Crisis Management and Fortification

Disruptive and unexpected events can be catastrophic for businesses, their owners and senior management if not adequately managed. Prevention strategies require business fortification followed by transformation to prevent recurrence.

Operational Restructuring and Turnaround

We specialise in operational and financial restructuring and turnaround. Incorporating leadership and change management, we take a holistic approach. We can also provide short notice interim management in times of crisis.

Negotiations and Informal Workouts

Informal Workouts include negotiations with creditors to achieve a mutually beneficial outcome and protect against business failure. We also advise on the practical application of Safe Harbour protection from insolvent trading personal liability (conditions apply).

restructuring and turnaround

Restructuring and Turnaround

We advise on all aspects of restructuring and turnaround:

  1. Crisis stabilisation
  2. Renewed Focus on Leadership & Top Management
  3. Stakeholder Management
  4. Re-invigorating Strategic Focus
  5. Streamlining Operations & Processes
  6. Business Development & Change
  7. Financial Restructuring, Budgeting & Forecasting

Informal Workouts, Stakeholder Management and Safe Harbour Protection for Directors

Informal Workouts operate outside of formal insolvency regimes; such as liquidation and bankruptcy. Examples include negotiations, recapitalisation, debt agreements and payment plans - designed to maintain a businesses reputation by preserving goodwill.

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.

Directors can retain control of a financially distressed company by taking reasonable steps to trade out of difficulties. Safe Harbour was introduced to encourage entrepreneurship, innovation and risk.

organisational development

Crisis Management, Business Fortification and Transformation

Risk management and decision making is becoming more challenging. In a crisis, businesses should seek external specialist advice to protect against failure and liability. With a track record in business fortification, transformation 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.