F&p case studiesRestructuring and realignment
Expert: Dipl.-Kfm. Frank Wedekind
F&P Case STudiesTask
- Long-established business training organization came under economic pressure
- Persistent losses in the core business led to an acute liquidity crisis
- Taking over the management of the CFO/COO division with up to 600 employees after replacing the previous incumbent
- The aim of the operation was to secure liquidity and safeguard the economic development of the company
Industry / Function / Environment / Expert
- Educational institution with €55 million turnover and 800 employees
- Interim CFO
- Restructuring, earnings and liquidity crisis
- Dipl.-Kfm. Frank Wedekind
Project description
- Preparation of an independent business review in collaboration with a cooperation partner
- Management and support of the restructuring (PMO)
- Establishment and implementation of restructuring measures
- Creation of economic transparency (projects were miscalculated, resulting in project realization losses)
- Development of consistent and integrated corporate/financial planning
- Development of liquidity planning
- Development of a new business segment
Result
- Unrestricted endorsement of the Independent Business Review (IBR) by banks and the Supervisory Board
- Securing a bridging and refinancing loan to safeguard liquidity
- Realignment of corporate management with a focus on profitability, including through optimized project calculations
- Introduction of integrated corporate and liquidity planning
- Stabilization of the earnings situation through successful implementation of initial restructuring measures
- Complete renewal of the controlling department, including personnel and structural realignment