Company Eight – Registered Club

OVERVIEW FRAUD – TURNAROUND – PERFORMANCE OF BOARD & MANAGEMENT –LEADERSHIP – SECURED CREDITOR COMPLIANCE – INTERNAL CONTROLS A factor that shows up in just about every report on the underlying reasons for business failure is, put politely the “short comings of management ability.” In referring to management it is normally a reference in this … Continued

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Company Seven – Construction Business

OVERVIEW ADMINISTRATION – POOR MANAGEMENT – LACK OF CONTROL – TAXATION – TRADE ON – SECURING ASSETS – INSUFFICIENT FUNDS – SALE OF BUSINESS Building Company was an incorporated entity that had been established to essentially provide glazing services including the installation of windows and doors to the Construction Industry. The operators had traditionally been … Continued

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Company Six – National Landscaping Business

OVERVIEW ADMINISTRATION – TRADE ON – CASH FLOW MANAGEMENT – RISK MANAGEMENT – CREDITOR RELATIONSHIPS – COMMERCIAL DECISIONS – TRADE OUT OPTION – LIQUIDATION – SALE OF BUSINESS – ASSET REALISATION MANAGEMENT – DISTRIBUTION Company Six operated a Landscaping and Ecological Restoration business for approximately 12 years prior to it running into financial difficulty ultimately … Continued

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Company Five – Registered Club

OVERVIEW PROVISIONAL LIQUIDATION – TRADE ON – TERMINATION OF BOARD – TRANSFER TO VOLUNTARY ADMINISTRATION – LEADERSHIP – FRAUD. One frequent but not so common reason for corporate failure is fraud. Fraud levels in the Australian business scene are unfortunately quite high in number but much of this is at levels that allow the business … Continued

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Company Four – Franchise Food Outlets

OVERVIEW ADMINISTRATION – FAMILY BREAKDOWN – FRANCHISING – POOR BUSINESS SELECTION – LACK OF CONTROL – INADEQUATE BUSINESS PREPARATION AND INVESTIGATION – POOR STRUCTURING Company Four had been formed by its owners to operate a number of franchised food outlets from two different franchises operated by the one Franchisor Group. Two of the stores were … Continued

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Company Three – Indoor Sports Centre

OVERVIEW REPLACEMENT ADMINISTRATORS – TRADING ON – SHAREHOLDER DISPUTES – BUSINESS VALUATION – KEY ASSET IDENTIFICATION – LIQUIDATION – LOAN ACCOUNT RECONCILIATION Company Three operated as an Indoor Sports Centre for approximately eight years prior to the appointment of the original Administrators. Some five years earlier a new Director and shareholder had been appointed to … Continued

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Company Two – Automotive Retailer

OVERVIEW   MOTOR TRADE – FLOOR PLAN FUNDING – ADMINISTRATION – FRAUD – TRADING ON – POSITIVE RESULT – KEY NEGOTIATION REQUIREMENTS Following advice that Company Two had received from their solicitors the Directors had been instructed to place the Company into Administration. Company Two had commenced operating some five years earlier as a Used … Continued

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