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Turnaround

Nothing beats experience. But only if you share it.

  • Books

    Leadership competence. From our best sides.

    Discover our standard works with practical added value on business model redesign, restructuring and turnaround management, digitized services and much more.
  • Publications

    Facts, studies, expertise and tips.

    Concrete, practical, subject-specific and valuable.
  • SMP LeaderTalks

    Structure Management Partner in expert dialog.

    Interviews, podcasts and much more. Watch or listen now.
  • Transformation Conference
  • Zurück

We are the good guys. Even for bad times.

  • Turnaround expertise
  • IBR and Planning Plausibility Check

    Complex planning - we can do it easily.

    Planning means "trial and error". This is why "forward planning" and "backward planning" are part of any promising planning process.
  • Restructuring Report IDW S6 / BGH

    Crisis? Overcomeable! Turnaround? Financeable! Future? Realizable!

    Find out more about IDW S6. With our guide and our restructuring consultants.
  • Preventive Restructuring (STARUG)

    Crisis recognized, crisis averted.

    Early crisis detection and a new preventive restructuring framework. What does it need, what are its benefits and how can it be used cleverly?
  • Stakeholder Management

    Radical realism and extraordinary acceptance.

    Take the entrepreneur self-test for professional financial communication and benefit from the experience of our experts in corporate finance and sophisticated stakeholder management.
  • Evaluation according to IDW S11

    The standard that makes the difference.

    The Institut der Wirtschaftsprüfer (Institute of Public Auditors in Germany) has drawn up IDW S11 for the assessment of insolvency maturity.
  • Securing Financing

    Time is money, trust is more money.

    Critical financing situations are not mastered somehow. But with liquidity planning, financial restructuring experts and the SMP financing network.
  • Corporate Finance Management

    Trust is your capital.

    And we are experts in confidence-building measures.
  • Zurück

Stronger than ever. And right now.

  • Resilience expertise
  • Business Model Redesign

    There is a better tomorrow in every today.

    Identify and improve your company's value generators and eliminate your value destroyers. With the help of our "Value Loop®".
  • Up to here and always further.
    Take the performance check and discover our performance programs for successful value enhancement.
  • Resilience for Family Businesses

    Attack instead of becoming vulnerable.

    Take the family stress test and discover the benefits of the E3 resilience formula for family businesses.
  • Value Benchmarker

    Having potential is good.

    Being able to validate it is better. Start your best performance diagnosis now. In just five days, we will determine your achievable benchmark targets and the indicative measures to achieve them.
  • Value-adding Sustainability

    It is time for a sustainable alignment of business models.

    And time to set up your own corporate performance and resilience for the future with a targeted sustainability strategy.
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Digitalisierung, die sich rechnet.

Whenever it is serious or meant seriously.

Your company. Our focus.

  • Industries

    No hot air, but solid advice:

    Our industry experts come from the field themselves and therefore not only know what they are talking about, but also what you are talking about.
  • Private Equity

    Countable return on partnership.

    We help you to analyze potential in the shortest possible time, bring the right people together and ensure that investments pay off in the short and long term.
  • Family Business & Networking

    When several generations are sitting at the same table, we are at their side.

    With management systems and consulting solutions, especially for family businesses.
  • Zurück

Countably successful. Decidedly better.

  • Mindset

    We are not doing anything out of the ordinary.

    Only the right thing. But exceptionally well. And you can read how we do that here.
  • People

    Our first business rule:

    Taking everything personally. That's why we look forward to meeting you in person.
  • Reputation

    You can quickly make a name for yourself.

    Making a name for yourself, on the other hand, requires more. Especially if you like to recommend it as much as we do.
  • Zurück

Evaluation according to IDW S11

Standard for the evaluation of insolvency
IDW S11

Download IDW S6 guidelines

Sound assessment when things get really serious.

If companies are in crisis, a qualified assessment of their restructuring capability by external experts is essential. Before a reorganisation report can be prepared in accordance with IDW S6, it must first be determined whether the company in crisis is in (imminent) insolvency and/or over-indebtedness.

This is done by assessing insolvency maturity in accordance with IDW S11.
The most important bases for this assessment are 
a) the financial status 
b) a financial plan derived from a meaningful business concept 

What is assessed on the basis of IDW S11?

First:

The establishment of a "financial status" and – in the case of a negative financial status – the drawing up of a financial plan (over at least four weeks) to assess solvency.

Secondly:

The calculation of the liquidity requirement for (at least) the current and coming business year that must be covered with overwhelming probability (= positive going concern forecast) and – in the case of a negative going concern forecast – the preparation of an asset status to allow evaluation of over-indebtedness.

Thirdly:

The evaluation of the results with a meaningful and experienced assessment of insolvency and over-indebtedness is carried out with the support of specialised lawyers if required.

What is the aim of the IDW S11 valuation?

Goal 1:

No insolvency

Insolvency according to §17 InsO must be excluded. This is the case if due payment obligations cannot (or can no longer) be fulfilled.

Goal 2:

No imminent insolvency

There must also be no imminent insolvency in accordance with §18 InsO.

Goal 3:

No overindebtedness

Over-indebtedness in accordance with Section 19 InsO must not exist. This is the case if the net assets, assuming liquidation values, are negative with a negative going concern forecast.

Inability to pay or payment stagnation?

"A mere payment delay can generally be assumed if the period of time that a creditworthy person needs to borrow the required funds (financial gap) is not exceeded. Three weeks appear to be necessary for this, but also sufficient.’ (Source: BGH, judgement of 24 May 2005 - IX ZR 123/04)"

If the reasons for filing for insolvency can be ruled out after a financial status, any necessary financial plan and a positive going concern forecast have been drawn up, the actual restructuring work begins with the preparation of the restructuring report.

Indications of insolvency (suspension of payments)

  • Payment deadlines not met
  • Reminders
  • Returned direct debits
  • Non-payment of social security contributions
  • Pre-emptive postponement of a bow wave of due liabilities
  • Request for deferral
  • Persistently slow payment behaviour

Why Struktur Management Partner?

Our turnaround experts are the right people to contact for qualified answers to these questions and a proper assessment of the situation. This is because the preparation of a restructuring report in accordance with IDW S11 requires extensive expertise and experience and must be carried out by independent and qualified specialists. This is also because a corporate crisis brings with it numerous legal implications that need to be considered (e.g. insolvency and labour law). In addition, the requirements formulated by the Federal Court of Justice in its previous case law must be observed. The use of external specialists is in line with the case law of the highest court.

Based on over 700 concepts and a sophisticated methodology, our specialists can show you how they understand companies in crisis and the associated problems and develop solutions to help you achieve entrepreneurial independence.

  • Successful reorganisation concepts

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    Success rate

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    Recommendation rate of our customers

    Contact

    [Translate to English:]

    Dietmar Buchfink Managing Partner Technical Diploma in Business Studies

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    [Translate to English:]

    Tobias Seybold Partner Diploma in Industrial Engineering

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