What are the opening hours?

Monday 8:30am - 5:30pm Tuesday 8:30am - 5:30pm Wednesday 8:30am - 5:30pm Thursday 8:30am - 5:30pm Friday 8:30am - 5:30pm

HoganSprowles

Name: HoganSprowles
Address: Level 9, 60 Pitt Street, Sydney, NSW, 2000, AU
Telephone: 0280205850

Home
Australia
Sydney, NSW
HoganSprowles

HoganSprowles is a Chartered Accounting firm providing restructuring, turnaround, insolvency and business advisory services.

We deliver quality outcomes through diversity of experience, integrity, trust and a genuine appreciation for the challenges faced by businesses and their owners. We assist businesses (owners), financial institutions and other stakeholders assess the financial viability of under-performing companies. We develop appropriate strategies to return the business to profitability and assist in the impleme

ntation of those strategies to ensure success. Our Partners are all Registered and Official Liquidators and have extensive experience in all forms of corporate insolvency. Our experience enables us to maximise the value for businesses and its stakeholders through the insolvency regime with a focus on business rehabilitation through Voluntary Administrations and Deeds of Company Arrangement or, if that is not possible, the liquidation of the business. We provide advice to financial institutions, creditors, companies and directors who are seeking an independent opinion on the operational and financial viability of businesses. This often requires a diagnostic review to identify key risks, the root causes of disruption and strategies to improve business performance. Our Partners have all worked within leading Australian financial Institutions and have a sound understanding of accounting and banking concepts enabling us to deliver quality advice that meets the needs of our clients.

29/11/2024

🔍 Wondering how a liquidator is appointed? Here’s a quick breakdown:

1️⃣ Shareholders' Resolution: The company’s shareholders can pass a resolution to appoint a liquidator, with directors nominating their preferred choice.

2️⃣ Court Application by a Creditor: If a creditor is owed money, they can apply to the court to appoint a liquidator, and the creditor chooses who that will be.

Understanding the process can help you navigate tough business decisions.

27/11/2024

🔑 Wondering how liquidation will impact your personal credit file? Here's what you need to know:

💳 A liquidation will likely appear on your credit file, but as long as you’re keeping up with mortgage, credit card, and personal loan repayments, your personal credit shouldn’t be heavily affected.

📉 If you’re looking for new loans, whether for a new company or personally, it might be tougher to secure them, and you may face higher rates. But with the right plan and proof that you can service the loan, finance is still possible—just work with a good broker.

🛑 Don’t let concerns about your personal credit stop you from addressing your company’s financial issues. Taking action sooner rather than later can prevent personal exposure and make it easier to access future finance.

25/11/2024

💡 Wondering if you need to appoint a liquidator for your company? Here’s why it might be the right move:

✅ Protect Yourself from Insolvent Trading: Appointing a liquidator helps limit your personal risk if your company continues trading while insolvent.

✅ Avoid Personal Liability: Facing a director penalty notice for unpaid taxes? A liquidator can help mitigate that risk.

✅ Ensure Employees Are Paid: If your company can't pay employee entitlements, the government (FEG) steps in during liquidation (excluding super).

✅ Prevent Forced Liquidation: Voluntary liquidation lets you take control before a creditor forces the issue.

✅ Know When to Move On: If the business is no longer viable, appointing a liquidator can help you move forward.

22/11/2024

Warning Signs You Might Need to Speak with a Liquidator 🚩

Is your business facing ongoing losses, poor cash flow, or unpaid debts? Here are a few red flags to watch for:

• Ongoing Losses: Consistent losses could mean deeper financial issues.

• Cash Flow Problems: If day-to-day expenses are a struggle, cash flow might be a root issue.

• Negative Working Capital: If assets don’t cover your liabilities, it's a serious concern.

• Unpaid Debts & Tax Bills: Late payments and unpaid taxes can lead to big trouble.

• Legal Actions & Funding Issues: Difficulty getting finance or facing legal demands? These are major red flags.

Don’t wait—early advice can make all the difference. Reach out to learn more!

20/11/2024

Heard of the “Covid Hangover”? Let’s break it down.

During Covid, government subsidies like JobKeeper and relaxed ATO debt collections helped businesses stay afloat. But now that support has faded, and debts are catching up. Many businesses that continued without fixing their core issues are now feeling the strain—this is the “Covid hangover.”

If the pressure’s on, think of it like a health check-up. Sit down with your accountant to assess your debt and, if needed, consider restructuring options like voluntary administration. Take control before the hangover worsens!

18/11/2024

💼 Facing Voluntary Administration? Here’s What You Need to Know:

1️⃣ Pay What You Can: While it’s tough to cover everyone, a realistic payment plan can help you move forward.

2️⃣ Loss of Control: Directors retain some management but can’t make major business decisions—this shift can be challenging, but we work to make it as smooth as possible.

3️⃣ Risk of Liquidation: Without a solid DOCA proposal or if creditors don’t approve it, the company could end up in liquidation.

4️⃣ Stress Factor: It’s a tough process, but with the right administrator, you can navigate it successfully.

If VA seems like a risky option, consider alternatives like Small Business Restructuring (SBR). We're here to help you find the best path forward.

13/11/2024

Voluntary restructuring is a powerful tool for struggling businesses to determine their future. It can feel overwhelming, but here’s how it works:

🧑‍⚖️ An administrator takes control, notifying staff and creditors of their appointment, then assesses whether the business should continue or close. Their goal? To maximize value for creditors.

💼 Options include selling the business or, if the director is capable, using a Deed of Company Arrangement (DOCA) to propose a deal to creditors. If accepted, the company can continue operating as normal with a structured payment plan.

If your business is facing tough times, voluntary restructuring might be the solution. Reach out for advice today!

Address

Level 9, 60 Pitt Street
Sydney, NSW
2000

Opening Hours

Monday	8:30am - 5:30pm
Tuesday	8:30am - 5:30pm
Wednesday	8:30am - 5:30pm
Thursday	8:30am - 5:30pm
Friday	8:30am - 5:30pm

Telephone

0280205850

Website

http://hogansprowles.com.au/

Alerts

Be the first to know and let us send you an email when HoganSprowles posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to HoganSprowles:

Shortcuts

Address
Telephone
Opening Hours
Alerts
Contact The Business
Claim ownership or report listing

Want your business to be the top-listed Business in Sydney?