Restructuring in the construction industry: creating structure, safeguarding the ability to act
Interest rate turnaround, cancelled projects, a wave of insolvencies in construction: the economic situation is worsening.
Many medium-sized companies in the main and ancillary construction trades are coming under pressure. Financing falls through, clients hesitate, material prices remain high, while wages, costs of keeping capacity available and performance pressure rise. Particularly affected are building construction, civil engineering, finishing trades and specialised craft businesses with a high share of work performed in advance.
The Worstbrock-Group supports construction companies, general contractors, subcontractors and craft businesses with one clear aim: to secure liquidity, restore operational stability and develop viable prospects for the future. Our approach combines practical immediate assistance with structured restructuring measures, always tailored to the dynamics of the sector.
Immediate assistance and crisis management
- Liquidity analysis in the event of a project stop, late payment or a dispute over variation orders
- Clarification of payment flows, site costing and obligations to make advance payments
- Measures to stabilise the ability to pay
- Preparation and initiation of insolvency filings or Schutzschirmverfahren (protective shield proceedings under German insolvency law)
Restructuring & turnaround
- Restructuring concept in accordance with IDW S 6 (the German standard for restructuring concepts issued by the Institute of Public Auditors) as a basis for banks, surety providers and suppliers
- Eigenverwaltung proceedings (debtor-in-possession management under Sections 270 et seq. of the German Insolvency Code) under the ESUG, the German act facilitating the restructuring of companies, with operational management and creditor communication
- Negotiations with suppliers, subcontractors, turnkey contractors or project developers
- Prioritisation of construction projects to stabilise the core business
Securing the future & strategy
- StaRUG proceedings (under the German Act on the Stabilisation and Restructuring Framework for Businesses) in the event of imminent illiquidity, without public effect
- Strategic realignment towards profitable business areas
- Advice on splits of operations, changes of provider or the carve-out of part of a business
- M&A support for sale, succession or restructuring through shareholding models
Whether shell construction company, finishing trade or specialist craft business: we know the economic, costing-related and liability-related particularities of the sector. Our strength: we bring structure to ongoing and blocked projects and ensure stability, including in disputes over variation orders, completion risks or liquidity pressure.
When construction sites stall, your restructuring cannot wait.
Contact us for a clear assessment of your economic situation and a solution that can be implemented.
