Navigating the insolvency maze
For small businesses looking at their options the path of insolvency can be one that has many directions and lots of turns. Getting advice is the key, as what may seem the simplest option may actually have unforeseen or unexpected outcomes. Issues such as personal and director liability, cross collateralisation, personal guarantees or aggressive terms […]
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Each week we cover a range of issues that we are seeing in the industry as well as our videos on key topics. Join our mailing list here for more information about what is going on and how the team from C&D can assist you.
Who does the broker work for?
We recently came across a strange situation where we questioned who the broker actually works for when things go awry. The scenario was that our client had borrowed money from a third tier lender, and their business was placed in liquidation, at the same time, the broker proposed a lending package that would cover the […]
Signs of decline in the motel industry – food and bar offering
Over the following few weeks we will be running through what we see as a terminal decline in the motel industry and more specifically in rural areas. As a starting point we are looking at the food and beverage aspect of the motels and the lack of profitability that these aspects of the business. Historically, […]
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Case Study: Promotions Going Awry
The business was a small mechanics shop in a major capital city. They decided to join a daily deal promotion which offered a generic service for 50% of the normal service price. What was the objective? The owner believed that the cut price service would attract new customers, the revenue from the deal would just […]
Step up in garnishee notice activity
Over coffee with a liquidator this week we were confronted with a serious change in policy with respect of garnishee notices and the approach of the ATO. Since the start of the financial year there has been a concerted approach by the Commissioner to reduce revenue leakage and this has meant that there is an […]
Case Study:Working for the bank
Our client owned a number of accommodation properties in Central and Western Queensland, in the proceeding 4 years the turnover on the properties had fallen by 90%, the properties had fallen into disrepair and the future was clearly non-existent. During this period the loan repayments were being made sporadically and the borrower was finding it […]
Facing the waves?
As a small business operator, reaching the end of the working week it is often a wall of water that you are facing as to what the future brings. Sometimes you are the boat in the bar waiting for a break through the waves. Realistically, for some businesses, the waves are going to be too […]
Managing Staff Expectations
We recently were involved in a small business that needed to close down, the staff found out about financial issues when the Director received a wind up notice. The business owner had been dealing with significant financial issues for a number of years and had been constantly struggling to keep the business afloat. Staff were […]
