Crisis situations (that put a business in short or long-term jeopardy) are not unusual for startups and small and medium-sized businesses, and can result from errors, mismanagement or fraud. Statistics show that crisis is an integral part of business risk.
However, investor shareholders, managers, and executives are not always prepared to manage the highly specific circumstances of a crisis. A sense of urgency can lead them to take the wrong course of action and make the situation worse. This is why it’s essential to enlist the services of specialists who can quickly determine the best possible legal, financial and organizational options.
Atlays Emergency is Atlays’s restructuring solution, run by Thierry Viquerat, a well-known business restructuring specialist in France. Atlays Emergency is made up of a transdisciplinary team of interim executives who work in collaboration with an expert to provide support to business leaders, drawing upon experience they have gained by helping hundreds of other companies through challenging situations. We favor a cross-disciplinary approach, and design solutions that combine expertise in insolvency and related proceedings, financial engineering, business law and administration, organization, human resources management, and more. Our unique solutions are different from the often-limited “silo” approaches that are frequently offered by law and accounting firms. Atlays Emergency provides immediate, complete, effective and lasting solutions for businesses facing difficulties.
One of the ways that Atlays Emergency can help business leaders through difficult circumstances is by assisting with operating activities during insolvency and related proceedings. Thanks to their many years of practical experience, our experts can provide assistance with:
Drawing on their extensive expertise in corporate finance, Atlays chief financial officers can help your company manage its treasury effectively. In this way, Atlays Emergency helps the executive director regain perspective on his or her business operations.
Maintaining clarity and gaining an overall perspective of events is often a challenge for executive directors in a crisis situation, as they are, by definition, alone at the head of the company. Atlays Emergency’s team of executives, all of whom are former executive directors or management committee members, not only provide a clear perspective on the situation, but also present an opportunity to exchange ideas among peers and compare different points of view, with the goal of finding the best possible solution on both a technical and human level.
Because of their funding methods, management specificities and the unique types of difficulties that they face, restructuring start-ups requires a highly targeted approach. Since their inception, Atlays Emergency has worked with startups year-round, gaining a unique understanding of this business structure.
This has allowed us to identify three of the most common situations in which a start-up might require restructuring assistance :
In these three difficult situations, conflicts between founders, managers and shareholders often arise, and it’s essential to know how to manage these conflicts.
For each of these situations, Atlays Emergency offers solutions that will help the start-up survive or plan an exit strategy with the best possible outcome.