ADVISORY

ADVISORY

At Faro, we represent you the individual, acting as your corporate doctor and helping guide your business back to health.

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UNLOCKING BUSINESS POTENTIAL

At Faro, our approach is to look for the best outcomes available in a company’s current position, we build strategies to minimise the financial impact on the company, return funds to creditors and if appropriate, the directors personally.

There are many strategies and solutions available to deal with a company’s debts and we believe every angle should considered before Directors make an informed decision.

Solutions may include:

Refinancing

We are experts in helping you refinance any existing loans as well as assisting in raising capital.

Informal Arrangements

We can help you enter into informal arrangements with creditors, this may include proposing payment arrangements to the ATO and other creditors.

Sale of Assets

We can help advise on the sale of part of your business and/or assets for fair value on the open market in an effort to free up equity.

Voluntary Administration

Our Voluntary Administration and Deed of Company Arrangement (DOCA) process offers better return to creditors than liquidation and allows your business to survive.

Private Equity

We can provide access to capital markets globally. With a presence in Throughout Asia, North America, Middle East & The United Kingdom we can provide debt and equity investments to help turn companies around, or prepare for a new stage of growth. 

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OUR PROCESS

  • Engage

    We meet with you via phone or face-to-face and understand your business

  • Deep Dive

    Together we Deep Dive on historical company financials to understand pain points

  • We buy you time

    Step in to adjourn legal proceedings

  • We assess & provide options

    Outline Deep Dive findings and strategies

  • We deliver & implement

    Project management and delivery of strategies

  • We protect

    Asset Protection review post implementation

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CASE STUDY

The Problem

Our client came to us having received a wind-up application from her creditors.

Winding up applications are the last step in the debt recovery process that creditors take to reclaim their money.

In this case, the client was extremely hesitant to approach Voluntary Administration as it would impact her customers, she didn’t fully understand the process and ideally just wanted to borrow money. 

We were able to provide her with complete clarity on the situation and what her options were including all likely scenarios, how complex each strategy was and the cost / reward benefits of each.

Through consultation and education we began to uncover solutions that had a) the greatest chance of success and b) the lowest outward impact.  

 

How Faro Helped

We conducted a deep dive into the Company and it's position
We conducted a deep dive into the Company and it’s position
We sought Debtor / Invoice Finance   a term loan on the assets owned by the Business / Director at competitive rate of 12% p.a (Generally no one will lend money to companies faced with winding up applications)
We sought Debtor / Invoice Finance + a term loan on the assets owned by the Business / Director at competitive rate of 12% p.a (Generally no one will lend money to companies faced with winding up applications)
We adjourned the Court hearing on the basis of seeking the above finance
We adjourned the Court hearing on the basis of seeking the above finance
We appointed Administrators over the company
We appointed Administrators over the company
We assisted the client in preparation of all documentation relevant to proposing a Deed of Company Arrangement to creditors at 30c in the dollar (Far better than the liquidated value of the business and it’s assets)
We assisted the client in preparation of all documentation relevant to proposing a Deed of Company Arrangement to creditors at 30c in the dollar (Far better than the liquidated value of the business and it’s assets)
We sought the support of a majority of creditors (related party (i.e Directors Invesments   Family loans)   Suppliers and trade creditors to vote in favour of the proposal to be paid 30c on the dollar as a lump sum on day 1 of the DOCA period.
We sought the support of a majority of creditors (related party (i.e Directors Invesments + Family loans) + Suppliers and trade creditors to vote in favour of the proposal to be paid 30c on the dollar as a lump sum on day 1 of the DOCA period.
All creditors unanimously accepted, as did the ATO, because our solution meant all 30 employees would retain their jobs and have their outstanding superannuation paid at 100c in the dollar.
All creditors unanimously accepted, as did the ATO, because our solution meant all 30 employees would retain their jobs and have their outstanding superannuation paid at 100c in the dollar.
The Company was returned to the Director after 5 weeks of Administration, having retired some $730,000 worth of legacy debt, allowing the business to recalibrate itself and improve processes and systems in order to manage cash flow, increase margins and continue its services.
The Company was returned to the Director after 5 weeks of Administration, having retired some $730,000 worth of legacy debt, allowing the business to recalibrate itself and improve processes and systems in order to manage cash flow, increase margins and continue its services.

The Problem

Our client came to us having received a wind-up application from her creditors.

