Australia

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

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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