Freelance Restructuring Report (IDW S6): Bank-Approved Restructuring Plans for Companies in Crisis

You’ll typically receive the first suitable profiles within 24–36 hours. To do this, we match your situation (stage of the crisis, stakeholders, available data) with the experts’ availability and industry experience. You’ll then receive a targeted selection with clear areas of expertise and start dates.

A restructuring report (IDW S6) analyzes the causes of a company’s crisis, assesses its ability to continue as a going concern, and develops an IDW S6-compliant restructuring plan. They integrate measures into a comprehensive business plan and ensure transparency for banks, shareholders, and governing bodies. The goal is a verifiable, actionable plan for stabilization and sustainable profitability.

Typical triggers include acute liquidity shortages, impending covenant breaches, negative earnings trends, or rapidly increasing financing pressure. When banks require a restructuring plan, a going-concern forecast, or additional transparency in planning, the need is usually clear. Even in cases of significant stakeholder conflict, unclear data, or concurrent restructuring measures, an expert opinion provides structure and facilitates decision-making.

Strong accounting and financial expertise (balance sheet, cash flow, working capital) are essential, as is experience with the IDW S6 framework, going-concern projections, and stakeholder logic. In terms of tools, the expert should be proficient in modeling and reliable planning in Excel/Power Query, as well as reporting (e.g., Power BI) and data room workflows. Useful qualifications include experience working closely with certified public accountants (WP) or tax advisors (StB), a basic understanding of restructuring and insolvency law, as well as practical experience in banking communications and preparing materials for board meetings.

An Interim CFO manages the finance function on an operational basis, oversees financial statements, liquidity, and the finance team, and implements governance in day-to-day operations. A restructuring expert (IDW S6) primarily develops an independent, auditable restructuring plan—including a going-concern analysis and planning rationale—that stands up to scrutiny by banks and stakeholders. In practice, both roles complement each other: With our profiles, you establish the conceptual and documentation-based foundation, while the Interim CFO anchors the operational implementation within the company.

Typical deliverables include a structured crisis and root-cause analysis, a business and market overview, and the development of a consistent vision and target model. These are supplemented by integrated financial projections (income statement, balance sheet, cash flow) with scenarios, a catalog of assumptions, sensitivity analyses, and the impact of proposed measures. Frequently, an action plan with assigned responsibilities, a reporting package for banks and governing bodies, and supporting documentation (data room, evidence, calculations) are also provided.

The daily rate for a restructuring expert (IDW S6) is typically between €1,200 and €1,800 per day. The specific rate depends primarily on the stage of the crisis, time constraints, data quality, the number of stakeholders, as well as modeling and industry-specific requirements. With our profiles, the scope can usually be clearly defined through specific deliverables, milestones, and reporting cycles.