Insolvency & Receivership

Situation

An entrepreneur client based in Victoria, required urgent funding to assist with the repayment of their Deed of Company Arrangement (DOCA) to allow their company to come out of administration. The clients approached NWC Finance as other lenders could not assist them under their circumstances, leaving them exposed to further financial hardship and a minimal chance of trading out of administration.

Solution

After reviewing the clients’ positioned, NWC Finance obtained security by utilising a blend of first mortgages and PPSR registrations over the client’s assets in 3 states, encompassing property, specialised assets and equipment. Through the expertise of a proficient and professional team, NWC Finance successfully delivered funding within a 48-hour timeframe.

Outcome

Through NWC’s funding, the client successfully maintained their business operations and avoided a receivership scenario that could have led to financial losses and challenges. NWC Finance’s practical strategy and pragmatic approach effectively addressed the client’s financial requirements within a very short time frame.

Situation

A property investor, asset-rich but cash-flow poor, had purchased a substantial property but lacked the funds to cover GST at settlement. With an outstanding ATO debt preventing them from accessing additional financing, they needed a solution within five days.

Solution

After reviewing the client’s position, we leveraged our NSW property portfolio to secure $2M through a combination of registered first and second mortgages.

Outcome

We settled the transaction in just four days, allowing the client to pay the GST, complete the property settlement, and receive a GST reimbursement to clear their debt. This ensured they maintained a strong credit profile and could continue securing funding without obstacles.

Situation

The owner of a concrete company had fallen behind on creditor repayments and was at risk of legal action. With the business under significant financial distress, traditional lenders were unwilling to offer support.

Solution

To resolve the issue, the client entered into a Deed of Company Arrangement (DOCA), successfully negotiating reduced settlements with creditors. Working alongside their accountant, an agreement was  structured using our in-house facility to enable the payment plan through a cash-out solution.

Outcome

NWC Finance developed a cross-collaterised financing solution by securing a second mortgage on the client’s property and registering charges against the company’s concrete trucks. This strategic approach enabled the business to settle outstanding creditor obligations, secure refinancing, and resume operations with enhanced financial stability.

Situation

A family-owned construction business in Victoria was under significant creditor pressure after falling behind on ATO obligations and supplier payments. With debts mounting and cash flow tightening, the company faced the prospect of a formal insolvency process. The owners required urgent funding to complete a small business restructure and continue trading.

Solution

NWC Finance provided a $500,000 facility secured against the client’s residential property. Leveraging our in-house decision makers, we were able to quickly assess the client’s position and approve funding without the delays typical of traditional lenders. This speed and flexibility allowed settlement within five days, enabling the client to pay critical creditors, address outstanding ATO debts, and restore cash flow to stabilise operations.

Outcome

Thanks to NWC’s rapid and flexible funding solution, the client successfully executed their restructure, removed immediate insolvency risk, and preserved business continuity. The company stabilised operations, retained key contracts, and maintained employment for staff. With their financial position restored, the client is now preparing to refinance the facility with a long-term lender.

Situation

A Sydney-based boutique retail business was struggling with overdue supplier invoices and urgent tax obligations. The business faced mounting pressure from creditors and the possibility of insolvency without immediate financial intervention. Traditional lenders could not provide funding quickly enough to address the urgent needs.

Solution

NWC Finance provided a $180,000 facility secured against the client’s residential property. Leveraging our in-house decision makers, we were able to assess and approve the funding rapidly. Settlement was completed within three days, giving the client the liquidity needed to pay critical creditors, satisfy urgent tax obligations, and stabilise operations.

Outcome

With NWC’s fast and flexible funding, the client successfully executed their business restructure, alleviated immediate creditor pressure, and avoided insolvency. The business maintained operations, preserved key supplier relationships, and positioned itself to refinance with a long-term lender once financials stabilised.

Situation

A hospitality business was struggling with rising costs, declining sales, and mounting debt owed to their existing lender and suppliers. With guidance from their accountant- a trusted advisor for 10+ years, they leveraged a Small Business Restructuring (SBR) approach to avoid external administration.

Solution

A restructuring partner was appointed to develop a plan for creditors, incorporating two key aspects: financial restructuring and growth strategies. Our team served as the initial bridging finance partner to address the business’s immediate cash flow needs.

Outcome

Within six months, the restructuring plan successfully stabilised the business’s finances, improved profitability, and attracted new customers- setting the foundation for long-term success.

Situation

The client, a successful transport and logistics operator based in South Australia, was unexpectedly served with an ATO wind-up notice for an unpaid tax debt they were unaware of. They urgently required funding within 24 hours to resolve the issue and protect their business.

Solution

NWC Finance cross-collateralised the client’s unencumbered trucks, trailers, and business goodwill to secure the loan and release funds quickly.

Outcome

With NWC Finance’s support, the client paid off the tax debt, avoided liquidation, and continued trading. They later refinanced through a traditional leasing facility. Freed from immediate financial pressure, the directors were able to refocus on operations—leading to significant improvements in cash flow and trading performance, ultimately enabling a successful refinance with a second-tier lender.

Situation

A NSW-based client operating in the hotel and childcare sector faced severe tax liabilities, including unpaid GST and superannuation contributions. The ATO had issued a wind-up notice, requiring urgent settlement within four days to prevent liquidation.

Solution

NWC Finance structured a facility using a mix of one first mortgage and three second mortgages across the client’s residential, commercial, and hotel assets. This provided the funding required to satisfy the ATO within the strict deadline.

Outcome

The wind-up proceedings were halted, allowing the client to stabilise their business. They sold down selected assets to reduce debt, while NWC financed the balance, enabling them to continue trading. NWC Finance’s fast and flexible approach prevented liquidation and preserved the client’s operations.

Situation

A Western Sydney-based client in the concrete industry had fallen behind on supplier payments, resulting in the appointment of a liquidator over their main trading entity. To regain control and continue operations, the client urgently required funding to clear supplier debts.

Solution

NWC Finance arranged a $700,000 facility secured against two industrial properties, one of which was the client’s principal place of business. Settlement was achieved within four days, providing the immediate funds needed to pay out creditors.

Outcome

The facility enabled the client to discharge supplier debts and remove the liquidator from their trading entity. With creditor pressure resolved, the business was able to continue trading and is now positioned to refinance once operations are fully stabilised.

Situation

A Sydney-based financial services professional had fallen behind on tax obligations, prompting the ATO to issue a wind-up notice. With only days to act, the client required urgent funding to satisfy the ATO and halt the proceedings. Traditional lenders were unable to assist within the required timeframe, leaving the client at risk of liquidation.

Solution

NWC Finance structured a facility secured by a second mortgage over the client’s residential property. The $250,000 loan was settled within three business days, providing the funds necessary to pay the ATO and withdraw the wind-up action.

Outcome

The wind-up notice was successfully resolved, allowing the client to avoid liquidation and maintain control of their business. By unlocking equity in their property, the client created a clear pathway forward with an exit strategy tied to the sale of the asset. NWC Finance’s rapid response provided a lifeline at a critical moment.