SBR by Rodgers Reidy

We have a team of SBR Registered Practitioners who are experts in assisting businesses that meet the government’s criteria to restructure their businesses. On this page, you will find a number of print-ready documents that explain the Small Business Restructure process in different industries.

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Case Studies


A Summary of Our Case Studies


Industry
Details
Outcome
*Approximate figures only
Architecture
  • Supplier of architectural and design services.
  • Business ceased trading from March 2020 to July 2021.
  • Carried a legacy debt when trading recommenced.
Debt: $179,318
SBR: $40,000
Rate: 20.30c/$
Bakery
  • A bakery with both retail and wholesale activity.
  • There was a dramatic downturn in sales during the COVID pandemic.
  • Carried a superannuation liability along with a debt to the ATO and unsecured lenders.
Debt: $585,333
SBR: $70,000
Rate: 17.72c/$
Bakery
  • A bakery with both retail and wholesale activity.
  • There was a dramatic downturn in sales during the COVID pandemic.
  • Lost its high-profit business in wedding cakes and the like during lockdowns.
Debt: $213,000
SBR: $53,000
Rate: 25.00c/$
Building & Construction
  • Provides new residential house builds, renovations and tiling services.
  • Lockdowns, staffing restrictions and the cost of living crisis have severely impacted the business.
Debt: $110,000
SBR: $22,100
Rate: 19.00c/$
Concreting
  • Two related businesses restructured at the same time.
  • Reduced cashflow during the COVID Pandemic with lockdowns affecting the building and construction industry.
Debt: $274,274 & $422,784
SBR: $55,000 & $70,000
Rate: 19.06c/$ & $23.71c/$
Construction
  • Earthmoving/excavating services for roads, drainage and pipework.
  • Company was a victim of fraud, which together with the effects of the COVID pandemic, had resulted in reduced cash flow and unmanageable debts.
Debt: $420,000
SBR: $50,000
Rate: 11.90c/$
Construction
  • Production and installation of steel frames.
  • Increase in the costs of materials and the level of fixed costs.
Debt: $380,000
SBR: $75,000
Rate: 18.95c/$
Demolition and Excavation
  • Ceased trading during an online fraud investigation.
  • The management of staffing issues during lockdowns and staff losses due to the conditions imposed on them.
  • The cancellation of existing projects and the inability to replace them.
  • Negligence of the business’s former accountants.
Debt: $417,000
SBR: $160,000
Rate: 34.52c/$
Disability Support Services
  • Ceased trading during an lockdowns.
  • The management of staffing issues during lockdowns and staff losses due to the conditions imposed on them.
  • COVID +ve clients not able to be serviced.
Debt: $210,000
SBR: $485,000
Rate: 21.00c/$
Education
  • An International Student Enrolment Centre for several Australian schools
  • International students were prevented from entering Australia due to the COVID pandemic.
Debt: $210,000
SBR: $48,000
Rate: 21c/$
Electrical & Solar
  • Employed new apprentices 2-days before Government imposed lockdowns and because of the timing did not get wage relief.
  • A sacked employee caused malicious damage by deleting the business’s accounting system, resulting in at least $60,000 in lost billings.
Debt: $155,000
SBR: $20,400
Rate: 24.69c/$
Engineering
  • Steel fabrication and general engineering services.
  • Reduction in work from travel restrictions.
Debt: $542,000
SBR: $100,000
Rate: 18.50c/$
Franchised Fast Food
  • Outlet is based at a Victorian University and was not given rental relief during lockdowns.
  • Significant downturn in business during lockdowns.
  • Rental and stock increases impacted profitability.
Debt: $442,000
SBR: $75,000
Rate: 15.52c/$
Gym
  • Membership-based gymnasium.
