Where Do I Start?

• You don’t need to know whether your company is insolvent.
• You don’t need to know whether Safe Harbour applies.
• And you don’t need to arrive with all the answers.

Tell us what is happening in the business, what has changed and what is worrying you.

Then we start establishing the truth.

First, We Listen

Financial pressure looks different from one business to another.

• You may be worried about an increasing ATO debt.
• Cash may be getting tighter.
• Creditors may be stretching.
• You may be making a profit but wondering where the money has gone.
• You may have received a letter that concerns you.

Or you may simply know:

That is enough to start the conversation.

Then We Establish the Position

If we believe the business requires a deeper review, we will explain what information we need.

We may need to look at the accounting records, Balance Sheet, banking, debtors, creditors, taxation accounts, employee entitlements, loans and finance commitments, director accounts and other information relevant to the business.

And before relying on the accounts, we want to know something fundamental:

If they aren’t, that becomes part of the work.

We don’t want to make important decisions from numbers we cannot trust.

What We Want to Understand

We want to establish:

• where the business really stands;
• what it owns and what it owes;
• what is happening to cash;
• whether the underlying business is profitable;
• whether profit is becoming cash;
• where financial pressure is building;
• what obligations require immediate attention; and
• what needs to be investigated further.

We are not looking for one magic number.

We are building a reliable picture of the business.

Then We Decide What Happens Next

Once we understand the position, we can have a much more useful conversation.

• What needs immediate attention?
• What needs to change?
• What options should be considered?
• Is further accounting work required?
• Is legal or insolvency advice required?
• Is Safe Harbour potentially relevant?
• And if we are going to work together, what should that engagement look like?

Only then do we provide a proposal based on the actual circumstances of the business.

No Diagnosis From a Website

We deliberately don’t ask you to diagnose your company through an online test.

Financial difficulty can be complex.

• An ATO debt does not, by itself, establish insolvency.
• A cash shortage does not, by itself, mean Safe Harbour applies.
• And a profitable-looking set of accounts does not necessarily mean the company is financially strong.

The right starting point is much simpler:

From there, informed decisions can be made about what needs to happen next.