Board Advisory
Providing expert advice for directors making difficult decisions.
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Strong boards surround themselves with subject matter experts. Turnaround and solvency considerations are no different. McGrathNicol works with boards to ensure directors fully understand the available options and practical implications, and their ongoing duties while doing so. Our advice will help you analyse options, prepare a turnaround plan for a safe harbour process, undertake a strategic review of a business, and understand when the tactical use of formal restructuring tools is appropriate.
Options analysis
During times of financial stress, it can be hard to see the breadth and flexibility of the available restructuring and turnaround solutions. McGrathNicol works with your business to understand the issues and determine how a turnaround can be achieved. The earlier the request for independent assistance, the better the options and outcomes.
Safe Harbour
The Safe Harbour legislation provides directors with protection from personal liability for debts incurred while they undertake a course of action that is reasonably likely to lead to a ‘better outcome’ for the company than an immediate insolvency appointment. McGrathNicol works with your business to help directors understand and adopt safe harbour protection, freeing the business to attempt performance improvement initiatives, a transaction or preparation for a future capital raise.
Strategic Reviews
McGrathNicol’s independent advice assesses the ongoing financial viability of part or all of your business and its operations. We help you consider options for recapitalisation or divestment. Our experienced team can diagnose the drivers of underperformance, provide an independent view of future funding requirements, and outline options and capital solutions available.