Take control of your company’s future with a customised Small Business Restructure plan that creates a clear path to recovery and sustainable growth. Our proven small business restructuring approach helps Australian businesses rebuild stronger.
Secure your future with strategic Small Business Restructuring tailored to your business needs.
AVA ADVISORY
As leading small business restructuring specialists in Australia, we combine extensive Small Business Restructure (SBR) experience with comprehensive debt advisory expertise. Our pragmatic approach helps SMB directors and owners navigate the small business restructuring process effectively, putting distressed yet viable businesses back on track to success.
We guide business owners through every step of their small business restructure journey, providing the expertise needed to help financially distressed companies reset and rebuild for long-term sustainability.
• Expert Small Business Restructuring guidance
Our team brings unmatched experience in small business restructuring and turnaround solutions. We analyse your operations and financial position to develop a customised small business restructure plan that addresses core challenges. Drawing from our track record of successful small business restructuring cases, we create practical strategies for recovery and growth.
• Strategic Small Business Restructure planning
Your small business restructure needs a strategic foundation to succeed. We focus on preserving business value while building a sustainable future through the SBR process. Our comprehensive small business restructuring plans address critical areas including cash flow optimisation, operational efficiency, and capital structure improvements. We transform challenges into opportunities for strategic renewal.
• Clear stakeholder communication
Successful small business restructuring depends on effective creditor and stakeholder engagement. We maintain transparency throughout the SBR process using clear, straightforward communication. Our approach emphasises collaborative negotiation over conflict, using our expertise to build stakeholder support for your small business restructure plan.
Small Business Restructuring (SBR) is a specialised Australian Government initiative designed to help viable small businesses overcome financial distress. Launched on 1 January 2021, this small business restructure process has become an essential lifeline for Australian companies, particularly given the Australian Taxation Office’s (ATO) supportive approach.
A small business restructure allows you to guide your company back to financial health while maintaining operational control. Through the SBR process, struggling businesses receive valuable breathing space to develop a comprehensive small business restructuring plan under the guidance of an independent Small Business Restructuring Practitioner (SBRP).
How does the Small Business Restructure process work?
The small business restructuring journey follows these key steps:
• Company directors appoint a qualified SBRP to oversee the restructure
• Directors retain control of day-to-day operations throughout the small business restructure
• Your SBRP collaborates with you to create a tailored small business restructuring plan within 20 business days
• Creditors have 15 business days to vote on the plan, which requires over 50% approval
• Upon approval, your small business restructure plan moves into implementation
• The SBR process concludes once all elements of your restructuring plan are complete
Our streamlined small business restructuring approach follows four proven steps designed to maximise your chances of financial recovery. Throughout your small business restructure journey, our specialist team provides practical guidance and comprehensive support.
Assessment
We begin with a thorough evaluation of your business to determine if a small business restructure is your optimal path forward. Our SBR specialists conduct an in-depth viability review, analysing your current financial position and circumstances to assess the potential for a successful restructuring outcome.
Restructuring
Your assigned practitioner works closely with you to create a comprehensive small business restructuring plan within 20 business days. Drawing on our extensive restructuring expertise, we provide strategic guidance to develop a plan that aligns with your goals, addresses creditor priorities, and delivers optimal outcomes for your business.
Execution Plan
Following creditor approval, successful execution of your small business restructure plan becomes paramount. We collaborate with your SBRP to oversee the implementation process, managing creditor obligations and executing required changes. Our robust project management approach ensures your restructuring plan stays on track.
Post-SBR Support
Beyond the formal small business restructuring period, we provide continued guidance to help cement your business’s renewed financial stability. Our team monitors progress, assists with ongoing obligations, and helps you maintain the positive momentum achieved through the SBR process.
While the small business restructuring process offers valuable support for financially distressed companies, specific eligibility criteria must be met to commence an SBR. Review these key requirements to determine if your business qualifies for a small business restructure:
• Your business must operate as an incorporated company (Proprietary Limited or Pty Ltd) in Australia
• Total liabilities must be less than $1 million.
