Protect Against Business Failure
Strategic business turnaround management:
- Crisis stabilisation
- Renewed Focus on Leadership & Top Management
- Stakeholder Management
- Re-invigorating Strategic Focus
- Streamlining Operations & Processes
- Business Development & Change
- Financial Restructuring, Budgeting & Forecasting
Governance & Stakeholder Advisory for Business Ventures & Start-ups
New business ventures and start ups have a statistically high rate of failure and require careful monitoring in their early years. We provide strategic business advisory services, adopting a supervisory yet collaborative methodology to protect stakeholders, lenders and directors.
Safe Harbour provides personal liability protection for directors from insolvent trading liability. It is not an insolvency regime so is not made public and there is no court involvement. Safe Harbour is a powerful tool for monitoring the long term strategic focus of a business.
Directors can retain control of a financially distressed company by taking reasonable steps to trade out of difficulties. Safe Harbour was introduced in 2017 to encourage entrepreneurship, innovation and risk.
Interim Management, Negotiations and Informal Workouts
Disruption can have catastrophic consequences for businesses. In times of crisis, external specialist advice must be sought to protect against failure and personal liability. With a track record in business turnaround and renewal, we confidently tackle the multiple and complex issues that present in times of crisis and uncertainty.
Australia Embraces a 'Rescue Culture'
The corporate insolvency landscape is changing.
While the numbers of formal insolvency appointments have not increased dramatically since the Global Financial Crisis, the dialogue surrounding financial distress and the methods to address it have moved away from formal insolvency appointments to restructuring and turnaround before financial distress becomes insolvency.
Insolvency proceedings, such as receivership, liquidation and even voluntary administration (which has a stated purpose of trying to save businesses) carry a stigma of failure, which makes trading on as a business more difficult and reduces creditor confidence in the potential to save the business through a formal restructuring.
Jason Harris. Class warfare in debt restructuring: Does Australia need cross-class cram down for creditors' schemes of arrangement? [online]. University of Queensland Law Journal, The, Vol. 36, No. 1, 2017: 73-97.
Take action & make contact
If you are in need of advice regarding your business, please contact us ASAP for a free confidential consultation.