Restructuring is not a routine matter! Restructuring situations require restructuring professionals.
A turnaround places significant demands on a company’s management. The restructuring program must be implemented with complete commitment while day-to-day operations continue. At the same time, the company’s management are also faced with the challenge of persuading all those involved to commit fully to the process as quickly as possible. Shareholders, employees, authorities and banks as well as lawyers, tax consultants and auditors have to be brought on board. The substantial strains this places on management often lead to bottlenecks, which can jeopardize the successful implementation of the program. The measures also demand an approach tailored to the crisis, which will differ from the actions needed in regular day-to-day business. This is not just the case for management but also for areas such as sales, finance, procurement and production. In this situation it often makes sense to employ a CRO to manage the restructuring measures.
Helbling Business Advisors will provide interim managers, who have in-depth experience of turnarounds. They are used to acting single-mindedly, rapidly and consistently to secure liquidity and capital, to initiate and implement operational improvements, to redefine the strategic course and generally to ensure the restructuring is successful.
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