NDIS Provider Saved Through SBR
CASE STUDY | SMALL BUSINESS RESTRUCTURE (SBR) | GEELONG, VICTORIA [...]
CASE STUDY | SMALL BUSINESS RESTRUCTURE (SBR) | GEELONG, VICTORIA [...]
When Rodgers Reidy was appointed as liquidators of a large-scale [...]
Australia’s hospitality sector has been one of the hardest hit in recent years. Extended lockdowns, staffing shortages, soaring wage and supply costs, energy price spikes and cautious consumer spending have combined to create the perfect storm for many operators. Too many good businesses, often family-owned and deeply embedded in their local communities, have reached the point where directors can no longer see a viable path forward.
An incorporated business faced mounting losses from unprofitable fixed-price contracts, rising costs and low productivity, leading to debts of $340,437. A Small Business Restructure was accepted by creditors at 21.2c/$, and the business has since returned to profitability with tighter cost controls, new charge-out rates and improved financial management.
Following the SBR Process for this NDIS Service Provider, the employees of the business have retained their jobs, the business continues to provide its crucial services to its clients and the directors have obtained a fresh start to carry on the business releasing it from the historical debts, all achieved without the significant costs of placing the business into Voluntary Administration.
A Small Business Restructure of a Registered Training Organisation (RTO) that resulted in a 13.24/$ return.
Rodgers Reidy saved a business in Electrical and Solar Installations with a Small Business Restructure at 24.69c/$
Rodgers Reidy recently saved a business in Building & Construction with a Small Business Restructure that resolved debt at 19 c/$.
Our client operates in the medical industry providing at home physiotherapy services across Tasmania and Queensland. Pre-COVID, 90% of the business was providing Physiotherapy services to Aged Care Providers in Nursing Homes.
We advised on a Small Business Restructure case study in Educational Services at 21c/$.