Our team regularly assists businesses in financial distress facing an uncertain future with commercial, financial and strategic advice. We know that a lack of cash flow and poor governance can impact directly on a business’ performance and viability. Businesses facing underperformance and change can benefit from our range of advisory services in difficult times.
Persistent underperformance of a business can lead to financial distress, impacting core business operations and viability. We can help stabilise and restructure businesses to improve performance and value.
When directors face solvency concerns we can assess the Company's current and short-term financial position, identify the risks to all stakeholders and determine the capacity to restructure and trade out of difficulties. If restructure is not possible, we provide a range of formal insolvency services. Similarly, when individuals confront overwhelming debt obligations, we have the compassion and skill to explain and explore all of the personal insolvency options to be considered.
Do you need help determining the solvency of your business?
Start the conversation – Small Business Restructuring
Small Business Restructuring has been available for Australian businesses since 1 January 2021 and in mid-February 2021 we are seeing a slow, but increasing, uptake in adopting the procedure.
Small Business Restructuring Procedure Due to Commence on 1 January 2021
Legislation has now passed bringing into effect the Small Business Restructuring procedure due to commence on 1 January 2021.