Corporate Turnaround
When your business faces difficulties, every decision counts. Who will secure your future?
Corporate turnaround is one of the most demanding challenges in the business world. It requires not only legal and business expertise, but also strategic sensitivity. With our professional turnaround consulting services, we guide you through every phase of the corporate turnaround process. We support you from analysis and restructuring all the way through to the implementation of sustainable solutions.
Turnaround Consulting: Identifying the right measures and applying them together
Most companies experience periods of crisis during their “lifetime.” Liquidity problems, declining revenue, or structural market changes can affect any company. In such situations, many business owners feel helpless and overwhelmed. However, early turnaround before insolvency can be crucial to ensuring the company’s continued existence.
Just as in personal life, talking to a partner who can assess the crisis and identify solutions is also helpful in a business context. After all, a turnaround is not a static process. It requires a deep understanding of organizational and financial structures, as well as flexibility in crisis management.
We see ourselves as your trusted partner during times of crisis. Our management consultants take the pressure off you in areas that feel overwhelming, allowing you to focus on what matters most: restoring your company’s long-term profitability.
What is a corporate turnaround?
A corporate turnaround plan provides a detailed description of how a company’s financial stability can be achieved. At its core is a structured turnaround plan that outlines the structure, process, and organization of the turnaround measures. It serves as a guide for management, banks, and investors.
As part of corporate turnaround, all measures taken to restore profitability and to communicate with stakeholders must be transparently documented. These include, in particular:
- sound liquidity planning
- internal and external communication processes
- operational measures to improve efficiency
- involvement of employees, banks, and other partners
- strukturierte Umsetzung aller Sanierungsmaßnahmen
Why is corporate turnaround so important?
Liquidity problems, declining revenue, or structural market changes can affect any business. Timely corporate turnaround in the event of insolvency or targeted restructuring in cases of excessive debt can prevent bankruptcy and safeguard jobs and business assets. We help you take the right steps before it’s too late.
structured implementation of all turnaround measures
In addition to stabilizing the financial situation, sustainable corporate turnaround can also improve internal processes and boost efficiency. Responsibilities and decision-making processes become clearer, which facilitates collaboration and makes it easier to onboard new employees. Existing operational risks become apparent and can be specifically addressed and reduced.
In the long term, a successful turnaround builds the trust of banks and investors, as it provides clear documentation of your company’s financial structure. It also strengthens your position in the event of a planned sale, as potential buyers benefit from a transparent and stable corporate structure.
What services does ECOVIS DÖHMEN CONSULTING offer in the context of turnaround consulting?
We provide comprehensive turnaround consulting services—ranging from preventive turnaround prior to insolvency to corporate turnaround in the event of insolvency.
Support prior to the obligation to file for bankruptcy, including
- Insolvency Assessments in Accordance with IDW S11
- Development of turnaround plans in accordance with IDW S6
- Operational implementation of turnaround measures
- Bank and stakeholder reporting
- Negotiation of (turnaround) collective agreements
- Crisis communication
- Management of turnaround measures
- Assuming operational management responsibilities (e.g., purchasing)
- Provision of the CRO (Chief Restructuring Officer), including in self-administered proceedings
Our insolvency administrator services:
- Liquidity planning (“13-week plan”)
- Going-concern planning
- Intergrated business planning
- Cash Management for Accounts Receivable and Accounts Payable
