Even companies with a solid foundation can get into serious trouble from external factors, as Covid-19 has shown worldwide. Strongly increasing competition, decreasing demand or a shortage of good personnel can also affect the financial health of a company to such an extent that its continuity is uncertain. More often still, are internal factors, like mismanagement, an inadequate strategy, backlog in investments or insufficient control over the company figures the main causes of financial problems.

• Solid and disciplined turnaround and improvement management is then necessary to guarantee continuity.
• A clear improvement plan, the right strategic choices combined with a tailor-made financial injection and the right stakeholder management ensure that the tide will be turned.
• Turnaround requires targeted action!