  • Start-up business impacted by government restrictions during the COVID pandemic and localised floods.
Debt: $260,000
SBR: $40,000
Rate: 13.0c/$
Hospitality – Cafe
  • Regional Café with 22 employees.
  • Victorian State Government lockdowns impacted sales with little or no reduction in fixed costs.
Debt: $260,000
SBR: $48,250
Rate: 18.54c/$
Hospitality – Hotel/Pub
  • Hotel/pub with approximately 40 employees.
  • Melbourne-based pub that suffered through lockdowns.
  • Needed to pay its owed superannuation to be elligible.
Debt: $323,000
SBR: $35,000
Rate: 10.82c/$
Hospitality – Hotel/Pub
  • Hotel/pub with approximately 20 employees.
  • Regional city in NSW
Debt: $425,000
SBR: $75,000
Rate: 17.62c/$
Hospitality – Hotel/Restaurant
  • Operates a bar, restaurant, accomodation and live music venue in rural Victoria.
  • A slow return to pre-COVID tourism levels and fewer ‘events’ has resulted in less income than budgeted.
  • Staffing issues, including the departure of a senior staff member and the inability to recruit enough casual staff.
Debt: $170,000
SBR: $30,000
Rate: 16.62c/$
Hospitality – 2 Hotels
  • 2 inner-city bar, restaurant and live music venue in Melbourne operating as separate businesses.
  • Venue was closed to patrons from March 2020 to October 2020 and generated little revenue from take away sales.
  • Lockdown uncertainty in 2021 meant venue was closed.
  • Fixed costs and staff entitlement didn’t diminish during 2020 and 2021.
Debt: $670,000 & $750,000
SBR: $125,000 & $165,000
Rate: 17.38c/$ & 20.53c/$
Hospitality – Restaurant
  • Italian restaurant in metropolitan Melbourne.
  • Significant debt to the ATO.
  • Ceased trading 3 months prior to the SBR.
Debt: $165,000
SBR: $35,000
Rate: 20.34c/$
Interior Design
  • Commercial interior design consultancy.
  • Most of the business’s projects were cancelled or significantly delayed.
Debt: $320,000
SBR: $71,000
Rate: 22.24c/$
Medical/Physiotherapy
  • Business supplied physiotherapy services to aged car facilities.
  • Significant loss of trade during COVID-pandemic lockdowns and increased costs of operating
Debt: $730,000
SBR: $178,262
Rate: 23.07c/$
Retail Property Developer
  • Land was purchased to develop a supermarket in the outer suburbs of Melbourne.
  • The business suffered a loss on the sale of land after a project was cancelled when the lessor fell over.
  • Part of its debt was paid to the Deputy Commissioner of Taxation, but a significant amount remained.
Debt: $530,000
SBR: $280,000
Rate: 49.11c/$
Retail Property Developer
  • Land was purchased for a retail property development in rural Queensland.
  • The business suffered a loss on the sale of land after a project was cancelled due to poor uptake from potential tenants.
Debt: $210,000
SBR: $66,000
Rate: 29.25c/$
Security Services
  • A security business supplying guard and patrol services and security equipment.
  • There was a dramatic downturn in sales during the COVID pandemic due to business uncertainty.
  • Was not entitled to access Jobkeeper.
Debt: $936,000
SBR: $234,000
Rate: 25.00c/$
Social Enterprise
  • An indigenous social enterprise business connecting Indigenous Culture, Country, Community, the Self and the Sacred.
  • Lost all face-to-face contact with clients, which was cornerstone of its business.
  • Suffered in State an Federal Governent spending cuts.
Debt: $206,000
SBR: $37,000
Rate: 18c/$
Transport
  • Provides transport services as a subcontractor.
  • Escalating fuel costs and an inability to change fixed rates.
Debt: $450,000
SBR: $73,000
Rate: 16.18c/$
Transport
  • Provides transport services as a subcontractor.
  • Shortage of work due to restrictions imposed due to COVID whilst fixed costs remained the same.
Debt: $150,000
SBR: $65,000
Rate: 41.94c/$

All figures included are indicative only, results will vary from case to case.