Knowledge Centre

Every second day there is an article written about another corporate collapse in Australia, or the increase in the...

Mann Gulch, a remote and rugged area in the Montana wilderness, may seem like an unlikely place to draw lessons for...

The financial woes of the construction industry in Australia are getting a fair amount of media attention at the...

One of the best bankruptcy quotes is from Ernest Hemingway’s book ‘The Sun Also Rises’.  Mike is bankrupt and Bill...

To know what to expect from a turnaround specialist, it is useful to understand what a turnaround is, and what a turnaround specialist does. A turnaround is everyday management, but it involves managing the process of rescuing a company in serious decline which will fail in the foreseeable future with no corrective action. Turnaround specialists […]

What does a business restructure mean? A corporate or business restructuring is the process of reorganising one or more aspects of a business to increase its efficiency and profitability. Restructuring is an umbrella term that encompasses four distinct groups of activities: ● Expansion ● Contraction ● Financial Restructuring ● Organisational Restructuring What are the objectives […]

In Australia, company restructuring engagements are a relatively fresh approach to preserving and improving business operations, particularly for small to medium businesses. Restructuring a company involves reorganising one or more aspects of the business to increase its efficiency and profitability. Restructuring is an umbrella term that encompasses four distinct groups of activities: […]

What does Safe Harbour Insolvency mean? Safe Harbour allows directors to take reasonable steps to trade the company out of financial difficulty without concerns about personal liability, or unnecessary effects to the potential value of the company by prematurely appointing a voluntary administrator. It is a strategy where the directors remain in control and the […]

In Part 1, I outlined the 10 financial figures and ratios, how to compute them and what they show. However, to make the most of this information you must understand what the information is telling you and how to apply this information in your business. The 10 figures and ratios were grouped into three types […]

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. Consequently, a lot of companies will endure, or will face, insolvency. So, how can the risk of […]