1The decision
We compare the cost of continuing with the cost of exiting and check whether a sale or handover is possible.
Managed Business Closure
Carrying on out of inertia is also a decision, and a very expensive one. If the cost of continuing is higher than the cost of exiting, a business or business line can be closed in a way that loses as little as possible.
Sound familiar?A business line has lived off the rest of the business for years, You already see there's no point in continuing, but you don't know how to close without causing harm, You're worried about the consequences for people, customers and your own reputation
Crisis Management
How we work
1
2Closure plan
Obligations to creditors, customers, employees and the state: in what order and on what timeline.
3People and customers
How and when to tell them, what to offer, who to hand customers over to.
4Assets and the legal side
What can be sold or kept; partner lawyers handle liquidation, and we coordinate.
Sound familiar?
- A business line has lived off the rest of the business for years.
- You already see there's no point in continuing, but you don't know how to close without causing harm.
- You're worried about the consequences for people, customers and your own reputation.
What usually lies behind it
The decision to close gets postponed because it feels like defeat. Meanwhile, money, the best people and customer trust drain away. A closure prepared in advance and carried out to plan preserves more than one that just happens.
What you get
A calculation: continue, sell or close.
A step-by-step closure plan with owners and deadlines.
Communication for the team, customers and partners.
Coordination of the legal and accounting work.
The cost of waiting
If nothing changes
- 01
The loss-making line will keep eating the resources of the business that works.
- 02
The best people will leave first.
- 03
The closure will happen anyway, only worse and more expensively.
When you don't need this service
- There's a buyer or partner ready to take on the business. Then the Deals and Business Exit area.
- The problem is temporary and the model works. Then crisis management.
How to tell it worked
Obligations
whether they were met according to plan.
People and customers
whether relationships were preserved and customers handed over.
Value preserved
how much was recovered through assets.
Questions
Can we close just one business line?
Yes, and it's a common case: a line that survives at the expense of the others is closed to preserve the core business.
Do you handle liquidation of the legal entity?
Legal liquidation is handled by partners with the relevant qualifications. We prepare the decision and the plan and coordinate all the work.
How do we tell the team?
Honestly and early. Uncertainty causes more resistance than bad news.
Related
Services: Crisis Management · Preparing a Business for Sale · Accounting Recovery Materials: Crisis: the first 30 days · The cost of doing nothing
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