Our advisory staff are qualified accountants that specialise in this niche area. All our advisory team are members of CA, IPA or CPA, and in some cases have reached the highest level of membership (Fellow) within these organisations. 

Services & business workouts

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Difficult Roads Lead to Beautiful Destinations.

With the services we provide, we will assess the specific situation of your business, then carefully consider all the options available. Our services include:

Business Restructures

A legal restructure, complying will all the necessary legislation, can be implemented with professional advice. We ensure that every part of the extensive restructuring process is completed legally so that when reviewed by external parties, it is fully compliant. As ASIC and the ATO have warned, you need to get this advice from qualified accounting professionals that specialise in this area. Our firm is trusted by accounting firms and law firms to manage these engagements on behalf of their clients.

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Managed Closures

Many business owners think that by simply closing the doors of their business all issues are then dealt with and they can move on. This thinking is fraught with danger as there is an extensive list of requirements to be addressed to effectively manage the closure the business no matter how small their business operations may be. The biggest risk in this area is the personal liability the owner of the business may face after the business is closed. Seek our advice prior to taking this step to ensure you are briefed on all the issues that will eventuate.

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Business Turnarounds

If your business is experiencing some form of disruption, is being threatened with legal action, or may be having trouble meeting payments on time to suppliers or other parties, we are here to assist you. We will consider your own specific circumstances and develop a plan to navigate the best path forward. We are experienced accountants that specialise in this unique area only, so we are experts in the field of business turnarounds or business workouts.

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Recapitalisations

It is common to see a business encounter serious financial issues when the business is starved of fresh funding. Often the traditional source of new funding, a loan from a bank or other lender, is not approved when the business enters a transformational stage of their business cycle. This may be due to positive outcomes such as the securing of a large new contract or acquisition of a competitor’s business, or other factors that will ultimately lead to future growth opportunities. However it also may be due to other business issues that require urgent action to avoid financial collapse such as funding for a restructure of their operations, defending a legal claim, or meeting the demands of secured creditors. Our firm is ideally placed to assess your business, develop a plan, and secure funding to fulfil the needs of the business for its continued operations and future growth aspirations.

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Safe Harbour

This legislation has been passed to assist company directors. If the criteria is met with a well documented plan to achieve a course of action that is reasonably likely to lead to a better outcome for the company, company directors can be protected from insolvent trading claims. It is essential to engage an accounting firm with specialist knowledge in this field. Our firm prides itself on critically examining these issues so that we can assist company directors in developing a safe harbour strategy. This may also involve accessing short term capital to alleviate pressing issues and position the business to stabilise its current operations thereby allowing time for the business to implement a revised business model.

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Informal Commercial Negotiations

This approach can often be overlooked. On occasions, some creditors may be attempting to force immediate payment from your business for a variety of reasons. When you have a viable business that is threatened by the actions of a small number of creditors pushing for payment, an informal commercial negotiation with these creditors can lead to a very good result for all parties concerned. This can also a very cost effective solution for your business. We have worked on these issues regularly and have expertise in dealing with trade creditors concerns when we can present a well reasoned plan for their debt to be repaid either through a compromised settlement arrangement based on their limited recourse or specific circumstances, or through the establishment of a commercial payment plan. Having an independent firm assess the position, and then act on your behalf to commence negotiations with these parties on a commercial basis often leads to a successful outcome. Please note however, that we are a not a law firm and if these matters escalate, we will identify the issues and recommend that you engage a law firm as appropriate.

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Voluntary Administration/Deed of Company Arrangement

This process is complex and requires a thorough assessment of the creditor composition and the realisable value of the business including all its assets. In simple summarised terms, when a company enters voluntary administration (known as a VA) it needs to be able to present a Deed of Company Arrangement (referred to as a DOCA) whereby a formal offer is made (known as the Deed Offer) to satisfy creditors debts within the short legislated timeframe. Before the VA option is considered, careful pre-planning needs to be undertaken to ensure that creditors will be in a better position than they would be if the company were placed into liquidation. The VA/DOCA process, whilst complex, is an extremely useful strategy in the correct circumstances to both improve the position of unsecured creditors, and achieve an outcome for company directors that allows the business to continue trading and repays unsecured debts at a discount. Funding for the Deed Offer is also an important factor so our firm is perfectly positioned to access funding as required when a VA/ DOCA is being considered by our clients.

Voluntary Liquidation

Getting the right advice from qualified professionals is vital when considering this option. It is important to get advice from qualified accounting professionals that specialise in this field to ensure the firm you engage is acting for you personally. The complex nature of these appointments can often lead to clients thinking they are receiving personal advice, only to realise later that the firm they have engaged has provided them with a course of action whereby the firm actually acts for the unsecured creditors, not for you personally.

Small Business Restructure (SBR)

The SBR legislation was passed on January 1, 2021. This legislation specifically provides for small companies (total liabilities less than $1m) to restructure their business without the complexity and significant costs associated with a Voluntary Administration. The criteria required to access this process is restrictive, but if a small company meets the criteria, it is a potentially viable option for company directors to pursue. A detailed plan, including cash flow projections, will need to be presented to creditors. As such, a carefully considered project plan, that also considers creditor composition, needs to be evaluated by a specialist advisory firm prior to taking this step. We are available to discuss this option with new clients, and their accountants and legal advisers.

Frequently Asked Questions

Avante Partners is a specialist advisory firm dedicated to providing professional guidance to business owners. Our advisory staff are qualified accountants with memberships in prestigious organizations like CA, IPA or CPA. We provide strategic and practical solutions for businesses facing financial issues or operational disruptions.

We provide a range of business solutions, including Business Workouts, Capital Raisings, and Asset Protection. Our role is to identify options, develop comprehensive plans, and execute these plans to deliver the best possible outcomes for our clients.

Business Workouts involve the assessment of all possible scenarios for your business and evaluating potential outcomes. This process helps to map a clear path forward when dealing with financial distress or other significant issues.

Avante Partners provides access to a variety of funding providers for capital raising purposes. This includes debt, equity, and hybrid funding providers, giving businesses a comprehensive range of options to secure necessary funds.

Yes, Avante Partners provides services that can protect individuals through business structures and registered arrangements. This ensures your assets are secure amidst any business challenges.

No, whilst our advisers are qualified accountants, Avante Partners is a specialist adviser so we do not provide accounting or tax services. However, we collaborate with your accountants and lawyers, as required, to ensure the best outcomes for your specific situation are achieved.
 

If you’re interested in our services, please feel free to get in touch via our ‘Contact Us’ section on our website. We are always ready to assist you in addressing your business needs.

Our advisory staff are all qualified accountants that specialise in this niche area. All our advisory team are members of CA, IPA, or CPA, and some have reached the highest level of membership (Fellow) within these organisations.

No matter how big or small your business, Avante Partners can review your position and provide you with a range of solutions. Our expertise lies in delivering options to company directors encountering financial issues or other significant matters that disrupt their business operations.

You will have the Principal adviser (a qualified accountant) as your primary contact point. Your file will be professionally managed throughout the process, which includes regular reviews from our General Manager to track file progress following your continuing discussions with your Principal adviser.

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