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Corporate Restructuring Services

I began my career as a chartered accountant working in corporate restructure. Decades later, I am using my experience in this field to help businesses navigate through complex challenges, developing strategies that they can execute to come out strong on the other side.

My tailored business restructure services cover businesses from a wide range of industries. While I have specialised experience helping recruitment, staffing and labour hire businesses, my expertise is varied enough to provide assistance in other fields.

My goal is always to return your business to a state of prosperity and profitability. With my services, you can focus on growing your business to achieve even greater success.

Corporate Restructuring

An Experienced Guide

When engaging with 888X, you are engaging with decades of experience in successful corporate restructures.

I began my career working in corporate restructure and in recent years have returned to this field with as much passion and dedication as I have ever had. By engaging with my services, you will experience nothing short of elite honesty, commitment and transparency. I am focused on redefining business management for my clients so they can work with quality solutions previously unforeseen.

This is not a responsibility I take lightly, and I achieve this through impactful results with the ongoing aim of providing clear, unbiased truths about your business so you can succeed in the long term.

Tailored Corporate Restructure Services

888X is committed to solving your profitability and cash flow challenges with an aim to grow your business and make it more resilient and successful for the long term. I have a proven track record in transforming the systems and processes of businesses in financial distress – turning around their fortunes and returning them to a position of strength.

My corporate restructuring and debt compromise services are centred around providing detailed solvency advice to business owners. Whether you are experiencing cash flow and profitability issues or need a plan to protect your business and minimise damage, I’ll help you come out on the other side.

888X provides the following corporate restructuring services:
1
Reviewing your overall financial position, including your current cashflow, profitability, debt and asset security position, and employee entitlements. I will also review your business’ position with the ATO and suppliers.
2
Assessing the appropriate options available to your business. These may include debt standstill/moratorium, informal and formal debt compromise, debt refinancing, asset divestment, sale of business, safe harbour, or a turnaround and transformation.
3
If administration or liquidation is required, I will provide the necessary guidance towards taking those steps.
4
If transformation is possible, I will help your business implement the correct processes and systems to re-ignite your business’ profitability.

Corporate Restructuring Case-Studies

By the middle of FY16, and post raising capital but prior to completing the system, automation and cost out programs of work, it became evident that unsecured debt would need to be compromised to right size the company’s net asset position.

888X was engaged by the Board to formulate and execute the Corporate Restructure to provide the business with a fresh start and additional time in which to complete the turn around and growth plans.

The Corporate Restructure included placing 4 subsidiaries within the group into Voluntary Administration and through a deed of company arrangement complete an unsecured debt compromise. This project was successfully completed by 888X with all objectives surpassed and the position of the company greatly enhanced.

888X COMPLETED THE CORPORATE RESTRUCTURE AND TURN AROUND WORK THAT INCLUDED SYSTEM UPGRADES, COST OUT, REBRAND & DEBT COMPROMISE

The business was a major part of a group of labour hire companies that operated nationally but with a significant presence in Queensland.

There were several issues that were preventing the business from being profitable. 888X were engaged by the Director to perform a review of the business formulating a strategy to deal with the business’ underperformance. 888X identified that; operational costs were too high; no investment had been made in systems for some time and that a series of management decisions had locked the business in to onerous contracts and obligations.

888X undertook a package of works that included; cost out, system upgrades and a process to deal with the onerous contracts. The results of this work was a profitable business that was ultimately sold to the Senior Management team.

888X UNDERTOOK A SALE PROGRAM WHICH ULTIMATELY LED TO THE BUSINESS BEING ACQUIRED BY THE SENIOR MANAGEMENT TEAM.

The business began trading in mid 2018 and was growing profitably. However, the COVID-19 Pandemic caused major disruptions to the business and its productivity.

888X was engaged by the Board at the beginning of FY22 to undertake a review of options to address the negative net assets and balance sheet impairment. Ultimately the business was sold to a third party ahead of an insolvency event.

The outcome achieved preserved all the employees’ jobs and their entitlements and maintained consistent service delivery to the clients of the business.

AFTER BEING ADVERSLEY AFFECTED BY THE COVID PANDEMIC RESTRICTIONS ON BUSINESS THE DIRECTORS SOUGHT TO ENGAGE 888X.

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888X’s Corporate Restructuring Services

For high quality and tailored corporate restructuring services, reach out to me today on 0417 743 525.