Business Recovery

Businesses which are struggling are often still viable businesses and need guidance to reduce cost, improve processes, and manage cashflow. EMJ can help you to work through your options and implement short term strategies to put your business back on track. Some of the strategies may include:

• Improving working capital management

• Negotiating new banking facilities

• Preparation of forecasting models; and

• Informal arrangements with creditors

Getting advice early on increases the potential for a successful recovery.

Insolvency

Businesses which are in survival mode are often established companies that have a fundamentally good business however, challenges such as COVID have resulted in a decline in profitability.

These businesses have a future and EMJ can assist in identifying opportunities for restructure and business improvement.

These businesses are usually still solvent and will likely not require a formal insolvent restructure. We will help put the challenges into perspective and guide you through the options available.

Secured Recovery

Often, a creditor will take security over all or some of a company’s assets. When the secured creditor cannot recover the amount owed and the company is in default of the loan agreement, they can appoint a:

• Receiver and Manager

• Voluntary administrator (link to existing page on this) or

• Mortgage in Possession

A secured creditor may seek advice in relation to its rights and obligations and EMJ Consulting can assist with the following:

• Assistance with registering a secured interest on the Personal Properties Security Register (PPSR)

• Estimating the security position for the secured creditor

• Undertaking a review of the company’s financial position and preparing a report on the risks, management’s capability, the estimated outcome of a receivership or other type of appointment.