In times of economic uncertainty, SME businesses are generally squeezed harder than larger ones, with fewer levers to help them navigate financial distress.
This is particularly relevant for manufacturing businesses, which have faced headwinds in recent times caused by high inflation, increasing interest rates, supply chain issues and challenges sourcing skilled people.
This uneven playing field was improved with the introduction of the Small Business Restructuring (SBR) regime in 2021. SBR is a tool exclusively available to SME businesses to restructure their affairs, break the cycle of funding historical losses and set themselves up for future profitability.
Eligibility
To be eligible for the small business restructuring regime, …
Read the full article at: https://williambuck.com/news/business/manufacturing/australias-small-business-restructuring-regime-a-tool-to-revive-your-manufacturing-business/