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In focus: COVID-19
Ensuring livelihood
> Download COVID-19 guideline

Emergency mode in real life!
Specific recommendations for securing your existence in the COVID-19 crisis phase

The coronavirus is currently causing significant disruption to commercial life. Never before has there been a situation of this magnitude. From a business perspective, clear and consistent action by management in this exceptional situation is essential in order to be able to secure the liquidity situation in the short term.

As an experienced restructuring and turnaround expert, Struktur Management Partner has therefore focused initially on providing you with tried-and-tested recommendations for action to secure the existence of your company. Our guidelines are primarily aimed at the stakeholders and managers of medium-sized companies.

Struktur Management Partner GmbH
Gereonstraße 18-30
D-50670 Cologne
T +49 (0)221 91 27 30 - 0
F +49 (0)221 91 27 30 - 99
info@struktur-management-partner.com
>>

It is currently not the ones with the best business model that will survive, but the ones that manage to secure sufficient liquidity.

Our managing partner Georgiy Michailov in a remote-interview with Division One: What should companies and their managers focus in times of crisis? Clear recommendations on the topic of "securing liquidity".

> Video „Securing Liquidity"

Successful through
the corona crisis:
I.
Existential needs for action

  • Installation of a powerful "Corona-Taskforce" consisting of cross-functional service providers
  • Establishment of a liquidity office for an “overwintering phase".
  • Ensure comprehensive and effective 360-degree stakeholder management

> Specific To-do’s

How strongly is your company affected by the economic impact of the current pandemic? What urgent action is needed to maintain the company's performance and liquidity in the short term?

By setting up a digital "operations centre" ( preferably web- or cloud-based) that controls all relevant issues and with a simple, uniform "COVID-19-Radar" as an evaluation and monitoring tool, these issues can be answered quickly and an appropriate risk assessment carried out.

We have created an "Emergency Mode in Practice" template for you, in which we have already defined the most important projects and tasks - based on our experience in crisis situations - in the short term, in order to make it easier for you to set up the "Survival in the COVID-19 phase" project.

We are making the SMP project management tool "ProChange" available to the first 30 interested companies here for free during the COVID-19 crisis phase. Our experts will be pleased to support you actively in setting up the project as well as in further measures.

> Sign up now!

II.
State support for companies and employees

The Federal Ministry of Finance and the Federal Ministry of Economics have agreed on a range of measures to protect companies and employees. In particular, companies are to be provided with sufficient liquidity to bridge the effects of the corona crisis. The announced state support is based on five key measures:

  • Flexibilization of short-time work compensation
  • Tax relief to ensure liquidity
  • Expansion of existing liquidity support programmes
  • Strengthening European cohesion
  • Suspension of the obligation to file for insolvency

> All recommended actions

Conclusion: Your special focus with regard to securing the existence of your company should be on the issue of liquidity!

SMP support for companies in COVID-19 times and beyond:

SMP support for companies in COVID-19 times and beyond

Struktur Management Partner GmbH has been specializing in the turnaround management of companies in critical phases of change for almost forty years and is highly regarded by corporate leaders, financiers and legal experts.

As the company with the most experience in the market, especially in the German SME sector, we not only guarantee practical restructuring and turnaround concepts; we also accompany all implementation and turnaround measures and ensure their transparency, effectiveness and sustainability from the very beginning. Take us at our word!

  • 1st
    in crisis companies with a turnarover
    of up to EUR 250 million
  • 44
    successful restructurings since 2017
  • 98%
    recommendation rate
  • >90%
    success rate

Your contacts in the COVID-19 phase:

Georgiy Michailov
Managing Partner
Dipl.-Volkswirt, B.M. (TSUoE)
Email to Georgiy Michailov
T +49 (0)221 91 27 30 - 15

 

Benjamin Klenk
Partner
Dipl.-Wirtsch.-Ing.
Email to Benjamin Klenk
T +49 (0)221 91 27 30 - 70

In this context, we would also like to recommend the following topics:

  1. Royal Triad – Cash, Payback, Dominance Download our current expert paper
  2. Our implementation tool Download ProChange flyer
  3. Liquidity planning in the COVID-19 phase Watch our tutorial here!
  4. Planning plausibility / Independent Business Review Convincing your financiers in six steps
  5. No time, no money, no security? Short-term financing security
  6. Restructuring report according to IDW S6 / BGH Contents and criteria for restructuring reports
  7. Financier communication Our current expert study "Szenen einer Ehe“ (Scenes of a Marriage)
  8. Liquidity requirement Our guideline for corporates
  9. Regional presence Where can we help you?
  10. COVID-19: Expert Paper Catalyst or coffin nail of digitization
    Digital transformation in the (post) corona world.