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Business Insolvency Services
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We specialise in identifying and implementing economical and practical solutions for all business trading performance and solvency related problems.
Insolvency is generally defined as the debtor's inability to pay all its debts as and when they fall due for payment. Your business may be insolvent if it has unpaid taxation or superannuation debts, or there are insufficient funds available to pay trade creditors and other liabilities on the due date.
For further information on the business insolvency services provided by Mayfields, please click here.
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Business Turnaround and Profit Improvement Services
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 Not sure what represents a fair rate of return on your business investment?
Are you being adequately rewarded for the hours you work in your business?
Many business owners struggle to earn a commercial return on the funds they have invested in their business. Some could make more money working for wages.
Every business should have specific, measurable financial goals to be reached over the next three to five years and beyond, through to the expected sale date or retirement of the owner. A realistic and achievable business plan and a system to measure and monitor your business's performance are essential planning tools to ensure your business stays on track to achieve its financial objectives.
If you business is under-performing (or you don't know how well it is performing), we can develop and assist you to implement a turnaround or profit improvement strategy . For further information, please click here.
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Preparation of Businesses for Sale
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Preparation for the sale of a business should commence at an early stage, ideally three years before the intended sale date. Buyers may only place a premium value on a business if it can demonstrate a solid track record of profitability, or has strong growth potential. Getting these things right is critical to maximising the value of your business.
For further information on how Mayfields can assist you maximise the value of your business for sale, please contact us.
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What we will not become involved in
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More information coming soon.
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