Business Turnaround & Restructuring

Voluntary administration

It's do-able to undo, with turnaround experts

Where appropriate and viable, we help turn around a business with deteriorating or susceptible financial positions. A voluntary administration allows directors to collaborate with an insolvency expert to craft a strategy to satisfy the company’s debts. Its aim is to give directors a pathway to address any insolvency issues and, if possible, return to a healthy trading prospect with creditor support.

Background

Restructure to new & changing market conditions

The voluntary administration process is a formal pathway to inform creditors that a restructure of debts/operations is needed. It gives assurance to all stakeholders, internal and external to the business that it will undergo an expert review, analysis, and reporting processes.

Service highlights

Why choose voluntary administration?

Solving the right problems at the right time can be the difference between a business surviving or failing. Our people are trained to identify the right action plan for each unique situation, helping businesses in all industries and business models to pivot out of difficult times where possible, and create viable pathways for the business’s future.

Hit pause

Get a mortarium on creditor action.

Save the business

Trade out of short-term difficulties caused by cash-flow restrictions or one-off financial problems.

Pathway to turnaround

A Deed of Company Arrangement is the next appointment step for viable businesses.

Space to breathe

Protects directors over company debts incurred while restructuring.

Address legacy debt

Restructuring allows legacy debt to be addressed and strategically planned for.

Right-size the business

Restructure business operations to make a profit more efficiently while meeting current market demands, in the current economic environment.

How we help

Difficult business financial situations.

We operate as specialists in a unique sector, dealing with bad debts and distressed businesses and personal finances. We have the tools and framework to lead all parties through choppy seas. Tough situations often mean honest conversations and we will never shy away from the straight talk that insolvency demands.

We're here to help

We speak with people and their advisors every day. We do this as complimentary and without expectation.

Jason Bettles

Principal, Gold Coast, Northern NSW

Jason Bettles

Principal, Gold Coast, Northern NSW

Aaron Lucan

Principal, Western Sydney, Central West

Aaron Lucan

Principal, Western Sydney, Central West

Stephen Hundy

Principal, Canberra, Wollongong

Stephen Hundy

Principal, Canberra, Wollongong

Matthew Kucianksi

Principal, Melbourne, Ringwood

Matthew Kucianksi

Principal, Melbourne, Ringwood

T: 03 9613 5518

F: 03 9613 5599

EMAIL Matthew

Mervyn Kitay

Principal, Perth

Mervyn Kitay

Principal, Perth

Business can be tough

Our team is focused and ready to help

Contact a Principal

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