Restructuring & Turnaround

Financial distress is common at some point in a business’s life, especially in uncertain times.

Even in good economic conditions, running a business involves risk, and insolvency is a real possibility for many Australian businesses. However, with the right advice at the right time, you can often reduce that risk, protect the value of the business and recover.

On the other hand, problems left unmanaged can quickly become a crisis, leading to liquidation or even personal bankruptcy. For this reason, if your business is in financial difficulty, get advice as early as possible. That way, you can look at every option and act quickly to restructure and turn the business around.

Specialist Restructuring & Turnaround Solutions

Change is hard, and restructuring a business can feel daunting. Still, it may be the best way through a difficult period. Moreover, with the right approach, you can reduce risk, protect value and recover.

First, we analyse how the business is performing and find the root causes of the problem. Then we work out which restructuring options suit your situation and develop a strategy with you. Throughout the process, we explain each step and the issues that come with it.

Voluntary Administration

Voluntary administration gives a company breathing space to work out its future. An independent voluntary administrator takes control of the company, investigates its business and financial affairs, and reports to creditors. Then, at the second creditors’ meeting, creditors decide whether the company returns to the directors, goes into liquidation or enters a deed of company arrangement. See our voluntary administration guide.

Deed Of Company Arrangement (DOCA)

A DOCA follows a voluntary administration. It is a binding arrangement between a company and its creditors that governs how the company’s affairs will be dealt with. As a result, the business can often keep trading as a going concern while it turns its finances around. See our DOCA guide.

Small Business Restructuring Process (SBRP)

The Australian Government introduced small business restructuring to help small businesses in financial distress. In particular, it lets eligible companies with debts of $1 million or less put a restructuring plan to creditors while the directors stay in control. See our SBR guide.

Safe Harbour Restructures

Safe harbour can protect directors from personal liability for insolvent trading while they develop and take a course of action that is reasonably likely to lead to a better outcome for the company than an immediate administration or liquidation. In other words, it encourages directors to get advice early and restructure viable businesses, instead of closing them down too soon.

Why Greengate Advisory

We focus on helping small and medium businesses in Australia through financial difficulty. Our team quickly looks at the restructuring options available and, together with you, puts in place a strategy that considers every stakeholder.

Our team includes registered liquidators, Chartered Accountants, Certified Practising Accountants and ARITA professional members. They have worked on a wide range of restructuring and turnaround appointments for small and medium businesses in Australia, alongside directors, shareholders, creditors, employees and customers. As a result, you receive clear information and recommendations on each option, and a practical strategy for your business.

Getting the right advice early is crucial. In fact, the quality of that advice can change the outcome for your business.

Contact our restructuring team today for a free confidential consultation in Chinese, Korean, English or another Asian language. Acting now can make a real difference to your business’s future.