Australia

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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Restructuring Experience​ Specialists

Latest insights from our Restructuring & Insolvency team

Business distress indicators and how to identify them
19 May 2022 | Minutes to read: 5

Business distress indicators and how to identify them

When it comes to assessing business distress and a company’s insolvency risk, there are two approaches: the...
Thousands of Director Penalty Notices issued in ATO debt collection activities
13 April 2022 | Minutes to read: 2

Thousands of Director Penalty Notices issued in ATO debt collection activities

Following a relatively quiet period during the COVID-19 pandemic, the Australian Taxation Office (ATO) has resumed its...
Are you ready to apply for your Director Identification Number?
6 April 2022 | Minutes to read: 2

Are you ready to apply for your Director Identification Number?

Effective 1 November 2021, all directors of registered bodies are required to obtain a Director Identification Number...
Exit smart by using a solvent winding up
23 March 2022 | Minutes to read: 4

Exit smart by using a solvent winding up

When a company’s life cycle has run its course and the corporate entity is no longer required,...
Canberra to consult on the treatment of corporate trusts under insolvency law
24 November 2021 | Minutes to read: 2

Canberra to consult on the treatment of corporate trusts under insolvency law

Australia’s current insolvency law does not clearly address the treatment of corporate trusts which are commonly used...
Directors beware – or face potential criminal charges and ASIC banning orders
11 November 2021 | Minutes to read: 3

Directors beware – or face potential criminal charges and ASIC banning orders

In a strong warning to company directors over the past four weeks, Australia’s corporate watchdog has issued...

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