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Trucking company, Regional NSW
Home | Case Studies | Trucking company, Regional NSW
- Estimated Savings: $75,000
- Total Cost: Less than 10% of savings
- Case Type:ATO Debt
Overview
These (husband and wife) business owners needed help. They were attempting to pay fines imposed by SRO New South Wales. Their solicitor put them in touch with us when they were applying to extend the finance arrangements within their existing company structure, however that would have been 'dead' money and a bad 'lend'. Their previous accountant had failed to lodge returns and didn’t notify them about notices he had received at his office. The penalty fees imposed were so extensive that it threatened their cash flow and was affecting their health.
Result
Rebuild Now worked with them to create a new entity to take over the truck leases. As there was no equity in the vehicles, the transaction was commercial, legal and appropriate. Rebuild Now renegotiated the contracts with their major customers and assisted with refinance, using our network of brokers. Once the business-base was solid, Rebuild Now introduced the business owners to a new accountant, as well as a management consultant, who worked alongside them to set up ‘business basics’ and who continues to groom them for present and future business success.
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