The Building and Construction sector is one of Australia’s largest and employs over 1.1 million workers. An integral part of the economy, it encompasses a diverse range of occupations including carpenters, joiners, electricians, painters, construction managers, plumbers and more.
Generating revenue in excess of $350 billion annually, it accounts for a significant portion of Australia’s GDP. On average, more than 1500 businesses in the industry enter external administration every year.
Overview
Industry Challenges
The complex nature of the industry means maintaining good cash flow can be challenging. Undercapitalisation can put significant pressure on smaller businesses with many underestimating working capital requirements to fund projects.
Small profit margins and discerning clients seeking the best price and demanding shorter project timelines means building and construction businesses are under increased pressure, often going over time and over budget.
In addition, as an industry traditionally slower to embrace digital technologies, adapting and identifying new opportunities to innovate and increase efficiency is now more important than ever.
Our Experience
SV Partners has developed an in-depth understanding of specific requirements and business operations having undertaken many appointments of varying difficulties across the Building & Construction industry.
We recognise that specialist knowledge and skills are required when dealing with businesses that are facing financial difficulties, stress or insolvency.
Our previous engagements have been varied and include home builders, engineering services, earthworks businesses, building supply manufacturers, network engineering services, electrical contractors and more.
Our Experience
SV Partners has developed an in-depth understanding of specific requirements and business operations having undertaken many appointments of varying difficulties across the Building & Construction industry.
We recognise that specialist knowledge and skills are required when dealing with businesses that are facing financial difficulties, stress or insolvency.
Our previous engagements have been varied and include home builders, engineering services, earthworks businesses, building supply manufacturers, network engineering services, electrical contractors and more.
How can we help?
Our industry experience has allowed us to develop expert skills and apply them across small and large scale matters across the sector.
We work collaboratively with business owners to assess the main concerns and priorities given the current situation and take a measured approach in our evaluation. We make sure to consider individual circumstances and all contributing factors and discuss options for moving forward.
We are well placed to assist with all Construction and Building matters. In addition to our metro offices, we maintain a strong regional focus in South Australia, Queensland and New South Wales with offices in Adelaide, Mackay, Rockhampton, Sunshine Coast, Toowoomba, Gold Coast, Wollongong, Newcastle, Dubbo and Tamworth.
Are you concerned about your financial position?
Contact us now for an obligation free consultation on
1800 246 801
Case Study - Debt settlement with a bank
Late last year we were approached by a 63-year old lady who presented with the following ‘financial symptoms’: Assets Liabilities 50% interest in a vacant block – $25,000 Bank debt (unsecured) – $215,000 Motor vehicle – $5,000 Superannuation – $100,000 Income (self-employed) – $50,000 p.a. The debtor’s main income-producing activity from 2002 until 2009 was buying and selling properties. She encountered financial difficulty during the GFC which, as we know,...
