Services: Restructures and Workouts
PGS Restructures and Workouts Purpose
Purpose
GS Restructures and Workouts exists to solve problems when business owners and directors have some or all of the following issues:
- Burgeoning Insolvency/Working Capital-Liquidity issues/Inefficient Balance Sheets
- Issues with Banks, ATO and/or Trade Creditors
- Personal or Director Guarantees
- Directors Penalty Notices
- Disaffection between Shareholders, Directors and Management that is choking the business
Target Audience
Small/Medium Private Businesses, Developers, Small/Medium sized Public Companies.
Scale
Balance Sheets Ranging from $1M-$500M.
Approach
Preliminary Assessments are confidential and conducted to assess how to best structure our support – it is rare that we can't help on some level. We respond quickly, are hands on and often encourage our clients to engage the services of our specialist Insolvency Law Firm partners from our carefully chosen panel to form part of the solution team.
Key Insight
The longer Owners/Directors/Management delay action the more it ends up costing them - FACT.
PGS Restructures and Workouts Services – Insight and outcomes
Restructure Solutions
Often companies big and small find themselves in financial distress because of poor Balance Street Structures, the wrong equity mix or structure, the wrong working capital structure and products, inefficient use of what is available to them in their Balance Sheet. This is usually about a lack of understanding or awareness, rather than a case of poor management. This will generally get identified at our preliminary assessment, the solutions aren't necessarily easy but generally something can be done - as we know what solutions are available and where to access those solutions.
Settlements With Banks, ATO and Trade Creditors
PGS has developed a unique skill set of being able to analyse the different options available to given situations and bring clarity and sense to discussions that otherwise can be emotional for all stakeholders. It is through rigorous analysis, research on all the options and the integrity of our people that cause us to eventually win the trust of all stakeholders to achieve our buy in to the strategies and solutions that we identify.
Stakeholder Engagement
Once PGS is engaged we look to engage with all the key stakeholders at the appropriate level. This is a key component to our success, knowing what to convey, when to convey it, how often and to whom. We aim to have regular transparent dialogue with the key stakeholders, to ensure we achieve strong engagement to our approach and ultimately our strategy and solutions.
PGS Restructure and Workout's - Experience and Skill
PGS Restructures and Workouts team amazing track record of solving problems for clients, is a culmination of hiring only high caliber, experienced individuals with Commercial/Corporate Banking experience, Accounting or Legal expertise in this specialized field, and possess a strong will to win for their clients. We are the best and stand out because:
- We take on assignments most traditional advisors view as too hard
- PGS Team exhaust every avenue and have a never say die commitment to their clients
- PGS recognizes that resolutions are often reached at the 11th Hour when seemingly all avenues have been exhausted
- We have a true commitment to achieving Win/Win outcomes
- The Banks now recognize our services as achieving better outcomes for them and their clients dealt with early & proactively