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Independent financial advice · since 2009
Fresh start after a difficult year
A new plan with the bank, and profitable again two years later.
- Sector
- Metalworking · 22 employees
- Lead time
- 14 weeks
- Year
- 2024
–12%
fixed costs
14 weeks
to agreement with the bank
+2 years
later profitable again
How the money was arranged
- Existing loan, extended€400,000
- New working capital€150,000
- Own contribution€100,000
- Total€650,000
Where it started
After a year of high energy prices and a large customer going bankrupt, a metalworking company was put under special supervision by its bank. The owner was losing sleep over it.
The approach
In four weeks we made an honest recovery plan: what went wrong, what changes and what that means in figures. Costs went down, prices in contracts were adjusted and we talked to the bank about a new repayment schedule.
The outcome
The bank extended the loan and provided extra working capital. Two years later the company is making a profit again, and is back with the bank's regular department.
From first meeting to signature
- Week 1First meeting
- Week 4Recovery plan
- Week 8Bank at the table
- Week 14Agreement
- Year 2Profit
The adviser
“A bank mainly wants to know that you yourself see what went wrong. Then honesty is your strongest argument.”
Douwe van Rijckevorsel
More completed assignments
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