Company Turnarounds

Our main focus is to provide efficient low cost turnaround solutions to companies experiencing financial stress under either the voluntary administration process or the small business debt restructuring process. The voluntary administration process provides for the business, property and affairs of an insolvent company to be administered in a way that:

(a) maximises the chances of the company, or as much as possible of its business, continuing in existence; or

(b) if it is not possible for the company or its business to continue in existence – results in a better return for the company’s creditors and members than would result from an immediate winding up of the company.

The Voluntary Administrator, who is most commonly appointed by the board of directors, takes immediate control of the company’s assets and operations. The Administrator will quickly analyse available information about the business of the company and assess whether the business is a going concern. The Administrator amongst other things works closely with directors, assisting them in formulating a proposal by way of a Deed of Company Arrangement that the Administrator recommends to creditors as an alternative to the company being wound up or the administration ending. Creditors decide the company’s future at a meeting convened under section 439A of the Corporations Act 2001.

The small business debt restructuring process is only available to companies with total liabilities not exceeding $1 million. This process allows financially distressed small businesses to access a single, streamlined process to restructure their debts whilst allowing the directors to remain in control of their business.

The company appoints a small business restructuring practitioner who works closely with the directors to develop a plan to restructure the company’s debts. If the plan is approved by creditors, the company continues its business and the restructuring practitioner administers the plan.

The professional team at A2Z Insolvency Solutions has extensive experience in providing commercially viable turnaround solutions to companies, both large and small, who are experiencing financial stress. This experience extends across a broad range of business and industry sectors including retail, manufacturing, construction, hospitality, business services, information technology, engineering, clean energy, mining resources and agriculture.

We would welcome the opportunity of being able to assist you or your clients in providing company turnaround solutions.

All pre-appointment advice including initial phone discussions and meetings are confidential and free of charge.