Winding up applications are the last step in the debt recovery process that creditors take to reclaim their money.

In this case, the client was extremely hesitant to approach Voluntary Administration as it would impact her customers, she didn’t fully understand the process and ideally just wanted to borrow money. 

We were able to provide her with complete clarity on the situation and what her options were including all likely scenarios, how complex each strategy was and the cost / reward benefits of each.

Through consultation and education we began to uncover solutions that had a) the greatest chance of success and b) the lowest outward impact.  

 

How Faro Helped

We conducted a deep dive into the Company and it's position
We conducted a deep dive into the Company and it’s position
We sought Debtor / Invoice Finance   a term loan on the assets owned by the Business / Director at competitive rate of 12% p.a (Generally no one will lend money to companies faced with winding up applications)
We sought Debtor / Invoice Finance + a term loan on the assets owned by the Business / Director at competitive rate of 12% p.a (Generally no one will lend money to companies faced with winding up applications)
We adjourned the Court hearing on the basis of seeking the above finance
We adjourned the Court hearing on the basis of seeking the above finance
We appointed Administrators over the company
We appointed Administrators over the company
We assisted the client in preparation of all documentation relevant to proposing a Deed of Company Arrangement to creditors at 30c in the dollar (Far better than the liquidated value of the business and it’s assets)
We assisted the client in preparation of all documentation relevant to proposing a Deed of Company Arrangement to creditors at 30c in the dollar (Far better than the liquidated value of the business and it’s assets)
We sought the support of a majority of creditors (related party (i.e Directors Invesments   Family loans)   Suppliers and trade creditors to vote in favour of the proposal to be paid 30c on the dollar as a lump sum on day 1 of the DOCA period.
We sought the support of a majority of creditors (related party (i.e Directors Invesments + Family loans) + Suppliers and trade creditors to vote in favour of the proposal to be paid 30c on the dollar as a lump sum on day 1 of the DOCA period.
All creditors unanimously accepted, as did the ATO, because our solution meant all 30 employees would retain their jobs and have their outstanding superannuation paid at 100c in the dollar.
All creditors unanimously accepted, as did the ATO, because our solution meant all 30 employees would retain their jobs and have their outstanding superannuation paid at 100c in the dollar.
The Company was returned to the Director after 5 weeks of Administration, having retired some $730,000 worth of legacy debt, allowing the business to recalibrate itself and improve processes and systems in order to manage cash flow, increase margins and continue its services.
The Company was returned to the Director after 5 weeks of Administration, having retired some $730,000 worth of legacy debt, allowing the business to recalibrate itself and improve processes and systems in order to manage cash flow, increase margins and continue its services.
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CLAIM YOUR FREE BUSINESS HEALTH CHECK

Our Free Business Health Check is a great way to see where your business stands and identify any opportunities and risks.

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Testimonials

Advisory

Don’t just listen to us. Here are what people say about us.

  • Cool Under Pressure

    Duncan, I just want to let you know I think you have done a fantastic job of sorting out our financial issues we have had recently, both with the tax department and with our suppliers. You have saved us.

    You were extremely cool under pressure and handled yourself very professionally.

    I will also be recommending you to any of my business partners who find themselves In need of financial assistance in the future.

    – Jordan

  • I rarely come across the talents this team possesses

    The team at Faro Advisory have been involved with my business and liquidity situation for over twelve months and have helped us manage through the very complex legal and procedural processes of going into voluntary administration to liquidation and ultimately back through to trading as a business again with a new lease on life and business. This very difficult process has been made easier by their professionalism, attention to detail, superior negotiation skills and the thorough knowledge of the entire process from start to finish.

    Their ability to manage and handle assets, financiers, creditors, government authorities and appointed administrators was unlike anything I had seen before, it was done with such artful professionalism to a successful outcome that I and my team would never have been able to have performed without them. The network they can bring to bear to assist you in this time of need is second to none and ensured success when we were at our darkest hour.

    I rarely come across the talents this team possesses and it is my great pleasure to recommend them to assist and help you manage through this very difficult but also very critical time in your business both professionally and personally. 

    – Sebastian

Contact Us

Your opinions are important to us. Whether it is a simple question or a valuable suggestion, we are here 24/7. You can call us by phone or email us directly.



Contact Us

Your opinions are important to us. Whether it is a simple question or a valuable suggestion, we are here 24/7. You can call us by phone or email us directly.