Restrukturierungsberatung in Berlin
Turnaround Management Partners (TMP) is also active as a restructuring advisor in the Berlin area and advises local companies in times of crisis. The restructuring boutique consists of experienced ex-Big 4 restructuring advisors with decades of experience and expertise in advising and managing companies in crisis situations. The advisory team provides turnaround management services.
With a population of around 3.7 million and a catchment area of around 6 million people, Berlin is Germany’s largest city and at the same time a political and economic decision-making center. As a business location, Berlin plays an important role in the national and international context and attracts talents from all over the world. Its dynamic diversity is characterized by everything from a flourishing start-up scene to established technology companies, leading research institutions and growing sectors such as media, creative industries and tourism. Nevertheless, traditional industries such as the automotive sector and parts of the retail trade are also facing challenges in Berlin due to the shift towards more sustainable and digitized business models.
Restructuring advisory in Berlin
Berlin, as a vibrant metropolis and important business location in Europe, not only attracts creative minds and visionaries from all over the world, but also offers a diverse economic landscape ranging from start-ups to established companies. The city is home to a dynamic business landscape with over 600,000 companies in various sectors. Berlin’s gross domestic product (GDP) amounts to around 160 billion euros and is on an upward trend, indicating the city’s steady economic development. Office space in Berlin exceeds the 20 million square meter mark and offers space for a variety of businesses, offices and creative workspaces.
Despite Berlin’s thriving economic landscape, some sectors are facing challenges that require restructuring and transformation. In particular, traditional industries such as the automotive sector and parts of the retail trade are undergoing changes due to the increasing focus on sustainability and digitalization. The needs of the changing work environment and the increasing demand for innovative solutions in areas such as energy and logistics also call for adjustments and restructuring.
In light of these challenges, the role of restructuring advisors in Berlin is of great importance. They support companies in Berlin in adapting to the new market conditions and transforming their business models. Berlin remains a dynamic hub for business and innovation, offering room for growth and further development despite the challenges. Restructuring is becoming a key element in strengthening the competitiveness and future orientation of Berlin’s economy.
Insolvencies in Berlin
In recent years, Berlin has recorded a slightly higher insolvency rate compared to the national average. While the exact figures vary annually depending on the economic situation, the insolvency rate in Berlin has averaged around 75 to 85 insolvencies per 10,000 companies in recent years. The national average for the same period was around 50 to 60 insolvencies per 10,000 companies.
In 2019, for example, around 1,382 insolvency applications were filed, while the number fell to around 1,252 insolvencies in 2022. Within this period, there was also a considerable number of insolvency applications rejected for lack of assets, meaning that companies did not have sufficient assets to go through formal insolvency proceedings.
The reasons for the comparatively high frequency of insolvencies in Berlin are complex. Although the capital city attracts a large number of companies, particularly start-ups and innovative firms, it is also affected by certain economic challenges. Sectors such as retail and gastronomy have had to deal with specific difficulties that have been influenced by changing consumer habits, the digital transformation and, last but not least, the effects of the pandemic. In addition, the frequency of insolvencies among start-ups is higher than the figures for traditional SMEs.
Also affected were sectors such as construction and services, which had to restructure and adapt due to changing market conditions.
Berlin corporate insolvencies in 2022 – annual total – regional depth: districts and cities in crisis
The insolvency situation in Berlin highlights the need for companies to adapt to changing market conditions and develop robust crisis management strategies. In addition, the support of restructuring advisors and experts is of great importance in such times to help companies realign themselves and develop long-term solutions.
Restructuringadvisors in Berlin
TMA Deutschland e.V. is one of the largest associations in the field of turnaround management in Germany. The association has set itself the goal of providing support in the field of corporate restructuring and reorganization as well as corporate insolvencies in the Federal Republic of Germany and promoting international cooperation between its members and their further training. Approximately 7% of TMA members are based in Berlin.
TMA (Turnaround Management Association) members in Düsseldorf
| Cities | TMA members | Anteil |
| Munich | 92 | 23% |
| Frankfurt am Main | 84 | 21% |
| Düsseldorf | 41 | 10% |
| Hamburg | 41 | 10% |
| Berlin | 29 | 7% |
| Stuttgart | 14 | 4% |
| Cologne | 11 | 3% |
| Ca 50 other cities | 85 | 21% |
| Total | 397 | 100% |
In addition to the restructuringadvisors of Turnaround Management Partners, numerous other renowned restructuringadvisors are active in Berlin. This includes both pure reorganization and restructuring advisors (e.g. Alvarez & Marsal) as well as auditing firms with a restructuring department (e.g. PwC Business Recovery Services) or traditional management advisors with a restructuring department (e.g. BCG – The Boston advisory Group).</span
| List of restructuringadvisors Berlin |
Location Berlin |
| Turnaround Management Partners | Yes |
| Alvarez & Marsal | Yes |
| BCG – The Boston advisory Group | Yes |
| Roland Berger | Yes |
| Accenture | Yes |
| advyce | Yes |
| Bain & Company | Yes |
| Deloitte advisory | Yes |
| Ebner Stolz | Yes |
| enomyc | Yes |
| EY | Yes |
| FalkenSteg | Yes |
| Horváth | Yes |
| Kearney | Yes |
| KPMG Advisory | Yes |
| McKinsey & Company | Yes |
| Oliver Wyman | Yes |
| PricewaterhouseCoopers (PwC) | Yes |
| Strategy& | Yes |
| TMC Turnaround Management Consult | Yes |
The above list of restructuringadvisors in Berlin is not exhaustive. The list is based on analyses by Brandeins from 2022 and Turnaround Management Partners’ own research. advisors that are not in Berlin were not included in the list of restructuring advisors. Legal advisors and law firms were not included in the analysis. The order of the list is arbitrary.
Are you missing a well-known consultancy with a restructuring department/reorganization focus or a location in the List of restructuringadvisors”?
Conclusion: Restructuring Advisory in Berlin
The diversity of industries represented in Berlin has also led to a broad range of advisory firms based in the city, many of which specialise in specific sectors or situations — just as Turnaround Management Partners in Berlin focuses on crisis situations and corporate restructuring.
Insolvency rates in Berlin are slightly above the national average, indicating an increased need for restructuring. Nevertheless, Berlin remains an important economic hub and a centre for innovation and creativity.
The city offers ample opportunities for entrepreneurship and growth, while at the same time the development and implementation of robust business strategies and crisis management solutions are becoming increasingly important.
The Restructuring Cities Guide by Turnaround Management Partners sheds light on the situation of reorganization and restructuring advisors in Germany based on the largest cities in the Federal Republic.
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