Managed Insolvency of an Engineering Company

An engineering company ran into serious financial difficulties after losing key customers due to sanctions on non-European markets. The situation demanded immediate crisis management and preparation for possible insolvency.

Delayed action risked personal liability for the statutory bodies, loss of creditor trust and an uncontrolled course of insolvency.

Interim Crisis Manager responsible for coordinating crisis management, preparing the restructuring plan and readying the company for possible insolvency proceedings.

• Individually negotiated repayment schedules with creditors
• Coordination of negotiations with key creditors
• Talks with the financing bank on operational funding
• Bridge financing from owners to keep operations running
• Search for a strategic investor
• Stabilising internal communication with employees
• Daily cash flow management and management reporting
• Ongoing updates to the business and financial plan