We take the role that you prefer
More than anything else, restructuring is an hands-on activity. We act correspondingly and we are available for various different roles. We may act as your consultant, we are willing to step in as a (temporary) board member and we are prepared to assume direct responsibility in typical roles as (interim-)CFO or chief restructuring officer. Our formal title is not important, only our impact counts. When the job is done, we leave. Regardless the role that we assume, we will constantly monitor whether the overall process is running adequate.
Some key areas that we focus on:
If we deem it necessary, we will take corrective actions.
Our problem analysis typically takes no more than two to three days. Then we report whether the job is doable and we start working. In almost any situation your employees, banks and other stakeholders need to be re-assured. So we start with a communication program. We will tell the story to all incumbents, just the way it is, bold and honest. What went wrong basically, how many jobs are at risk and what’s the position of the banks? We will give an outline of the preliminary action plan and we will be completely transparent about the risks involved. We will come back to them again and again and again. In our experience this approach results in higher confidence and more motivation. That’s key. The rest is techniques.
There is much more to tell, but that would go beyond this concise introduction. Our credentials may speak for theirself.