INDUSTRIES
We Work Across Most Industries in Australia from Construction to Cleaning, Transport to Tourism, Labour hire to Local Government, Security to Storage.
INDUSTRY OVERVIEW
- Market Size: $44bn
- Number Business: 10,243
- Industry Employment: 55,172 (According to IbisWorld)
- Around 9% of Australia's GDP
- Projected Annual Growth of 2.4% over the next 5 years (According to national industry insights aisc)
- Average wage: $29.87
COMMON INDUSTRY CHALLENGES
- Unions can disrupt productivity
- On site management
- Disputes
- Reworks
- Supply chain issues
- Negative cash flow cycles
- Low margins
- Achieving profitably and growth in a highly competitive market
- Large financial risk with long term liabilities (Insurances that last for 7 years)
INDUSTRY OVERVIEW
- Market Size: $102bn
- Industry Employment: 500,000
- Projected Annual Growth of 2.5% over the next 4 years
- Average wage: $32.04 /hr
- Average education level: Cert 3
COMMON INDUSTRY CHALLENGES
- Asset mis-management.
- Keeping up with technology.
- Regulation and Compliance tightening.
- Short lead times and quick turnarounds.
- Large investments and low margins.
- Very complex logistics.
- Reliability and Tracking.
- Difficult to maintain and increase utilisation rates.
INDUSTRY OVERVIEW
- Market Size: $6bn
- Number of Business: 6,018
- Industry Employment: 60,000
- Projected Annual Growth of 1.6%
- Average wage: $27.78 /hr
- QLD, NSW and VIC account for 78.8% of industry revenue
COMMON INDUSTRY CHALLENGES
- Compliant and Non Compliant companies.
- Complex award rates.
- Liabilities, Insurances and Reporting.
- Staff accountability and track-ability.
- Low Margins.
- Three major operators in this industry account for approximately one fifth of industry revenue.
- Most Security businesses (81.3%) are small, locally operated ones that sub-contract to larger security companies.
Sources: Indeed.com.au, fairwork.com.au, nationalindustryinsights.aisc.net.au
Transforming extreme financial distress into reliable, sustainable profits in $3m to $80m+ turnover businesses.
What Our Clients Say
We were within 7 days of appointing a Liquidator, but Business Turnaround Services turned around our Company and in 5 months we paid all our creditors up to date due to reworking cost structure, delivering strong profits, managing cash flow, and achieving 20%pa growth rate thereby saving my Business. This also saved my marriage.
We had multi-million-dollar ATO debts and unpaid Super, and faced losing our Business, our Houses, and our Careers, but with Business Turnaround Services we now have a highly profitable growing business with $1.5m cash in the bank.
Our Accountants told us to go into liquidation, but instead, Business Turnaround Services turned our Company around achieving strong profits and brought all 120 finance contracts up to date within the first 3 months. Business Turnaround Services went on to increase our business by 300% in 3 years.
We had no work, $1m in ATO, Super, and Supplier debts. Three Insolvency Firms told me to appoint a Liquidator, go Bankrupt and lose my house, but Business Turnaround Services managed our pricing and job costing, so we paid off all creditors within 12 months, Increased our revenue by 300% in 2 years and made a $1.1mil net profit.
My bookkeeper embezzled $600k, I had ATO and Super arrears and my Company was out of control. With Business Turnaround Services my business has trebled in Sales, I now have accurate financial reporting, $2 million in retained earnings and I now have control of my Company!
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In the unpredictable world of business, challenges can arise unexpectedly, and even the most robust companies may find themselves facing extreme financial distress.
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Building your company comes with its own risks. Some companies don’t survive due to issues outside their control resulting in inability to pay their debts. In short, they become insolvent. Here are some practical tips to prevent you from going down the dark road of insolvency.
