Case Study: Sydney Structural Engineer Company

In this Case Study, My Business Path stepped in to assist the business across a fourteen month period. Working through the Voluntary Administration process and a Business Restructure, a plan was devised that saw creditors paid, the company continue trading and debt significantly reduced. Read how we made this happen.

Appointment Details

Service Business Restructure
Voluntary Administration
Location South West Sydney, NSW
Industry Construction
Duration 14 months


The Financial Situation

In this Case Study, this South West Sydney Structural Engineer Company came to My Business Path

  • with a decent turnover and contracts
  • where cashflow and debt was holding the company from moving forward
  • owing a total of $440,000
  • should the company fold, both the business and the creditors stood to lose money

 

The Solution

My Business Path's role in relation to the business was to

  • review the company's financial and management situation
  • work alongside the company through a Voluntary Administration
  • renegotiate with creditors to repay the debt and reducing it to approximately $120,000
  • restructure the business and set up systems to avoid returning to any previous financial and operational difficulties

 

The Results

My Business Path worked closely with the business to see

  • debt reduced from $440,000 to $120,000
  • creditors made their money back with debts serviced
  • cashflow management improved
  • business continue trading
  • set up systems for a viable future

 

 

 

The people are real. The businesses are real. My Business Path designed a tailored solution that worked. 

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