Australia is continuing to battle a difficult economic market. With interest rate increases, high inflation and rising utility costs, consumers are choosing to spend less. This is particularly difficult for businesses that operate in the retail and hospitality industry who rely on consumer discretionary spending. While the government established the Small Business Restructuring Process (SBRP) to enable distressed businesses to work with advisers on repayment plans (and avoid official Voluntary Administration), this step may not be suitable for all businesses.  Others may need to play closer attention to the cost of their operations, if they need to adjust work hours or staffing, or if their business plan is viable for the current environment.

If you are facing cash flow problems within your business, or if you need assistance with debt management, our advisers can help you. An expert business planning and finance team is only a phone call away.