Restructuring & continuity
Sometimes a company finds itself in troubled waters. Then it is time for restructuring: cutting costs, regaining focus, revising agreements. Or even saying goodbye to certain activities or entities. Ensuring continuity does not mean clinging on desperately, but daring to rethink. With a well-considered approach, you can not only survive, but even emerge stronger from a crisis. Don't let temporary problems cause lasting damage.
Recognizable situations
Situations you recognize, answers that help you move forward.
Financial problems rarely arise overnight. They are often the result of a combination of factors: declining turnover, rising costs, pressure on working capital, an unbalanced financing strategy or unexpected events such as an economic shock or the loss of a major customer. Other factors such as inefficiency, inadequate reporting or a lack of strategic focus can also play a role.
It is important that you ask the right questions at the right time in order to identify the underlying causes. Why do cash flow problems keep recurring? What signs may you have missed? By looking at your figures objectively, you can work towards a sustainable solution that will ensure stability and steer your company into calmer waters.
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As soon as you notice that the financial health of your business is under pressure, it is crucial to act quickly. You can start by reviewing your cost structure, liquidity and debt position. In some cases, a temporary rescheduling of loans or negotiations with suppliers may be enough to create some breathing space.
If the situation is more serious, you could consider recapitalisation or formal procedures such as judicial reorganisation or protection from creditors. These measures give you time to draw up a recovery plan and get the business back on track. Don't wait too long: the sooner you take action, the greater the chance of recovery.
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Directors have a legal duty of care. This means that you are obliged to take timely action if the financial situation of the company deteriorates. If you fail to do so, you risk personal liability, especially if it appears that business continued to be conducted irresponsibly or creditors were disadvantaged. Shareholders can also be held liable, for example if they are actively involved in the policy or have paid out unreasonable dividends.
If you want to avoid liability, it is important to document decisions properly, seek professional advice and communicate transparently. In difficult times, careful management is not an option, but a necessity.
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Other important moments
These topics will help you think, plan and grow further
Other important moments
These topics will help you think, plan and grow further
Are you at a strategic turning point?
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