Business Restructure

A telecommunications infrastructure company turning over $20 million p.a. was in the process of informally restructuring and re-focusing of its business by selling off the smaller of its two divisions. The need to do this came about as a result of pending action by the ATO for debt that had accrued when management had lost their way dividing their attention on essentially two different businesses.

A manufacturing business turning over $6 million p.a. needed to undertake a formal restructure after the ATO had commenced proceedings. The company’s core manufacturing business remained profitable, and a formal restructure would allow the business to divest itself of loss-making facets of the business and accrued debts as a result.