MEDIA RELEASE – HM Advisory successfully concludes the Administration of Derrimut 24:7, paving the way for a strong future under new ownership.
HM Advisory is pleased to confirm the successful completion of the Voluntary Administration process for Derrimut 24:7, one of Australia’s most recognised fitness brands
Deregistering Your Company – A Warning for Directors
When a business is no longer trading and the paperwork, fees, and obligations keep piling up, deregistering a company can look like a clean exit. A simple form, a small ASIC fee, and the company disappears from the register. On the surface, it feels like closure. But for directors, deregistration of a company is a […]
Insolvent Trading: What It Is and How to Prevent It
Most businesses don’t fail because of one bad decision. They unravel through a series of late payments, cash flow stress, and the belief that tomorrow will fix today. But under Australian law, timing matters. Continuing to trade when a company can’t meet its obligations doesn’t just affect the business; it can follow directors personally. Knowing […]
Administrator Appointed to Ron Crouch Transport Pty Ltd: Voluntary Administration Overview
Stephen Robert Dixon in his capacity as Voluntary Administrator of Ron Crouch Transport PTY LTD (Administrator Appointed) (ACN 002 187 046)
Small Business Restructuring Case Study – Mining Services
Background Stephen Dixon of HM Advisory was appointed as the Restructuring Practitioner for a specialist mining services company providing non-destructive testing (NDT) and auditing services to the oil and gas industry. The company also offered training courses in NDT; however, these courses had historically operated at a loss and diverted resources from the company’s core, […]
Small Business Restructuring Case Study Crane Labour Hire Company
Stephen Dixon of Hamilton Murphy Advisory was appointed as the restructuring practitioner for a Victorian based crane and crane labour hire company.
Common Insolvency Warning Signs
The Corporations Act 2001 defines Insolvency as a state of being “not solvent” or, more accurately, as the incapacity of a person or entity to be able to pay their debts as and when they become due and payable. The challenge for many Directors is recognising the early signs of Insolvency before the situation escalates. […]
Personal Exposure in a Small Business Restructure
As anyone keeping up with the news will know, insolvencies over the past two quarters have repeatedly reached record highs across various industries. Whilst this trend is likely to persist in the near future, we at Hamilton Murphy Advisory have found a silver lining in the growing number of clients opting to engage our services […]
Insolvency Outlook for FY 2025
Tadhg Schultz, Accountant It’s no secret that Australia is experiencing an increasingly precarious economic outlook. Headlines throughout the last financial year (“FY”) have been filled with reports of increasing rates of corporate insolvencies. The Australian Securities & Investments Commission (“ASIC”) has reported that as of 2 June 2024 nearly 10,000 companies had entered a form […]
Back to Basics: Personal Insolvency
With the rising cost of living and increased rates of insolvency across Australia, it’s come as no surprise that we have seen more enquiries with respect to Personal Insolvency options for their clients. To assist, we thought we’d go back to basics and provide you with an overview of Personal Insolvency options as well as […]