If you are like most SME owners or directors, you have probably put a lot and time and energy into your business. You have probably also had limited experience with turning around struggling businesses. And you might be unsure whether to walk away from the business or have a go at keeping it going. You might also be unsure whether your business is trading insolvently and the personal ramifications that follow from that.

Our unique TPH Turnaround Program provides a systematic approach that is tailored to your specific situation. Based on criteria which is pre-agreed with our clients, this Program has a 100% success rate.

Benefits

Subject to your situation, the following benefits can be achieved:

  • Quick improvement of your debt position
  • Quick enhancement of profit position
  • Business growth over the meeting and short-term
  • Preservation of the hard-won goodwill and other assets in the business
  • Retention of employees and other important stakeholders
  • Preservation and then growth of your personal wealth (including important assets like your home)
  • Reducing the chances of personal exposure
  • Peace of mind and less stress

Features

  • 4 Stage Approach. Our program is based on 4 stages with specific work in each stage (see below diagram)
  • Tailored. In the early stages, the program is tailored to your specific situation.
  • 100% Success Rate. The program is logical, practical and  results focused. Our TPH Turnaround 4 Stage Program has provided 100% success for clients based on success criteria pre agreed with the client.
  • Broad Experience. The program is based on our broad experience across restructure, turnaround, insolvency, accounting, governance and marketing.
  • Program Theory. Our Program is based on a combination of our 40 years of experience, together with the best available turnaround theory (including the Safe Harbour legislation, ARITA suggested turnaround course, Porter’s Market Theory and the BCG Share Growth Matrix.
  • Industry Experience. We have had experience in the following industries: retail, wholesale, manufacturing, mining, construction, food, franchises and other product and service industries.
  • Unique Fee Approach. We do everything we can in such difficult times to ensure a win/win, including not charging until a program is agreed and working at discounted rates.

For expert advice, call 1300 756 425 or email enquiry@tphadvisory.com.au

TPH Turnaround 4 Stage Program

Company Restructuring

Turning the ‘solvency’ position of a business around is a challenging task. There are many obstacles, both legal and practical, that need to be addressed, and these include:

  • Defaulting loan agreements;
  • Overdue taxes;
  • Supplier’s terms and conditions not being met; and
  • Employee entitlements not being funded.

TPH will explain all the elements of turning a business around and also provide you with alternate programs depending on the legal obligations, priorities and risk appetite.

Our clear and transparent terms of engagement consider:

  • Phoenix transactions such as  fair value asset sales and transfers;
  • Lender/supplier debt standstill and compromise arrangements;
  • Insolvent trading risks for directors and holding companies; and
  • Sourcing and introducing alternative forms of finance.

Formal Vs Informal Turnaround Approaches

Once a solvency analysis is undertaken, TPH will recommend a turnaround strategy involving either a formal, informal or mixture of the two restructuring approaches. Management can then decide which approach to adopt working closely with TPH.

Formal Restructuring

On many occasions an ‘Informal’ approach will not achieve the objectives due to a critical factor that can’t be informally altered e.g. primary suppliers won’t renegotiate terms, too many creditors to deal with, and too many operational matters to balance.

Once a formal restructure is recommended by TPH then we then work with the company to implement formal appointments, generally Voluntary Administrations and Deeds of Company Arrangements.

Informal Turnaround

An informal turnaround approach will adopt a variety of strategies and tactics to bring together a workable solution, including:

  • Refinancing  and renegotiation with financial institutions;
  • Creditors terms being renegotiated;
  • Employees terms of employment explored and restructured where necessary;
  • Infrastructure needs analysed;
  • Sale and/or transfer of business structure; and
  • Creation of new trading entities.

Each assignment has different components, therefore, TPH works closely with management, pulling the business through this typically tricky period.