If, however, it appears that a company is sliding towards insolvency, its directors and advisers will benefit from a clear understanding of the options available for companies in financial distress so that appropriate action can be taken while there is still time to make a difference.
Course Notes, Slides and Exercises
Participants will receive a booklet containing copies of 20 slides and 68 pages of very comprehensive notes. Each slide will cover a number of related topics and the accompanying notes will support the content of the course to be delivered by the trainer.
During the course of the day, participants will undertake one or two exercises (problems) in groups of two or three (depending on the size of the class) which will involve considering what advice should be given to a client in particular circumstances. Participants will discuss the exercise with each other and then with the trainer and will receive a written answer to the problem.
You are asked to advise on the restructuring of a conglomerate in order to resolve its short term problems and to develop a longer term strategy. The group consists of four subsidiaries which are in the road haulage, parcel delivery, global positioning and property businesses.
Before finalising the proposal, you are asked to suggest suitable arrangements to: (i) extract an estate agency business from the group; (ii) satisfy the dividend demands of minority shareholders; and (iii) resolve a pollution problem.