Business, Restructuring & Insolvency Insights
Practical insights, analysis and updates from WCT Advisory's experienced financial advisory, restructuring and insolvency specialists.
Explore our latest thinking on business financial distress, restructuring, insolvency, corporate finance, taxation, business valuations, director obligations and emerging issues affecting Australian businesses.
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Practical Steps for SMEs
This is the third in a series of articles aimed at informing directors of their duties and options for small to medium enterprises if faced with insolvency.
This article touches on the commercial risks faced by the business itself, which will drive the turnaround plan. If a business is struggling and potentially insolvent, that is unable to pay its debts when they fall due, there are several risks that directors need to be prepared for.
Working Capital Management
Working capital is a daily necessity for businesses, as they require a regular amount of cash to make routine payments and purchase basic materials/services and pay wages used in the generation of its products/services.