Restructuring, Turnaround and Insolvency Specialists

Turnaround Advisory / Litigation Support & Forensic Accounting

Turnaround Advisory

To assist our clients in their time of need, Brooke Bird draws on its insolvency and turnaround management experience to work with them and their advisors to identify the key triggers of stress and the operations core to their business. Being able to quickly identify these drivers of both distress and success, this collaborative approach can assist in the formulation, implementation and monitoring of a plan to restore profitability and regain the trust of its stakeholders.

Through our regular contact with the Asset Management teams in many of Australia’s banks, we can assist clients in understanding the key concerns of their bankers when the business is underperforming and can work collaboratively to minimise the likelihood of a receivership appointment occurring. When a business is under stress, stakeholder management is a critical aspect to any turnaround plan.

The broad services typically encapsulated in assisting in turnaround include:

  • Examination of the current financial position of the business
  • Identification of the root causes of the business’ problems
  • Assessment of the viability of the business
  • Identification and commentary on the alternatives available to the company to deal with its difficulties
  • Recommendation of an appropriate course of action

 

Litigation Support & Forensic Accounting

Over the years, Brooke Bird have been called upon many times to assist parties involved in litigation identify the true value of the claim and to help facilitate a commercial outcome. This work may be undertaken prior to the commencement of any litigation or once it has begun. To assist the work of legal professionals and their clients, we can provide:

  • Assistance with pre-trial investigations including the interpreting of claims
  • Assistance in responding to questions in court
  • Analysis of other experts’ reports
  • Examination and interpretation of financial reports
  • Writing of expert reports and witness statements
  • Support at mediation and trial proceedings including the provision of expert witness testimony
  • Business, equity and goodwill valuations
  • Economic loss assessments – commercial disputes
  • Family Law – investigations, valuations and single expert reports
  • Financial & Fraud Investigations and Reports
  • Due Diligence Reviews

 

 

Liability limited by a scheme approved under Professional Standards Legislation