What does turnaround mean for a company?
If a company does not recognise in time that it is in an acute crisis, this leads to a gradual deterioration in profitability and financial performance. Turnaround management helps to ensure the survival of a company in such a situation. The first step is always to identify the causes of the crisis, ensure solvency and avoid insolvency proceedings. The next step is to take the necessary countermeasures to restore sustainable profitability.
How can F&P help with the turnaround?
The F&P restructuring experts develop holistic restructuring concepts, prepare restructuring reports and lead your company back to the path of success.
The strategy check describes the status quo, provides essential basic information about the market and competitive environment, identifies opportunities and potentials, provides information about the target direction and focuses on the causes of the crisis, the type of crisis and its course in the evaluation and development of measures. Based on the results of the strategy check and the causes of the crisis, F&P then develops the turnaround strategy together with the management as well as the necessary measures for successful implementation. There are various ways in which turnaround management can be used for implementation:
- Operational restructuring: The goal is to improve the company’s results in a timely and sustainable manner. Building blocks are, for example, cost reduction, marketing & sales, liquidity & cash management or reorganisation of core processes.
- Strategic restructuring: Development of a competitive, sustainable position in the market that generates profitability and positions the company robustly against turbulence and challenges of the future.
- Structural restructuring: Improving leadership by changing the leadership system – i.e. the organisation, leadership mode, communication and reporting.
- Financial restructuring: Improving the financial room for manoeuvre through efficient liquidity and working capital management, also to mobilise fresh equity and debt capital.
You are looking for an interim manager or turnaround consultant with high expertise, who can quickly lead your challenging project or programme to success?
Your advantages with F&P
F&P has the relevant professional “know-how” and methodological knowledge as well as practical experience in all relevant fields of turnaround and its design: diagnosis, concept development, mediation and practical implementation. With our standardised quick check and through our many years of experience in various functions and industries, we recognise crises at a very early stage.
We are your partner for consulting and interim management Thanks to our USP, we can not only provide you with implementation-oriented consulting solutions for the turnaround of your company, but can also accompany you operationally with our interim managers in the implementation of the concepts. In doing so, we ensure that the appropriate measures are implemented in a targeted manner and that your company can remain in the market in the long term. F&P can therefore not only provide you with competent advice, but also with individual managers or well-coordinated management teams along the entire value chain.
Successful turnaround projects
F& P’s experts have already carried out several successful projects efficiently and sustainably. For example, the turnaround of a global manufacturer of cardboard tubes and cartons, or the interim activity of one of our professionals as managing director and in the area of business development, which served to increase the performance of the company.
You can find all case studies on our website, where you are welcome to read and learn more about other successful turnaround projects that F&P has carried out.