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Insolvency

There are a number of warning signs that indicate that a company may be insolvent.
Viability Restored

The Directors approached us regarding advice in relation to their company in April 2001 following a Statutory Demand pursuant to Section 459E of the Corporations Act being served on them and the collapse of their insurer HIH Ltd which put in jeopardy their ability to trade on.
Creditors Satisfied

The Directors of an excavation company approached deVriesTayeh in November 1999 following a long term contractual arrangement, entered into, which proved to be financially inappropriate as profit targets were historically unattainable. Further, this contract would jeopardise the company's ability to trade on.
Bankruptcy Avoided

A debtor, a building contractor, approached us regarding his income tax liability. He was retrospectively assessed for eight years of unpaid Income Tax. He was unsuccessful in seeking to come to an informal arrangement with the Australian Taxation Office prior to seeking formal advice.
Turnaround Achieved

We were approached some time ago to review the financial position of a major national sporting organisation in Australia.
Strategic Planning

Some time ago we were approached by a medium sized family group to help restructure their company and achieve profitability. The group was successful in its market niche and was in fact a leader in its segment. Turnover at the time was significant however, profits were not. With growth came cashflow and management issues that were difficult for the family to deal with.
Profitability Restored And Business Growth

We were approached by a client who had a company running a variety of businesses under one umbrella
How To Find the Cash - The Abandoned Spouse And The Family Business

It's common procedure to utilise the services of an independent expert, be they accountant or property valuer, to provide a report on the value of items included in an asset pool. This report can then be used to support claims for division of assets either through mediation or application to the Family Court.
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