New Zealand

Confidential Client – Restructuring / Safe Harbour Advisor

Appointed as Safe Harbour Advisor to the directors of this struggling retail business with annual revenues of about $100 million. Using our expertise and industry knowledge we assisted the directors to navigate through the Safe Harbour legislation to minimise the directors’ personal liability for insolvent trading.
Concurrently the William Buck Business Advisory team worked with management of the company on the restructure, including assisting with preparation of budgets, cash flow forecasts and a daily 13 week cash flow model, which was used to manage and control purchasing, and accounts payable management.
In addition, the William Buck Corporate Advisory team was approached to explore a sale mandate for the company.

Confidential Client – Restructuring / Safe Harbour Advisor

Appointed as Safe Harbour Advisor to the directors of this national not-for-profit organisation. Using our expertise and knowledge we were able to navigate the directors through the Safe Harbour legislation thereby minimising the directors’ personal liability for insolvent trading. We have continued to work with the board of directors to ensure Safe Harbour protections are in place whilst the medium-term restructuring and workout strategy is implemented.

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