Category: Crisis, Turnaround & Restructuring

Crises very rarely come unexpectedly. In most cases, a crisis is a gradual process that persists over a number of years, gradually intensifying until the symptoms of the crisis become openly apparent.

Sooner or later, undesirable developments in a company become apparent in its earnings situation. Once there, it is usually only a matter of time before the company’s liquidity is also affected. So, if there are negative deviations in sales and/or earnings compared to corporate planning, if the results are below those of comparable companies or even negative, it is imperative to take countermeasures. Precisely because time is usually of the essence in such cases, it is crucial to proceed thoroughly and professionally.

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People and nature are among the most sensitive areas in a company’s sphere of influence. After all, life and health are at stake here. Violations can have serious consequences. The liability risks arising from occupational health and safety and environmental protection law are correspondingly high. Of course, the basic obligations towards employees or other persons and the environment are known to every entrepreneur and compliance is not a new topic in these areas. Every company will consciously or unconsciously implement compliance measures in this area. However, the topic has become very much the focus of the authorities – and the focus of the public.

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No question about it! In economically uncertain times, many companies are susceptible to crises. Now is the time to take special care in risk management. In times of energy crisis, Ukraine conflict and supply bottlenecks, very few companies know what tomorrow will bring and drive on sight. However, anticipating the development of one’s company is crucial, especially in volatile times, in order to recognize crisis indicators in good time and largely avoid a crisis that could threaten the company’s existence. The StaRUG has made this a corporate duty. The Stabilization and Restructuring Framework Act, which came into force on January 1, 2021, aims to protect companies from insolvency and support them in a restructuring process through various instruments. Permanent planning and transparent risk management are mandatory components in the entrepreneurial toolbox. This enables management to assess how the company is developing at any time and to identify crisis indicators before the crisis makes big waves.

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Strategy, liquidity, earnings: a company crisis can have various causes. Well-established crisis compliance shows the right steps to take in the individual situation. The risk of a crisis has increased significantly in recent years and more recently against the backdrop of the pandemic and the Ukraine war – even for seasoned companies. Moreover, in times of numerous high-profile corporate scandals, the liability claims of boards for misconduct have come into focus. Against this background, crisis compliance management is currently experiencing a strong upswing.

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Aus der Kurzarbeit zurück in die Vollbeschäftigung

A few days ago, in a customer project, we met the new head of corporate communications, who has been in charge of this important department for a few weeks now.

From an initial small talk, let’s call the sympathetic lady Mrs. Wilhelm, she came to talk about her experiences with short-time work. The description from her point of view was so impressive that we did not want to keep it to ourselves.

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Aktive Kontoführung erhält Kreditwürdigkeit

… and how that can be prevented with active account management!

Many companies are not aware that account management is the reflection of the company’s overall situation.
In difficult times – such as a tense overall economic situation – this can be a downfall. But: it doesn’t have to be that way if you pay attention to details.

Stay in control of your trade and preserve financing options!
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