Confidential Client – Construction – Solvency Review

Appointed by the directors to undertake a solvency review of a large construction company. The directors were concerned that management was having significant difficulties in accurately forecasting cash flow, which was problematic for the company’s ability to set strategic targets and improve growth, and which raised the prospect that the company may be trading whilst insolvent. Our review concluded that the company was solvent. In addition, we provided recommendations to improve the finance function to enhance the cash flow forecasting process.

Confidential Client – Software Technology – Solvency Review

Appointed by the major shareholder and directors of this Software Technology company to undertake a solvency review of the company, as the directors were concerned that they may be exposed to personal liability if the company was trading whilst insolvent. Based on our report, which determined that the company was solvent at that time, the directors proceeded to trade the company while exploring a sale of the business.

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Solvency Reviews Experience​ Specialists

Latest insights from our Restructuring & Insolvency team

20 October 2021 | Minutes to read: 3

ARITA’s recommendations to the government’s safe harbour review panel

In response to Treasurer Frydenberg’s announcement in May of the government’s intentions to reform Australia’s insolvency framework...
23 August 2021 | Minutes to read: 5

How to detect and prevent employee fraud in the ‘new normal’

This article is authored by Cameron Johnstone, Dominic Molluso and Sean Wengel. Employee fraud is all too...
10 February 2021 | Minutes to read: 2

ASIC bans send warning to directors

The first few weeks of February 2021 saw the Australian Securities and Investments Commission (ASIC) disqualify three...
19 January 2021 | Minutes to read: 3

New process gives struggling business’s a chance at survival

Reforms to Australia’s insolvency framework have now taken effect for eligible businesses with liabilities of less than...
24 September 2020 | Minutes to read: < 1

Canberra announces huge reforms to insolvency laws – here’s what we expect

Canberra has announced the most significant reforms to insolvency laws in decades, applicable for companies with debts...
10 June 2020 | Minutes to read: 2

William Buck Restructuring & Insolvency completes sale of MyHouse retail business

Michael Brereton and Sean Wengel, the administrators of MyHouse, have successfully completed the sale of the MyHouse...

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