Turnaround Management

The profits and financial situation of many companies are worsening severely due to the current financial crisis. Companies in crisis situations face particular challenges. These phases are frequently characterised by stressful internal discussions about the possible causes of the crisis, a lack of clarity about the necessary countermeasures, doubts about future prospects and critical conversations with banks and investors about the further development of the business and financing. Swift, goal-directed decisions and consistent action are now needed.

We help companies to overcome these challenges and to lastingly improve their profits and financial situation. We provide assistance, from increasing profits and efficiency in individual fields or processes to producing recapitalisation concepts and implementing integral company structures. If required, we also take over operational responsibility in Interim Management Functions.

From turnaround to BestPractice company – in our projects we combine know-how in finances and restructuring with our background of experience in lean and Best Practice. To achieve this combination, the restructuring and lean advisers work hand in hand. With the approach 'lean processes instead of pure cost cutting', we achieve quick and above all lasting results in the implementation of profit-increasing and recapitalisation concepts. We assist companies with various initial economic situations on their way to BestPractice.

The benefits to you

Within a short period of time you will receive comprehensive transparency thanks to a sound and objective expert assessment of your initial situation. This includes the identification of weak points and their causes and in particular the working out of tailor-made solution concepts and methods with analysis of the commercial results. This represents a solid foundation for management and committee decisions. Our special strength, however, is consistent implementation, with which we achieve results that can soon be measured. The systematic application of lean principles ensures that the successes achieved are lasting.

Our service

• Company strategy – realignment of positioning for strengthening competitiveness
• Turnover – optimising product portfolio and successfully defending/ increasing sales prices
• Materials – targeted optimisation of purchasing conditions
• Processes – tapping hidden reserves of efficiency and reducing non-value-creating activities
• Liquidity – ensuring ability to pay
• Financing – reorganisation of financing structure
• Balance Sheet – reducing non-operationally-necessary and working capital