Business Admin 101: How to avoid insolvency, administration and economic potholes.
The travel industry has a lot to offer in the way of challenges and solution and the below webinar speaks to all industries.
Guest Speakers Ian Niccol, Vincent Pirina & Andrew McEvoy, Aston Chace Group Joseph Scarcella, Johnson Winter & Slattery – Lawyers
This webinar with subject matter experts from Aston Chace Group and Johnson Winter & Slattery – Lawyers, outline what steps your business can take to best avoid an administration process.
Our guest speakers also outline the formal Administration process, what’s involved and how you need to prepare and the different types of Administration.
How to best avoid administration
Operational restructure – what can you do now eg. employees, retail footprint
Working capital review – can you unwind your balance sheet?
Director duties – what are your fiduciary responsibilities?
Understanding debtors and cash wins – Tax relief, Government Assistance, deferring creditor payments, re-negotiate leases
Stakeholder engagement – Who you need to advise during this journey, e.g., banks, employees, landlords, customers
The Administration Process
Insolvency 101 – What is insolvency and understanding the regime
Types and purpose of administrations
Deed of Company Arrangements (restructuring options)
Liquidation – what this means
How to prepare for administration event