Restructuring for staffing providers: securing liquidity, stabilising the business model
Collective wage agreements, fluctuating utilisation and rising wage costs: staffing providers are under growing economic pressure.
Mid-sized temporary staffing companies and recruitment agencies are increasingly getting into financial difficulty. The causes are volatile order books, a shortage of skilled workers, increasing margin erosion and a high internal administrative burden. Particularly where advance expenditure is high and liquidity reserves are tight, a company can quickly lose its ability to act.
The Worstbrock-Group supports staffing providers with operational stabilisation, in restructuring proceedings and in strategic realignment. Our focus is on short-term relief, a structured approach and solutions that remain viable in a dynamic market environment.
Immediate support and crisis management in the staffing sector
- Analysis of revenue and cost development by customer segment and employment model
- Securing the ability to pay when orders fluctuate and utilisation declines
- Preparation and initiation of insolvency filings or Schutzschirmverfahren (protective shield proceedings under Section 270d of the German Insolvency Code)
- Negotiations with banks, leasing partners and clients to bridge acute shortfalls
Restructuring & turnaround
- Preparation of restructuring concepts in accordance with IDW S 6 (the German standard for restructuring concepts issued by the Institute of Public Auditors) for creditors, investors and tax advisers
- Support for Eigenverwaltung (debtor-in-possession management under Sections 270 et seq. of the German Insolvency Code) under ESUG (the German act facilitating the restructuring of companies), with operational assistance
- Optimisation of framework agreements, deployment planning and cooperation models
- Structuring of internal processes to relieve dispatching and administration
Securing the future & strategy
- Pre-insolvency restructuring under StaRUG (the German Act on the Stabilisation and Restructuring Framework for Businesses) in the case of imminent illiquidity (a threat to the ability to pay debts as they fall due, Sec. 18 InsO)
- Strategic realignment towards target sectors with higher margins, such as healthcare, technology or IT
- Support with succession processes, M&A or investment models
- Digitalisation of internal processes and measures to retain employees
Where utilisation fluctuates and fixed costs are high, clear decisions are needed. We help you implement them in a structured way and position your business model for the future.
Use your room for manoeuvre before fluctuating orders become an existential threat.
We show you how to stabilise your company, keep costs under control and lay the foundation for profitable growth.
