Author Archives: Anne Floyd

Directors under pressure, need to take action NOW!

With COVID wreaking havoc both financially and emotionally, what do directors of struggling companies do to ensure they are not in the firing line when things start to normalise? During these difficult times, directors are under pressure to refocus and make important decisions on all aspects of business, such as corporate strategy, funding and capital […]

Posted in News Articles | Comments Off on Directors under pressure, need to take action NOW!

Business Valuations – assessing the short-term impact and the long-term value!

COVID-19 has affected every business in some way, and there would be no doubt that every business owner has given some thought as to how it has affected their business and how will the value of their business change. There is no easy answer, there are so many considerations and variables, many outside the control […]

Posted in News Articles | Comments Off on Business Valuations – assessing the short-term impact and the long-term value!

Insolvency – it does not pay to ignore the warning signs!

There are many reasons that can lead a business into financial difficulty at the best of times. With the challenges associated with COVID-19, such as isolations and shutdowns, this has been placing more and more businesses in this situation. Whether a sole trader or a large corporation, “the inability to pay debts when they are […]

Posted in News Articles | Comments Off on Insolvency – it does not pay to ignore the warning signs!

Business Viability – getting the right advice at the right time is crucial!

When financial difficulty starts to loom over a business, even the best business owners can go into some sort of denial, resulting in an unwillingness to accept the reality. Often business owners will say things like: I’ll be ok, next month will be better! I’ll keep going, things will turn around soon! I’m not ready […]

Posted in News Articles | Comments Off on Business Viability – getting the right advice at the right time is crucial!

Advisory Boards can help rebuild businesses beyond the pandemic!  

Being proactive and pooling experience and wisdom are needed to tackle these challenging times and lead businesses into the next ‘normal’. Now, more than ever, advisory boards can play a critical role in achieving this.  As we move through different phases of the pandemic, it leaves a trail of disruption to the economy and many […]

Posted in News Articles | Comments Off on Advisory Boards can help rebuild businesses beyond the pandemic!  

Somark Group Pty Ltd (Administrators Appointed) A.C.N. 616 027 224

On 25 November 2020, Riad Tayeh and Suelen McCallum were appointed joint and several Administrators of Somark Group Pty Ltd (Administrators Appointed) A.C.N. 616 027 224. By proceeding to view information about the Company, you are declaring that you are a creditor or professional advisor for this matter, and that you agree not to communicate […]

Posted in Creditor Reports | Comments Off on Somark Group Pty Ltd (Administrators Appointed) A.C.N. 616 027 224

COVID-19 and the three waves of insolvency

COVID-19 has significantly impacted Australia’s economy and businesses.  There has been much published about the possible insolvency storm ahead.  But the reality is, we are still in uncharted waters.  Some sectors will bounce back quite quickly, but others will not. The dVT Group has drawn on the expertise of our senior practitioners to prepare a […]

Posted in News Articles | Comments Off on COVID-19 and the three waves of insolvency

Selling your legacy to achieve financial freedom

SME MASTER PLAN SERIES – PART 4 OF 4 This is the last of our four-part series aimed to help SMEs leverage opportunities to boost their business in these distressing times. You may have restructured your business (see our previous article), you may have accessed the required funding and you may have even achieved your […]

Posted in News Articles | Comments Off on Selling your legacy to achieve financial freedom

To trade or not to trade after 31 December 2020?

As you may already know, on 23 March 2020, Federal Parliament passed the Coronavirus Economic Response Package Omnibus Bill 2020 (The COVID Act) which commenced on 25 March 2020. In amongst other initiatives, the government sought to limit insolvent trading “during that period” by inserting Section 588 GAAA into the Corporations Act 2001. This moratorium […]

Posted in News Articles | Comments Off on To trade or not to trade after 31 December 2020?

Flor Australia Pty Ltd (In Liquidation) A.C.N. 603 317 335

On 11 November 2019, Suelen McCallum was appointed Liquidator of Flor Australia Pty Ltd (In Liquidation) A.C.N. 603 317 335 By proceeding to view information about the Company, you are declaring that you are a creditor or professional advisor for this matter, and that you agree not to communicate any information to any person other […]

Posted in Creditor Reports | Comments Off on Flor Australia Pty Ltd (In Liquidation) A.C.N. 603 317 335