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ARTICLE · 14 AUGUST 2018

Solving cash flow problems saves Sydney-based building and construction supplier from going under

BRI Ferrier
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How BRI Ferrier designed and implemented a restructuring strategy that saved construction company.

AustraliaCorporate/Commercial Law
Geoffrey Granger
Geoffrey Granger
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J and I Scaffolding Pty Ltd was a Sydney-based supplier of building and construction equipment. It had 28 employees and a turnover of around $3.5 million.

By mid-2017, it was clear that the company was in financial difficulty. Managing its cash flow was a huge problem. Apart from issues of keeping on top of its account receivable process, there were also discrepancies between their project costing and the actual cost of undertaking contract work.

It was clear the company needed restructuring and its accounting practices reviewed. The BRI Ferrier team were appointed in November 2017 to assist in the company's recovery.

The key issues

The challenge for the company and the BRI Ferrier team was how to:

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