Companies are faced with numerous major challenges, especially in difficult economic times.
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In particular, the internationalisation of economic activities, concentration in the markets, changing framework conditions and customer requirements as well as the increasing shortening of product life cycles are key issues that need to be mastered.
Recognising crises early and reacting quickly
Profound corporate crises do not usually arise suddenly, but develop over months or years with a momentum of their own that can lead to increasing explosiveness and even insolvency. In this phase, crisis management must be given the utmost attention. Effective crisis management now requires quick and at the same time level-headed action. The basic prerequisites for a successful turnaround are the correct handling of stakeholders, the immediate availability of decision-relevant information and the immediate implementation of stabilisation measures.
Comprehensive expertise from experts
Particularly in critical situations, you can rely on the extensive experience of our corporate finance experts and, above all, on the commitment of our employees. A meaningful internal reporting system that promptly records and adequately depicts the effects of changes in the economic environment is required to assess risks. This transparency helps to avoid crises.
Our aim is to recognise crises in your company in good time and to work with you to respond appropriately and quickly.
Arnd Schienstock, Partner PKF Fasselt
Our teams help you with
- Financial transparency and clarification of the company's current situation
- Securing the company's existence
- Recovering and sustainably stabilising business performance
- Support with the implementation of suitable measures
Our services in the context of restructuring or reorganisation
Integrated corporate planning
Timely and meaningful internal reporting is required to ensure that developments jeopardising the company are recognised as early as possible. The basis for this is a functioning controlling system that maps the business processes.
Performance, asset and liquidity overviews based on historical data and planning data are particularly suitable as indicators for the early quantitative identification of impending corporate crises. This is why our corporate finance experts focus on harmonising flexible and integrated corporate planning with the other operational sub-plans. This provides the opportunity to map key developments using suitable financial indicators and thus make the complexity of entrepreneurial activity more manageable.
Sensitivity analyses and scenario planning, which are used to simulate future performance indicators and cash flows, are an effective method for deriving viable decisions on the shareholder and lender side.
Support for corporate reorganisations
A corporate reorganisation should not only focus on the short-term survival of a company in crisis, but also on ensuring its long-term competitiveness. Achieving this goal requires tight organisation and the implementation of a well thought-out project plan. This is a major challenge for entrepreneurs, especially if these tasks have to be completed alongside the actual operational business.
Our reorganisation experts are on hand to assist you with all tasks related to sustainable reorganisation.
This involves the expert creation of detailed catalogues of measures, in which the steps for implementing the restructuring concepts developed are recorded, as well as targeted reporting, which helps to monitor and control the progress and results of the company restructuring.
A basic prerequisite for utilising the available capital as efficiently as possible is the establishment of a liquidity management system that is precisely tailored to the company's situation.
In addition, focussing on targeted working capital management can reveal short-term room for manoeuvre and create more flexibility on the path to a successful turnaround.
Independent business review
Having access to transparent information is a basic requirement for investors, especially in difficult times. This is why lenders often demand an up-to-date review of financial data, especially when compliance with financing agreements is jeopardised and adjustment measures are necessary.
An independent business review is a suitable tool for independently analysing and presenting the performance and financial parameters of borrowers. In this way, it provides a meaningful provides a meaningful basis for decision-making in order to derive concrete recommendations for action.
Our experienced teams advise you on the preparation of an independent and comprehensive company analysis that enables all parties involved to make a well-founded risk assessment and defines the framework for alternative courses of action. On this basis, lenders and borrowers can reorganise financing structures and conditions to suit their needs.
Reorganisation concepts (IDW S6)
Especially in times of crisis, quick action is crucial to a company's survival. In order to make the right decisions, both company management and investors need timely and reliable information about the company's financial and performance potential. On this basis, well-founded statements can be made about the reorganisation capability of the company in crisis.
An objective and independent statement on the reorganisation capability of the company in crisis is often the last chance, especially in a liquidity crisis, to avert the threat of insolvency and persuade all parties involved to keep the company going.
The basis of the reorganisation is the reorganisation concept or reorganisation report. The purpose of this concept is to show a conclusive and comprehensible way to reorganise the company in crisis, taking into account the legal framework.
A reorganisation report from the PKF team of experts includes a systematic analysis of the initial economic situation. The key elements are analysing the causes and the stage of the crisis, presenting the new strategic orientation of the <s> </s>reorganised company and identifying measures to overcome the corporate crisis.
The integrated business plan in particular serves as the basis for assessing the ability to reorganise. We analyse the situation together with you and develop viable solutions.