A long-standing and very successful manufacturer of machines and equipment found its existence threatened as a result of two incorrectly calculated and poorly executed major projects abroad. To protect the company in this critical situation, we needed to initiate and implement effective measures as quickly as possible.
Solutions
- Creating a short-term liquidity plan
- Preparing a protection shielding method (as a back-up procedure; it was not implemented)
- Creating a reorganisation report according to the rulings of the supreme court in Germany
- Carrying out negotiations with important customers to prevent impending bankruptcy proceedings
- Performing extensive monthly monitoring and measure controlling
