Task

  • Ensure solvency
  • Make tax payments on time
  • Clarify relationships between income and liquidity

Industry/ Function / Environment / Expert

  • Healthcare
  • Management of practice, focus on finance (operational)
  • Tight liquidity situation, reconstruction of all treatment rooms
  • Input and output flows analyzed in detail
  • Liquidity planning tool developed
  • Discussed cash flows with dental association and calculated resulting financing gaps
  • Regular communication with tax advisor established
  • Private withdrawals redesigned with corresponding documentation
  • Remodeling project planned and resulting payment schedule established. Established target/actual comparison at least once a week.
  • Foresightedly informed lenders of all significant payments and agreed thresholds (covenants).
  • Partners have understood connections
  • Liquidity management system and planning tool for the future established
  • Tax payments made on time over the entire period
  • Dental clinic in the Ruhr area with 100 employees, including 20 dentists, at one location.
Dipl.-/Bank-Kfm. Michael Weßling

Partner

+49 40 8000 845 92 wessling@fup-ag.com