Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi
Abstract This paper will look at Science Construction PLC and its ability to create an improvement plan to avoid total collapse/ bankruptcy. This paper will layout the case study, what the major problem was regarding financial metrics, what alternatives or solutions could have been used and why it is important to business. Intro- Science Construction PLC (SCPLC) in as organization that supplies development, provisions financing and services to highways, roads, tunnels and viaducts within Istanbul, Ankatam, Ismir, Bursa, and Kocaeli Metro areas (Erer, 2013). During the 2008 financial crisis the organization took a downturn since many organizations stopped making progress with rebuilding their infrastructures and focused on preservation during the crisis. This financial crisis was the biggest ever seen since the great depression and many organizations that were “too big to fail” needed to be bailed out by the governments (Amad