Restructuring

If your company faces a crisis, decisive action will determine its survival. Who can set the course for successful restructuring?

As experts in restructuring consulting, we take a holistic approach to consulting that is based on trust, reliability, and professionalism. With over 20 years of experience in corporate restructuring and turnaround management, we have a deep understanding of complex corporate structures in crisis. We apply this expertise to your advantage.

Using our specialist knowledge and analytical tools, we identify specific areas for action in both strategic and operational restructuring to achieve sustainable improvements in business performance. In doing so, we take into account both financial and organizational aspects and work closely with relevant stakeholders, such as management, shareholders, and banks. Our goal: To work with you to develop viable solutions through professional restructuring consulting that will make your company fit for the future.

What is corporate restructuring?

Corporate restructuring systematically outlines how a company’s performance and competitiveness can be restored or sustainably improved. It describes the individual steps involved in analyzing, planning, and implementing corporate restructuring measures. These measures apply to both operational and financial aspects. The process also outlines the stakeholders involved, the economic conditions, and the relevant decision-making processes.

What does traditional restructuring involve?

Corporate restructuring is a complex and unique process that goes far beyond short-term measures. It requires a deep understanding of economic dynamics, internal structures, and the specific challenges of the respective industry. Professional restructuring consulting helps companies identify economic challenges early on and implement structural improvements before a critical situation arises.

The focus is on stabilizing operations, optimizing cost and process structures, and strengthening the financial foundation.

The key steps in corporate restructuring

Analysis of the economic situation

Assessing revenue, cost, and liquidity situations, as well as identifying structural weaknesses, serves as the foundation for successful restructuring during a time of crisis.

Development of a viable action plan

From efficiency gains and process optimizations to strategic adjustments.

Preparation of reliable financial projections

Including integrated financial planning, scenario analyses, and impact assessments of corporate restructuring measures.

Support for operational implementation

Ensuring progress, prioritizing, and consistently implementing the defined steps in the restructuring process.

A partnership-based approach to the restructuring process

We work with you to identify opportunities for improvement, develop viable restructuring plans, and manage the entire process efficiently and discreetly. When restructuring a company, we take into account not only economic factors but also the human aspects that are crucial to successful implementation. Our consultants provide targeted support during critical phases, allowing you to focus on strategic decision-making.

Whether it’s an operational realignment, financial reorganization, or strategic development: We bring structure to your restructuring process and ensure that opportunities are not only identified but also consistently pursued.

Restructuring Consulting from ECOVIS DÖHMEN CONSULTING: Services

Liquidity Management

Ensuring solvency is the top priority during a company’s restructuring — especially in the context of financial restructuring during a crisis or restructuring prior to insolvency. We support you through active cash management, working capital optimization, and the development of integrated liquidity plans across various scenarios. In addition, we assist you with complex financing matters, ranging from debt-to-equity swaps to the development of alternative financing sources beyond traditional bank loans.

Reporting

Transparency is the foundation for sound decision-making in the restructuring process. We establish professional reporting systems for banks and stakeholders, as well as customized key performance indicator dashboards for management. Through Quick Audits, Independent Business Reviews (IBR), and the implementation of early-warning systems, we create a reliable information base for all involved parties.

Increased Performance and Continuous Improvement

We unlock your potential on both the cost and revenue sides and implement targeted operational restructuring measures. Using detailed contribution margin analyses, internal and external benchmarking, and well-founded “make or buy” decisions, we identify inefficiencies and implement measures to achieve sustainable improvements in earnings.

Processes & Projects

Efficient processes are key to the success of restructuring. We analyze and optimize your business processes and handle project management, including the establishment of a project management office (PMO). Whether it involves the operational implementation of restructuring plans or post-merger integrations, we ensure structure and the achievement of objectives.

Business Model Review

We analyze your business model to ensure its long-term viability. Taking current megatrends into account and using specialized tools, we develop strategies for repositioning your business. If necessary, we bring in additional experts to strategically realign your company.

Interim Management (especially Chief Restructuring Officer)

During the critical phases of a restructuring process in times of crisis, we temporarily assume operational responsibility, for example in the role of Chief Restructuring Officer (CRO). Our focus here is on the consistent implementation of restructuring and turnaround plans, the implementation of liquidity measures with immediate effect, the professionalization of financial control, and industry-specific challenges such as the streamlining of product ranges.

Restructuring Process: How Does Restructuring Work?

A restructuring process follows a standardized procedure that ensures decisions are made well-founded, quickly and effectively.

Nevertheless, every restructuring process is unique, as every company has its own specific characteristics. Different challenges and conditions require tailored solutions. A sustainable turnaround can only be achieved if the standardized process is specifically adapted to the company’s unique characteristics.

1. Analysis & Diagnostics

The process begins with a detailed analysis of the economic situation, the liquidity position, and the causes of the crisis. The goal is to gain a clear understanding of the company’s strengths, weaknesses, and areas requiring immediate attention.

2. Development of the Action Plan

Based on the analysis, strategic, operational, and financial measures are developed. Potential objectives include improving performance, increasing efficiency, or stabilizing liquidity.

3. Implementation & Management

The defined measures are prioritized, scheduled, and implemented. This phase therefore involves the adaptation of structures and processes. It also includes negotiations with stakeholders as well as short- and medium-term liquidity measures.

4. Monitoring & Performance Evaluation

Regular target-actual comparisons and progress reports measure the success of the restructuring. Necessary adjustments ensure long-term success and guarantee that the restructuring plan is followed.