{"id":407,"date":"2022-03-04T01:59:56","date_gmt":"2022-03-04T00:59:56","guid":{"rendered":"https:\/\/ares-advisors.de\/?page_id=407"},"modified":"2024-08-18T16:36:44","modified_gmt":"2024-08-18T14:36:44","slug":"management","status":"publish","type":"page","link":"https:\/\/ares-advisors.de\/en\/management\/","title":{"rendered":"Management"},"content":{"rendered":"
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Competence<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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CRO\/ Interim \n<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Our clients regularly engage ARES Advisors when their company has been undergoing strategic realignment, transformation, reorganization, or a \"Fit for Future\" program for an extended period. Such restructuring processes are often accompanied by personnel changes in management, or there may simply be a lack of capacity to build the necessary specialist knowledge.<\/p>

Especially in owner-managed companies or start-ups, the entire complex of \"restructuring and turnaround\" leads to exceptional demands and stresses. After all, it's not just about the existence of the company and its employees \u2013 it's about a life's work.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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PROFESSIONAL SUPPORT FOR YOUR TEAM!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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ARES Advisors not only supports you as a sparring partner for strategic approaches \u2013 we also take on operational responsibility and are proactively involved and internationally experienced in communication with lawyers, tax advisors\/auditors, unions, authorities, and governments.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Frequently Asked Questions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/polygon><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/rect><\/rect><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is a restructuring report according to IDW S6 \/ BGH?<\/a>\n\t\t\t\t\t<\/h4>\n\n\t\t\t\t\t

When a company is in a crisis situation, the financing banks \u2013 as well as other creditors and state institutions \u2013 require the report of an independent expert. This report outlines the historical development, the causes of the crisis, and the necessary measures for a \u201cpositive continuation prognosis.\u201d A professional restructuring report thus provides an important foundation for effective restructuring.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/polygon><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/rect><\/rect><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is a continuation prognosis?<\/a>\n\t\t\t\t\t<\/h4>\n\n\t\t\t\t\t
A \u201cpositive continuation prognosis\u201d is given when the necessary financing of the company is secured with a high probability for at least 18 to 24 months.<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/polygon><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/rect><\/rect><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow long does it take to prepare a restructuring report?<\/a>\n\t\t\t\t\t<\/h4>\n\n\t\t\t\t\t
The time required to prepare the report largely depends on the quality of the available data, such as financial accounting, and the complexity of the company or corporate group. Based on our experience, the timeframe generally ranges between three and six weeks.<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/polygon><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/rect><\/rect><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tThe restructuring report is completed. What happens next?<\/a>\n\t\t\t\t\t<\/h4>\n\n\t\t\t\t\t
To maintain financing or support the restructuring with additional funds, ongoing implementation support by an experienced restructuring consultancy is usually a prerequisite. ARES Advisors also supports you in this and, if necessary, takes on short-term responsibility as CRO \/ restructuring management.<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/polygon><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/rect><\/rect><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is a CRO \/ restructuring manager?<\/a>\n\t\t\t\t\t<\/h4>\n\n\t\t\t\t\t
Managing a corporate crisis requires quick action and intensive communication with a variety of stakeholders, including banks, lawyers, and auditors \u2013 all in addition to regular business operations. Companies often simply lack the capacity to tackle these challenges on their own. A CRO (Chief Restructuring Officer) can effectively support these companies with their specialized knowledge and experience in crisis management by initiating and coordinating the necessary measures for stabilization and restructuring.<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t