Delusions of Recovery or Turnaround

An oft heard statement is “things are just about to turnaround”. For some business owners this is just an attempt to stave off the inevitable or to buy some more time, but for what end? If there is an expectation of things turning around what is the basis for this, we assisted a hospitality owner […]

Max Brenner and retail pressures

Recently Max Brenner appointed an administrator and is now looking to shut the majority of stores and sell the balance, how did it all go wrong and what could be done to protect against it. Rents A fundamental cost for business is keeping the doors open, and your shop is paying rent 24 hours per […]

Experience counts, unless it doesn’t

The development of your business calls into your own experience together with those around you. The more experienced the advisor, the better, right? We recently assisted a family group where the professional advisory team had been in place for over 40 years, they had grown up together as a business colleagues and things started to […]

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 […]

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 […]

Q&A What happens during a restructure?

We are running through some questions and answers today about what actually happens during the restructure process and what to prepare for. How long does it take? Depending upon the situation and what is involved a restructure may be as quick as a week and we have been involved in some that have taken up […]

Storm clouds on the horizon?

As the economy starts to see the signs of distress are there clouds on the horizon of your business? Some of the earlier indicators are the longer it is taking to pay bills, customers are taking longer to pay or you are using personal money in order to pay the debts of the business. There […]

What’s involved in a restructure?

Our first meeting You have either found us through our website or from one of our partners and are probably wondering what is involved in a restructure? If we have chatted with you prior to a meeting, we will have asked a few questions to understand your business and what you issues your business is […]

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 […]