Fast-growing R&D tax consultancy BourkeHood falls into voluntary … – SmartCompany

BourkeHood founder Jason Hood. Source: Supplied

Fast-growing research and development tax advisory BourkeHood has entered voluntary administration, with its high-profile founder highlighting cashflow challenges at the firm.

On Thursday, KordaMentha announced Kate Conneely and Rahul Goyal were appointed as voluntary administrators for BourkeHood Pty Ltd, trading as BourkeHood.

In a statement shared by KordaMentha, BourkeHood founder and CEO Jason Hood said the business was beset by cash flow concerns.

While this was not an easy decision, [voluntary administration] was necessary to address the cash flow challenges we faced in our Australian operations and acknowledge the impact this may have on our clients and employees, he said.