by admin | Aug 31, 2020 | Magazine
Over the last few weeks, we have seen an unprecedented amount of business closures, while businesses that are still operating are facing tougher trading and liquidity conditions. Either sales are slowing and/or cash collections have become more difficult....
by admin | Aug 11, 2020 | Magazine
Most people in business are great at what they do, but when you talk to them about financial figures, they run for the hills. There are ten basic numbers and ratios every business owner just needs to know – and luckily, they are easy and quick. Don’t worry, I’m not...
by admin | Aug 11, 2020 | Magazine
The first step in any successful corporate turnaround is acknowledgement and acceptance that a turnaround process is needed, and that management has the energy and strength to work with a corporate turnaround advisor to make the changes necessary. A few weeks into a...
by admin | Jul 29, 2020 | Magazine
Construction has the highest rate of company insolvency actions of any industry in Australia. When you add in sub-contractors and sole traders, the construction industry accounts for over half of all insolvencies in Australia. The high use of sub-contracting in the...
by admin | Jul 29, 2020 | Magazine
In September 2017, a new piece of legislation known as the Safe Harbour provisions was added to the Corporations Act. Safe Harbour provisions give company directors protection from insolvent trading penalties and an opportunity to pursue strategies that could save...