• All required tax lodgements with the Australian Taxation Office must be current
• All employee superannuation payments must be up to date
• The company must be cash flow insolvent now or about to become insolvent in the near future.
• There should be reasonable prospects for successful trading following the implementation of your small business restructure
On 1 January 2021, Australia introduced significant corporate insolvency reforms through Part 5.3B of the Corporations Act. These changes established a new small business restructure pathway for companies with liabilities under $1 million, alongside a simplified liquidation process and the introduction of Small Business Restructuring Practitioners (SBRP).
How AVA Advisory Guides Your Small Business Restructure
As Small Business Restructuring specialists, we provide invaluable guidance to directors and owners during the Small Business Restructuring process, such as:
• Comprehensive Viability Assessment
Our team conducts thorough preliminary reviews to determine if a Small Business Restructure suits your situation and offers strong prospects for success.
• Expert SBRP Selection
We match your small business restructuring needs with qualified practitioners from our network of restructuring professionals, ensuring alignment with your desired outcomes.
• In-depth business analysis
Our small business restructure specialists analyse your operations, finances, assets and liabilities to develop an informed restructuring strategy.
• Strategic creditor management
We leverage our expertise to negotiate effectively with creditors, building support for your small business restructuring plan.
• Customised restructure planning
Our team provides practical guidance in developing a robust, achievable small business restructure plan tailored to your circumstances.
• Implementation expertise
We collaborate closely with you and your SBRP to execute your approved restructuring plan efficiently.
• Ongoing support
Post-restructure advisory services help protect your interests as your business returns to growth.
• Contingency planning
If a small business restructure proves unsuitable, we guide you through alternative options while safeguarding your position as director.
As leading small business restructuring advisors, we’re committed to achieving optimal outcomes for SMB directors and owners across Australia. Our extensive restructuring experience enables us to provide clear, empathetic guidance throughout your entire small business restructure journey.
Through our extensive experience supporting Australian businesses through the small business restructure process, we’ve identified key challenges that directors and owners typically face. Here’s how AVA Advisory helps you overcome these obstacles:
• Managing cashflow
Throughout your small business restructuring journey, maintaining adequate working capital is crucial. Our specialists assess funding requirements and identify viable options to sustain operations during the restructure.
• Financial Forecasting
Accurate viability projections are essential for a successful small business restructure. Our experts develop robust forecasts based on realistic market conditions and business performance metrics.
• Stakeholder management
A small business restructure can create uncertainty among customers and suppliers. We maintain stakeholder confidence through strategic communication and relationship management throughout the SBR process.
• Supply chain negotiations
Securing favourable terms from suppliers during restructuring requires expertise. Our small business restructuring specialists negotiate effectively to protect your commercial interests.
• Protecting assets
During the restructure process, secured creditors may threaten asset security. We negotiate protective arrangements to safeguard your business assets throughout the SBR.
• Meeting deadlines
The 20-business-day window for developing your small business restructuring plan requires efficient execution. Our proven methodology ensures timely delivery of your restructure strategy.
• Performance management
Ongoing trading losses during restructuring demand swift action. We provide clear analysis and practical guidance on critical business decisions, including the strategic assessment of unprofitable operations.
AVA Advisory’s pragmatic approach to these common restructuring challenges maximises your chances of a successful small business restructure. Our experienced team provides tailored solutions to help your business navigate the SBR process effectively.
Let’s start mapping your path to financial freedom.
Don’t wait – the earlier we start, the more debt relief options will be available. Contact us today on 1300 181 220 for an obligation-free, cost-free consultation. Share details of your situation and concerns in confidence.
With expertise on your side helping analyse business debt relief options, ATO debt advice, and negotiate agreements, you can look forward again. Clarity, relief, and a brighter future for you and your business are only a few steps away – fill out the form below for your free consultation.
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