Restructuring and Turnaround Finance (AF-066) Training Course

Restructuring and Turnaround Finance

When a business faces falling sales, mounting losses or a liquidity crisis, the decisions taken in the first weeks often determine whether it recovers or fails. Finance…

5 daysClassroom or online

49Upcoming dates

12Cities

£2,250Fees from

Course overview

Introduction

When a business faces falling sales, mounting losses or a liquidity crisis, the decisions taken in the first weeks often determine whether it recovers or fails. Finance professionals are at the centre of these situations, responsible for understanding the true financial position, protecting cash and supporting negotiations with lenders and other stakeholders.

This Restructuring and Turnaround Finance training course provides a practical framework for diagnosing financial distress, stabilising liquidity and developing a credible turnaround plan. Participants learn to build short-term cash flow forecasts, assess viability, evaluate operational and financial restructuring options and understand the role of creditors, investors and insolvency procedures.

The course draws on case studies of successful and unsuccessful turnarounds to highlight the leadership, communication and governance challenges that accompany financial recovery.

Course Objectives

By the end of this training course, participants will be able to:

Recognise the early warning signs and root causes of corporate financial distress
Build and manage a thirteen-week cash flow forecast
Implement immediate liquidity protection and cash generation measures
Assess business viability and develop a turnaround plan
Evaluate operational restructuring options and their financial impact
Understand debt restructuring, refinancing and new money options
Engage lenders, suppliers, employees and shareholders during restructuring
Understand the role of formal insolvency and restructuring procedures

Target Audience

This training course is suitable for a wide range of professionals, including:

Finance directors and financial controllers
Treasury and cash management professionals
Corporate finance and restructuring advisors
Bank workout and recovery officers
Investors and board members
General managers of underperforming businesses
Accountants and auditors working with distressed companies

Training Methodology

The course uses a progressive turnaround simulation in which participants take charge of a distressed company. They analyse its financial position, build a thirteen-week cash flow, design stabilisation actions, develop a restructuring plan and negotiate with stakeholders, supported by short expert briefings and real-world case studies.

Target Competencies

Financial distress diagnosis
Short-term cash forecasting
Liquidity management
Turnaround planning
Debt restructuring awareness
Stakeholder negotiation

Course outline

1Day One: Diagnosing Financial Distress

Stages of Decline: From underperformance to crisis
Root Causes: Strategy, operations, financial structure and management
Early Warning Indicators: Financial and non-financial signals
Rapid Financial Assessment: Profitability, liquidity and solvency review
Directors' Duties in Distress: Governance and legal responsibilities
Stakeholder Mapping: Lenders, suppliers, employees, customers and shareholders
Case Study: Diagnosing a company in early financial distress

2Day Two: Cash Is King: Stabilisation

The Thirteen-Week Cash Flow Forecast: Structure and assumptions
Cash Control: Payment committees and approval of all outflows
Working Capital Release: Receivables, inventory and payables actions
Non-Core Asset Disposals: Raising cash quickly and responsibly
Stopping Losses: Exiting unprofitable products, contracts and sites
Communicating During Stabilisation: Maintaining confidence
Practical Exercise: Building a thirteen-week cash flow and stabilisation plan

3Day Three: Viability and the Turnaround Plan

Assessing Viability: Is there a sustainable core business?
Strategic Options: Fix, sell, merge or close
Operational Restructuring: Cost, footprint, portfolio and organisation changes
Building the Business Plan: Credible forecasts and sensitivities
Funding Requirements: Quantifying the gap
Independent Business Reviews: What lenders expect to see
Workshop: Developing the turnaround plan for the case company

4Day Four: Financial Restructuring

Capital Structure Review: Sustainable debt levels
Debt Restructuring Tools: Standstills, reschedules, write-downs and conversions
New Money: Rescue finance, equity injections and asset-based lending
Creditor Dynamics: Priorities, security and inter-creditor issues
Formal Procedures: Overview of rescue and insolvency processes
Valuation in Restructuring: Going concern and liquidation values
Negotiation Simulation: Agreeing a standstill and restructuring term sheet

5Day Five: Leading the Recovery

Turnaround Leadership: Speed, decisiveness and credibility
Managing People Through Restructuring: Communication and retention
Programme Management: Tracking turnaround initiatives
Rebuilding Financial Controls and Reporting
Restoring Growth: Moving from survival to sustainable performance
Lessons from Turnarounds: Success factors and common mistakes
Final Presentation: Turnaround and financing plan to the board and lenders

Frequently asked questions

How long is the Restructuring and Turnaround Finance course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Restructuring and Turnaround Finance course?

The next public date is 7 - 11 Dec 2026 in Frankfurt. There are 49 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Frankfurt, London, Barcelona, Rome, Vienna, Amsterdam, Cape Town, Dubai, Istanbul, Kuala Lumpur, Munich, Paris.

Can I take Restructuring and Turnaround Finance online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,050 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Restructuring and Turnaround Finance

Course overview

Introduction

Course Objectives

Target Audience

Training Methodology

Target Competencies

Course outline

Dates and fees

Frequently asked questions

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