Resolving the root causes is prerequisite for the return to long-term success of a company in distress. A successful restructuring and turnaround programme creates:
sufficient financial scope,
a cost structure and profitability that are customary or better,
an effective business model and a revised strategy, if necessary,
a meaningful reporting and corporate governance rules.
Consultants or restructuring managers of 1 if by land bring about the essential changes and initiatives in the company:
portfolio and capacity adjustments,
cost cutting and head count reduction,
site consolidation and outsourcing,
disposal of non-core assets,
revenue enhancement and sales initiative,
efficiency improvement in production and administration,
working capital management,
1 if by land fulfils the information needs and reporting requirements of banks and lenders in the restructuring process.
Our consultants are senior restructuring professionals that play an active part on site. They continue and institutionalise the liquidity management that was set up at the height of the crisis, compare "Crisis management".