Small Business Restructuring

   
     
  5.0 17 reviews 
 
  
        
   Small Business Restructuring Specialists
   5.017 Google reviews 
 
 
 
        Posted on Google  
   
   paul myeong 
 
 
 
 Trustindex verifies that the original source of the review is Google.  We had a highly complex situation that felt overwhelming, but the team at Small Business Restructuring Specialists stepped in and made everything incredibly simple for us. They broke down the process, handled the heavy lifting, and delivered a truly great result. Their expertise and communication completely took the stress out of the equation. I cannot recommend them highly enough!
  
 
 
      Posted on Google  
   
   Kartik Lakhani 
 
 
 
 Trustindex verifies that the original source of the review is Google.  Worked with Thomas, Brad and the team with a client. They were amazing and we had a professional experience with a great result.
  
 
 
      Posted on Google  
   
   Linda Simons 
 
 
 
 Trustindex verifies that the original source of the review is Google.  A great experience with some very experienced people that were there to guide me every step of the way.  The process was clearly explained, well organised and professional.  I would recommend Thomas and the team to anyone who needs help in this area
  
 
 
      Posted on Google  
   
   craig pickup 
 
 
 
 Trustindex verifies that the original source of the review is Google.  I recently went through a small business restructure with this company, and I couldn't be happier with the service I received. The entire process was handled professionally, efficiently, and with great attention to detail. From the beginning, the team took the time to explain everything clearly, answered all of my questions, and made what could have been a stressful process feel straightforward and manageable. Their knowledge, support, and communication throughout were exceptional. I highly recommend their services to any small business owner looking for expert guidance and a smooth, hassle-free experience. Thank you for making the process so easy and for providing such outstanding support.
  
 
 
      Posted on Google  
   
   kay redman 
 
 
 
 Trustindex verifies that the original source of the review is Google.  We were extremely impressed with the level of service and professionalism provided by the team at Small Business Restructuring Specialists. Thomas, Brad & Michelle took the time to understand our needs, communicated clearly throughout the process, and delivered results that exceeded our expectations. We highly recommend their services.
  
 
 
      Posted on Google  
   
   Darren Eagles 
 
 
 
 Trustindex verifies that the original source of the review is Google.  The team at Small Business Restructuring Specialists made the process easy & kept me at ease through it all. The outcome was a successful & now we can move on with operating as usual.
  
 
 
      Posted on Google  
   
   Stuart L 
 
 
 
 Trustindex verifies that the original source of the review is Google.  We were able to restrucutre my small business after experiencing hardship after COVID. We had a really large ATO bill and other debtors started to add up. This allows us to pause, ask for some leniency through the government initiaitve and SBR Specialists helped with this perfectly for a good result in negotiating debt down.
  
 
 
      Posted on Google  
   
   Myles Farmer 
 
 
 
 Trustindex verifies that the original source of the review is Google.  I was pretty anxious when I received a director penatly notice but the team from my very first point of contact were understanding and knowledgeable. It wasn't an easy process but the team made it as easy as possible. If your honest and just open your books up to the team they'll give you genuine advice. If you can humble yourself and be in a place to receive that advice it'll be over before you know it and you can get back to focusing on your business.
  
 
 
      Posted on Google  
   
   Ben Giordmaina 
 
 
 
 Trustindex verifies that the original source of the review is Google.  Amazing to deal with,  helpful, knowledgeable and professional. Long after I appointed and paid SBRS to complete my small business restructure, I was able get in contact and when I needed information regarding the details of my restructure, they were there to help. I would definitely recommend Thomas and his team at SBRS to anyone who is considering to engage their services.
  
 
 
      Posted on Google  
   
   Karl Gunter 
 
 
 
 Trustindex verifies that the original source of the review is Google.  The Number 1 professional team. Thomas and the team are the trusted experts and are with clients every step of the way. They are always available on the phone and always come and talk with you face-to-face to ensure that all steps are explained and managed correctly. The team's level of service was outstanding from start to finish. Any small business should have no hesitation in calling the team for a confidential and accurate discussion.

