WHOLESALER TURNAROUND

Wholesaler fell into significant financial problems and major losses due to external factors and poor internal management decisions. We identified some issues and contacted the owner, subsequently unravelling the extent of the problems. 
We worked closely with the owner and other advisers, working out a sustainable budget, restructuring the business including embarking on significant diversification activities. 

Outcome: Financial issues worked through, profitable business and has experienced significant continual growth ever since. Continue to work closely with the owner and management.

SERVICE INDUSTRY TURNAROUND

Client suffered heavy losses in the post GFC period, with market downturns throughout their industry. Worked closely to establish a sustainable business model, identified and removed unnecessary costs to retain workforce. This included a significant premises negotiation which culminated in a significantly improved, contemporary space at a lower cost per month. 

Outcome: Business returned to healthy profitability which was further enhanced as the industry in general rebounded. 

INTERNATIONAL EXPANSION

Client with international operations : Developed rolling Profit & Loss and cash flow forecasts across multiple business units. Implemented monthly reporting with suite of reports circulated to executive team. Developed consolidated Financials from accounting software in liaison with trusted associated programming firm.

Developed & compiled Adjusted earnings schedules for successful business sale with summarised financials across multiple years – identifying adjustable items is critical in ensuring the fair & equitable value of a business and a sale price which both parties were happy with. 

TURNAROUND / NEW TECHNOLOGY

Trade business client suffered significant losses over a couple of years due to top heavy management costs and downturn in work. Business scaled back due to financial position. Worked with client to establish a budget & get accounts in order. Recommended new cloud based Job Management and Invoicing system which synced to the existing accounting package, which we also moved online. Job Management system has resulted in huge efficiencies. Business on track with budget and over achieved with revenue. 

Outcome: Business back on track financially, and growing again. Now on a sustainable footing -  lean, efficient and profitable. 

MOVING BUSINESS PREMISES TO SELF MANAGED SUPER FUND - NO CGT

This is an opportunity we have used several times for clients.

Background – clients owned commercial premises and wished to transfer to their Self Managed Super Fund. Issue – capital gains tax on “disposal”.

We advised on Small Business Concessions and this resulted in NIL capital gains tax payable on the transfer. The premises were then held in the tax preferred superannuation environment.

There are also situations where there has been no Stamp Duty payable on the transfer.