AUSTRALIA
Company
We offer company debt solutions to support businesses facing financial challenges, providing expert guidance and customised strategies to help them overcome debt-related hurdles and achieve financial stability. Our dedicated approach aims to alleviate the burden of debt, allowing companies to focus on their core operations and create a solid financial foundation for sustained growth and success. With a customer-centric approach, we prioritise transparency, integrity, and holistic support, aiming to build trust and guide clients towards lasting financial well-being.
Corporate Structuring
It's Generational....... Too often Directors have not been given the best advice when it comes to setting up a structure that allows you to trade your business and have the peace of mind that the assets you've worked so hard for are protected.
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Do you have a coherent and efficient organisation that maximises productivity, facilitates growth and allows for effective decision-making and communication? If not, then we can assist! Let us help design and organise the internal framework and hierarchy of your business, including defining the relationship between different parts of the organisation, establishing roles and responsibilities.
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Working with our legal partners, we will ensure that your business, trust structures and assets are protected. We understand lending requirements that banks need and with this knowledge, will ensure that a purpose built asset protection structure is optimised for your business and your family.
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Business Turnaround
A successful business turnaround requires a well-thought-out plan, commitment from all stakeholders, and a willingness to make tough decisions. It may take time, effort, and patience, but with the right approach, a struggling business can be transformed into a thriving and profitable one.
DSA is the perfect solution to help your business get back on track. We can help you improve your business efficiency, optimize resources, and adapt to new challenges. Our tailored services will help your business become more resilient and competitive now and into the future.
Small Business Restructure
A Small Business Restructure (“SBR”) permits Directors to retain control of the business while a restructuring plan is developed over the 20-business-day period following commencement by a SBR practitioner.
This is a government introduced initiative to help support small businesses go through a structured negotiation with creditors where total liabilities are less than $1 million There are requirements you have to meet to qualify such as employee super payments 'up to date' and no related creditors participating in the distribution (things we can explain) but the goal is that this process helps businesses have an alternate solution.
The directors continue to remain in control of the business whilst pre-appointment creditors are temporarily put on hold, whilst we assist you with proposing a go forward plan. If the proposed plan to compromise and reduce the company debt is accepted by the majority who vote on it (and once all payments under the plan are complete), the company is released from all creditor debts that were subject to the plan. A solution that is not an administration or liquidation but will see your business find a path quicker, cheaper and easier than alternate options available.
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Data released by the ASIC indicates that 92% of proposed restructuring plans sent to creditors were approved with 66% of companies that implemented a restructuring plan appearing to continue operating as a going concern, evidence that an SBR may be a valuable solution for your business where otherwise it may have ceased trading.
Administration
If you're having to put payment plans in place with creditors, can't pay the Australia Tax Office or other bills when they fall due, you might find yourself in a situation where your company may need to enter administration.
It's crucial to seek guidance from a qualified trusted business advisor with expertise in restructuring and insolvency matters. We can help you understand the available options and guide you through the process. Too often business owners leave it too long, hide their head in the sand, or just feel paralysed, doing nothing just creates a noose for their business necks. This often ends up with statutory demands and the Tax office issuing DPN's which makes the Director personally liable for the company debts putting their house and personal assets on the line. You will not regret having DSA walk this journey with you.
Liquidation
The Liquidation process can be complex. If you find yourself considering liquidation for your company, it is crucial to seek legal and financial advice which we can introduce you to because we specialises in this area. Our team can guide you through the process and help ensure that all legal requirements are met while protecting your interests as a Director.
We will speak with creditors and stakeholders if required and can map out the best possible path if you are in a position where it's all become too much. Do not continue to trade your business if you are insolvent (not being able to pay your debts when they fall due). The consequences can be severe and you can become personally responsible for company debts, and subject to claims by the liquidator and we see too many people lose personal assets because they haven't put their hand up earlier enough to get help to solve the business debt problems.
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Reach out, we are only a phone call away and will provide you with sound and honest advice that will help you preserve the assets you've worked the hardest for.
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A creditors voluntary liquidation requires that the company is insolvent but despite its title, cannot be initiated by creditors. A creditors voluntary liquidation is initiated when the members of the company resolve, by special resolution, that the company be wound up following the Director(s) determining that the company is insolvent and should be wound up
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