Considering A
Small Business
Restructuring Plan?

A Small Business Restructure could be
the lifeline your business needs.

A Small Business Restructure could be the lifeline your business needs.

Check Your Eligibility

Apply for a Small Business Restructure Plan and get your business back on
track in just 35 business days^

What is Small Business Restructuring?

A Small Business Restructure is an ATO-led initiative that allows businesses to reduce debts and
create a roadmap back to success in only 35 business days

A Small Business Restructure is an ATO-led initiative that allows businesses to reduce debts and create a roadmap back to success in only 35 business days

The Basics

The Small Business Restructure Process (SBRP) is a
government-legislated option for small businesses in
Australia that are struggling with cash flow.

Simply put, the business owners appoint a Small
Business Restructuring Practitioner to develop a
restructuring plan that is approved the ATO and other
creditors.

The plan involves a reduction in debt and other
measures so you can get your business back on track,
stay in control and keep trading.

The Benefits

Directors stay in control of the business

Puts a stop on any creditor actions while the
restructure is being finalised

Reduce debt and implement manageable payment
schedules

Allows you to remain trading, retain staff and get
back to running the business

How Does The SBR Process Work?

January 1, 2019

Eligibility

Complete the 1-minute form to see if your business meets the minimum requirements to qualify for a restructure.

January 1, 2019

Consultation

A specialist contacts you to determine if restructuring is viable and suitable for you and your business.

January 1, 2019

Due Diligence

We determine your financial position: accounts, income, liabilities, financial debts and creditors.

January 1, 2019

Appointment

If you qualify and are happy to proceed, you appoint us as your restructuring practitioner. Fees are placed in a trust fund

January 1, 2019

Restructuring

Once appointed, we begin the restructuring process.

January 1, 2019

Check Your Eligibility

Case Studies

Case Study 1: Civil Contracting

Western Sydney Civil business contracting primarily to local government projects. Extended COVID restrictions for Western Sydney meant the business could not operate successfully, with contracts put on hold or scaled back.

Director had received Director Penalty Notices for unpaid SGC superannuation and PAYG withholding tax with 21 days to act to remove potential personal liabilities.

Financial Position Before Restructure:

ATO Debt: $706,302
Other Debt: $157,942
Total Debt: $864,244

After Restructure:

ATO Debt: $73,533
Other Debt: $16,477
Total Debt: $90,00
Company and director contribute $45,000 each for up to 6 months

Case Study 2: Local Retail

Popular local Café and bookstore operating for over 17 years in NSW. Unfortunately, COVID restrictions caused an instant decrease in sales revenue and COVID staff isolations also reduced operating times.

The company received final demands from NSW Revenue and Service NSW.

Financial Position Before Restructure:

ATO Debt: $152,171
Other Debt: $106,513
Total Debt: $258,684

After Restructure:

ATO Debt: $23,531
Other Debt: $16,469
Total Debt: $40,000
Monthly repayments of approx. $1,650 for 24 months

Commonly Asked Questions

How long does restructuring take?

Typically up to 35 business days – as mandated by the Corporations Act. That is just 7 weeks!

Do creditors have to accept the restructuring plan?

Once a plan is put to creditors, they may vote to accept or reject the plan. They have 15 business days to vote to accept or reject the plan. The restructuring practitioner oversees the voting process and 51% of creditors (based on the amount owed) must agree for the structure to be approved.

Can creditors take legal action during the restructuring process?

Commencement of the restructuring process means affected creditors cannot continue or commence court or other recovery action against the company.

Considering ASmall BusinessRestructuring Plan?

What is Small Business Restructuring?

How Does The SBR Process Work?

Eligibility

Consultation

Due Diligence

Appointment

Restructuring

Case Studies

Case Study 1: Civil Contracting

Case Study 2: Local Retail

Ready to Get Your Business Back on Track?

Commonly Asked Questions

Considering A
Small Business
Restructuring Plan?