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Recovery of a company in difficulty
Interim Management Mission
Sector of activity
Industry, construction, production and distribution in BtoB.
Type of company
Family-owned company,
with participation of an investment fund.
Size of the company
Company turnover between 10 and 20 m€.
Country, city
France
Type of mission
Management, Turnaround of a company in difficulty
9 months transitional mission
Function
General Management with corporate mandate
CUSTOMER NEEDS
In order to maintain its competitiveness, the family business has many challenges to face.
The company wished to call on an interim manager to simplify its product range and relaunch a new commercial dynamic.
It is thus necessary to modify the industrial organization in place.
FIT IN NETWORK® RESPONSE
The family business approached FIT in NETWORK® to find THE interim manager, a management specialist who would best meet its needs.
After having clearly identified the client's expectations, we launched a search for a manager with previous experience in business recovery and industry.
In just a few days, we determined a shortlist of candidates who met the client's needs.
After consultation with the client, a manager presented by FIT in NETWORK® was selected to carry out this mission.
ACHIEVED RESULTS
Over a total period of 9 months, the manager in place succeeded in setting up a management team to ensure the operational, commercial and financial management of the company.
The company discontinued a product line deemed uncompetitive, and launched a new line with high volume potential in a growing market.
The family group also decided to close its regional counters to concentrate the activity on a single site, allowing the launch of new investments with bank support.
Production has improved with the implementation of new production cycles, and the improvement of product quality and production times.
Finally, the sales team was strengthened with the recruitment of a Sales Manager.
CONCLUSION
After 6 months, the company managed to return to an economic balance.
Within 1 year, the company's recovery was successful, the net result was balanced, and the turnover reached 2 digits.
At the end of his mission, the manager organized the handover to the President who reintegrated the operational general management in his new responsibilities.
CLIENT FEEDBACK ON THE MISSION
"Faced with our urgent request, FIT in NETWORK®️ was able to react quickly, by organizing a day of meetings with four Transition Managers likely to meet our request.
The mission was thus able to start according to the schedule mentioned.
FIT in NETWORK®️ then monitored progress throughout the assignment, in order to ensure that our expectations and the progress of the assignment were always in line.
The interim manager we retained used his managerial skills to unite the teams around a few structuring projects.
In a difficult period, the manager was able to reanimate the support of the employees to move forward."
LEARN MORE
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Other examples of missions carried out by our experts on FIT IN NETWORK®.
- Interim Management Mission – Industrial Maintenance Manager, Ref. 24.026
- Interim Management Mission – General Services Manager, Ref. 23.062
- Interim Management Mission – Legal Advisor, Ref. 23.056
- Express Executive Recruitment – Water Management Operations and Maintenance Manager, Ref. 23.205
- Express Executive Recruitment – Water O&M Manager, Ref. 23.204
- Express Executive Recruitment – Hotel Operations Manager, ref. 23.202
