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Case Study

Interim CFO at Construction Supplier

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Finance for Fittings and System Solutions

An interim CFO supports an international construction supplier by securing corporate financing, implementing cash management and preparing an IDW-S6 expert opinion and a financial report.

q

Company

Production and distribution of fittings and system solutions for the application of glass in architecture
Sales organizations in 15 countries with approx. 250 employees

p

Challenge

Lack of financing and broken covenant (loan agreement)
Support in terms of bank management, financing and setting up the necessary reporting structure

m

Goals

Assisting the new CEO in securing financing for the company
Improving communication with shareholders and banks
Assumption of CFO tasks and support until the CFO position is permanently filled

n

Measures

Introduction of cash management
Commissioning and participation in the preparation and implementation of the measures of the IDW-S6 report.
Tapping into new sources of financing
Cooperative cooperation with the restructuring consultant, management and shareholder

x

Results

Obtaining existing financing via an IDW-S6 report
Conclusion of a factoring contract, secure liquidity management
Implementation of all financial and personnel-related measures of the IDW-S6 report
Introduction of consolidated integrated planning and meaningful reporting to all stakeholders
Employee retention and recruitment of key positions

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