Tag: hospitality

Preparing for liquidation

Liquidation Liquidation is the process of winding up a company and bringing the business to an end. Liquidation typically occurs when a company is insolvent. When a company is placed into liquidation, a liquidator is appointed. The liquidator’s role is to protect the assets of the company, realise the assets of the company, investigate the […]

Cash-Flow Management and the Health of a Business

Here at C&D we deal with businesses of all shapes and sizes. Many of the issues these businesses face can come down to one crucial facet within their operation: cash flow management. If you are a start-up, we understand the excitement involved with getting your business up and running and growing your sales. You are […]

Pre-Christmas Planning

Each year the team notices an uptick in businesses suffering financial difficulties prior to the Christmas break. For some businesses there is an attempt to hold on, to try and see if the new year will bring the necessary change to be able to break a financial problem. If your business is under pressure, now (and […]

Using your super for business

Can I borrow against my Super to buy or support my business? Unfortunately the answer is probably ‘No’. Super funds pay a discounted/concessional rate of tax on earnings (15%). To keep getting the discounted rate they have to comply with Superannuation legislation. One of the rules is that the ‘sole purpose’ for the fund is […]

Communicating with staff during a restructure

Staff are the most important part of your business and communicating with them during the period of a restructure can make or break the business. If there are going to be redundancies or terminations this should be something that is communicated early to allow staff to look for alternative options.

Rural motels and the decline of asset values

We have focused on late on the accommodation marketing in country towns and what is appearing to be a rapid decline in the value of these assets. Some of the core indicators that things are going bad are: Number of premises for sale Room rates are not increasing Failure or disappearing large chains Quality of […]

But my Credit Rating!!?!

In dealing with your financial position there is often a concern over your existing credit rating and what the impact of a restructure will be. We recently assisted a business owner that had a judgement as well as four default listings for the business and was on the precipice of bankruptcy, the concern was being […]

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, […]

My landlord has reduced access

Recently there has been wide press about the impact for businesses when road works are being undertaken or where the patronage of a centre declines through external or internal factors. We recently assisted a business that was on an upper floor of a premises. A larger tenant had shut down in the prior year and […]