Debt doesn't have to be the nail in the coffin for your business.
Business Turnaround Services are experts in negotiating with creditors, the ATO and financiers. We work with your business to provide a win - win solution for all parties involved. Business Turnaround Services supports these negotiations by restructuring your cost structure, organising and managing your cash flow, and providing appropriate Key Performance Indicator (KPI) reporting, supported with the appropriate financing and ongoing management support.
How does Business Turnaround Services do it?
Business Turnaround Services partners with your business to make arrangements with financiers, ATO and creditors. We also provide timely advice in cases of a Creditors Statutory Demand, Directors Penalty Notice (DPN), and unpaid GST, PAYG and superannuation. Our support will provide ongoing reporting to the appropriate organisations as required.
Formal Insolvency Arrangements
Occasionally, a formal insolvency arrangement is required as a last resort to enable preservation of your core business, albeit, in a new entity.
We are not insolvency practitioners, but we do have relationships with trustworthy insolvency firms whereby we can work with you to take your core business into a long-term successful future by restructuring your corporate structure, balance sheet and cost structure along with ongoing monitoring and management of your business.