When a business is underperforming, Brooke Bird can assist in formulating, implementing and monitoring a plan to restore profitability and regain the trust of stakeholders by identifying the drivers of both success and distress.
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.
We do this by examining the business’s current financial position, identifying the causes of the business’s problems, assessing the viability of the business and making recommendations based on the options the business has moving forward. This process can also provide directors with statutory protection from insolvent trading, known as Safe Harbour.
The Partners of Brooke Bird are members of the Australian Restructuring Insolvency & Turnaround Association.
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