Turnaround planning and execution with multi-million euro family business

Following a harsh negative financial performance that eventually led to a turnaround crisis situation, BFI was approached by the shareholding family to locate and investigate the causes of the decline and to evaluate turnaround options. BFI used these initial findings to reach further into the company and its market and to support the company’s management to develop a turnaround plan that could be implemented right away. BFI then assisted in governing the turnaround process. Company management was able to get back on track in three months.