Business Turnaround – Size Doesn’t Matter
Overview
How a formal restructure can save a business, no matter what size.
Businesses come in all sizes. As advisors, most of your clients probably fall into both the SME and large business categories, as does the Worrells portfolio of business insolvencies. Sometimes an appointment comes along that seemingly breaks the mould, but really, its pieces reveal the same framework and dynamic of many vulnerable small-to-medium and large businesses.
Join us to hear about how the voluntary administration process was successful in turning around a national business in a remarkable three-month period. We’ll share which components of this business needed to be restructured and why, while giving examples of other businesses that have the same obstacles and therefore opportunities to navigate out of insolvency challenges.
Attendees will gain the insight needed to see a potential problem and the knowledge of how to respond as advisors—regardless of its scale. In matters of insolvency, size truly does not matter.
Webinar Learning Outcomes:
- A definition of the term ‘restructuring’.
- Options available for restructuring a business including safe harbour and business turnaround; phoenixing a business; and voluntary administration.
- How a voluntary administration works and when it can be used.
- Who can appoint a voluntary administrator, a summary of a voluntary administrators duties and the powers that come with the appointment.
- The options available to creditors in a voluntary administration.
- A working understanding of how the restructuring process works for a large business including the circumstances of appointment, the actions taken by administrators and the outcomes achieved.
- A working understanding of how the restructuring process works for a small, family owned business including the circumstances of appointment, the actions taken by administrators and the outcomes achieved.
Suited to:
- Professional advisors including accountants and solicitors as well as directors and business owners.
- Directed at businesses within the SME space.
- Content is Introductory to Intermediate.
You will also be provided with:
- The PowerPoint Presentation Slide deck
- A Searchable Transcript
- Any Supporting Documentation
Course syllabus
3 lessons
- Business Turnaround – Size Doesn’t MatterVideo
- FeedbackSurvey
- Knowledge QuizTest
Your presenter
Andrew Blundell – Registered liquidator and Partner in the Sydney Worrells officeWorrells Solvency & Forensic Accountants
In addition to 13 years’ experience in Insolvency and Corporate Advisory, Andrew spent 5 years in the United States in both management and public practice accounting roles. He holds a Bachelor’s degree in Accounting and Marketing from the University of Western Sydney, a Diploma in Advanced Insolvency Law from the University of Southern Queensland, has completed the CPA Australia Program and is a full member of the Australian Restructuring, Insolvency and Turnaround Association (ARITA), Institute of Professional Accountants and of CPA Australia.