Court orders procedure freezing for company

Appointment of a special administrator on behalf of the court to rehabilitate the factory towards locating an investor.

Actions taken:

  • Production – closing unprofitable production lines
  • Customers – reducing number of customers with small profit potential
  • Suppliers – locating new suppliers for raw materials
  • Personnel – adjusting the number of employees to the sales and production capacity
  • Financials – raising money for operation for the purpose of working capital
  • Profit centers – every production line started operating as a profit center

End result – high profitability during the operating period and locating an investor for the factory.