Restructuring in industrial services: safeguarding performance, strengthening structure
Industrial service companies are now indispensable partners of industrial production, and are themselves under growing economic pressure. The transformation of industry, ESG requirements, a shortage of skilled labour and price competition increasingly affect providers of servicing, maintenance and technology integration.
Mid-sized providers in particular quickly slip into economic difficulty between their promises of performance and cost pressure: high fixed costs, capital-intensive structures, growing reporting obligations and heavy dependence on a few major customers add to the risk. Despite positive sector indicators, many businesses come under pressure financially, in terms of personnel and strategically.
The Worstbrock-Group supports industrial services companies in critical phases, with a structured restructuring approach that brings together economic reality and sector-specific characteristics.
Immediate help and crisis management
- Analysis of liquidity, order cushion and reliance on project business
- Immediate measures to reduce personnel, leasing or standby costs
- Negotiations with lenders, principal customers and suppliers
- Support with Schutzschirmverfahren (protective shield proceedings under Section 270d of the German Insolvency Code) or insolvency filings
Restructuring & Eigenverwaltung
- Restructuring concepts in accordance with IDW S 6 (the German standard for restructuring concepts issued by the Institute of Public Auditors) to secure the continuation of the business and for communication with creditors
- Eigenverwaltung proceedings (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 support
- Structuring of business units, post-calculation of projects and capacity management
- Reducing operational risks by focusing on economically viable services
Strategic realignment
- Restructuring under StaRUG (the German Act on the Stabilisation and Restructuring Framework for Businesses, in force since 2021) in the case of imminent illiquidity (Section 18 of the German Insolvency Code)
- Advice on investment in digitalisation, staff retention and ESG reporting obligations
- Support with succession, partial sale or strategic cooperation
- Strengthening profitability in tendering and project business
Industrial services thrive on trust, quality and reliability, which also makes them particularly vulnerable to operational weaknesses and uncontrolled cost development. We help to identify economic risks, to contain them and to secure the substance of the company in a targeted way.
Make use of your room for manoeuvre before margin pressure and fixed costs restrict your ability to act.
We support industrial services companies in stabilisation, restructuring and realignment: structured, practicable and close to the needs of mid-sized companies.
