debt products.


      Our people

      Toh Ai Ling

      Partner, Head of Turnaround and Restructuring

      KPMG in Singapore

      Adrian Chan

      Partner, Turnaround and Restructuring, Deal Advisory

      KPMG in Singapore

      Tan Yen Chiaw

      Partner, Turnaround and Restructuring, Deal Advisory

      KPMG in Singapore



      Bold vision. Lasting value.

      KPMG’s Deal Advisory team helps you navigate complexity to unlock value and deliver outstanding outcomes across every deal.

      Deal Advisory