RSM Australia

Business restructuring and turnaround

RSM have a range of business restructuring and turnaround services to assist secured lenders when their clients are facing financial difficulties.At RSM, we have a range of business restructuring and turnaround services to assist secured lenders when their clients are facing financial difficulties.

Investigative accountant reports
Our investigative accountant reports are specifically tailored to meet the needs of secured lenders:

  • investigative accountant reports assist lenders to establish the financial position of a client, or future client, with the underlying purpose of assessing risk and recommending risk minimisation strategiesBusiness restructuring services to assist secured lenders
  • this service provides an independent assessment of your client’s (or prospective client’s) current financial position and likely future trading prospects

Monitoring appointments/workouts

 

We are able to assist in monitoring appointments for a secured lender’s client

These appointments are tailored to the needs of the secured lender and may include:

  • discussing the current status and future prospects with the company’s director
  • evaluate the current strategies in place to repay the lender
  • explain the options available to the lender
  • provide the lender with a report summarising the findings and options available

We also offer solutions for directors to assist with business restructuring.

Members voluntary liquidation

A restructure of a group of companies may involve the winding up of solvent entities within the group to simplify the group’s structure. 

A member’s voluntary liquidation is often the most effective way to close down a company.

We have the specialist expertise in both liquidation and tax advisory to assist in the solvent winding up of a company and can provide advice on the best strategy to suit your needs.

There are a number of business restructuring and turnaround services available to suit your individual needs. Contact us to find out the best strategy for you.

Sign up for an Asset Protection event near you

Imagine losing all of your assets in one fell swoop – house, cars, savings… the lot. Insurance can never protect against every scenario, but asset protection can try. 

Directors now immediately liable for overdue superannuation amounts

From April 1st 2019, directors may be held personally liable for overdue superannuation from the moment it becomes overdue.

RSM expands Restructuring & Recovery division into Queensland

RSM Australia has announced the expansion of its Queensland operations to include a Restructuring and Recovery practice, led by Mitchell Herrett.

Directors and creditors take note: Changes to the claw-back rules

In a liquidation, a liquidator has the right to take back property or money that the debtor improperly gave away before the liquidator was appointed.

Insolvency: What does it really mean?

Most directors should be aware that they may be made personally liable for any unpaid debt their company incurs while it is insolvent. In February’s newsletter, we gave an introduction to insolvency as well as some tips on how to avoid it.

Insolvent Trading: What it is and how to avoid it

To remain viable, any company needs to ensure that it is able to meet its debts when they are due, and to allow enough working capital for future financial obligations. Once a company can not pay its debts as and when they fall due, it is said to be insolvent.

Liquidity a problem? Give your business a health check

Check the financial health of your business with a Liquidity Health Check!

Protecting your Assets – the PPSR is (most likely) for you!

The Personal Property Securities Register (PPSR) has been in operation since 30 January 2012, yet many businesses continue to be ignorant of the PPSR by not understanding the nature of their agreement with customers, failing to register or registering incorrectly.
The future looks bright for Leeton Soldiers’ Club following the recent payments to its creditors

Leeton Soldiers' Club pays off creditors

The future looks bright for Leeton Soldiers’ Club following the recent payments to its creditors as facilitated by the agreement with the Club’s Administrators and the implementation of the necessary governance, capital and operational improvements to safeguard its future.

Untrustworthy advisers exploit unsuspecting directors

Our August Newsletter ('Phoenix Rising: ASIC Keeps Eagle Eye on Professional Adviser') noted ASIC’s prosecution of a business adviser who assisted a director to breach his statutory duties.

How SMEs can reverse their exposure to insolvency risk

Renewed interest by the ATO in recovering outstanding debt serves as a wake-up call for countless Australian companies that only manage to continue trading with insufficient cash flow due to a benign interest rate environment and by not complying with debt obligations.

Resources Slowdown – coming to a business near you

We are reminded daily of the effects of declining investment in mining construction and the collapse in commodity prices on the Australian economy.

Insolvency reform edition 3 - January 2016

The ugly duckling and the swan

Secured creditor’s right of subrogation confirmed

A recent decision in the Federal Court has confirmed that when a secured creditor has paid outstanding employee entitlements from the realisation of circulating assets, they have the right to subrogate into the position of employees and receive any dividends paid.

Insolvency reform edition 1 - November 2015

Chapter 11 for Australia? Innovation Minister Christopher Pyne has declared changes to insolvency laws will be part of the innovation statement expected to be released by the government next month. It is claimed business groups have lobbied the government to move Australian insolvency laws more toward the US model.

Challenging times in the not-for-profit sector

Increased costs of compliance, changing government priorities, high administration costs are just some of the challenges which are being faced by the not-for-profit sector.

ATO more aggressive in winding up businesses owing 100K+

Businesses owing the ATO $100,000 have been wound up as a new crackdown gathers momentum. This indicates a clear change of focus and increased enforcement for the ATO and the message is clear - get a payment plan in place ASAP, or face a real risk of being wound up.

How to avoid becoming a zombie company

Like the traditional walking dead, zombie companies wander aimlessly and unsteadily, not quite alive but still moving.