Economic uncertainties or sudden changes in market conditions can push even the most robust businesses into a financial bottleneck. As Alinda Independent Audit, we are the strategic solution partner for businesses with impaired financial structures but a hope for recovery, guiding them through the completion of concordat processes and the journey to re-establishing financial stability.
The Role of Financial Consultancy in the Concordat Process
A concordat is a legal and financial shield that allows a debtor company to tie its debts to a specific schedule or restructure them by reaching an agreement with its creditors. The court’s acceptance and the successful completion of this process depend on a flawlessly prepared Concordat Preliminary Project and realistic financial statements. Alinda Independent Audit transparently analyzes the current status of the business and establishes the financial infrastructure required for the healthy execution of the process.
Our Services Within the Scope of Concordat
We stand by you with our technical expertise through all stages, from the application phase to the final approval. Our services include:
Preparation of the Concordat Preliminary Project: Preparing a realistic and persuasive project in light of financial data, demonstrating how the business will repay its debts.
Financial Situation Analysis and Reporting: Detailed analysis of the company’s assets, liabilities, and equity structure, and the generation of reasonable assurance reports.
Cash Flow Projections: Proving the repayment capacity by creating forward-looking cash inflow and outflow forecasts.
Negotiation Process with Creditors: Developing debt restructuring proposals and presenting financial data prior to creditors’ meetings.
Why Should You Seek Professional Support?
The concordat process is subject to strict legislation and auditing rules that leave no room for error.
Reliability: Reports that have undergone independent auditing build trust with both the court board and the creditors.
Sustainability: We generate permanent solutions that do not just save the day but ensure the business survives bankruptcy and continues its operations.
Regulatory Compliance: We ensure full compliance with the Enforcement and Bankruptcy Law (EBL) and relevant financial reporting standards.
Transform challenging processes into manageable targets with Alinda Independent Audit; secure the future of your business.