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Case Study

Interim CFO at Construction Supplier

1 Min Read

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.

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​

Challenge

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

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​

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​

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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