Olvera Advisors

We're excited to introduce the experts leading our "Unlock the Power of Safe Harbour in 2024" webinar:

Neil Cussen, Partner at Olvera Advisors
James Roland, Partner at Gadens
Steven Mattiussi, Partner at Addisons
Thanks to everyone who has already registered! If you haven’t signed up yet, there’s still time.

📅 Date: 25th June 2024
🕛 Time: 12 PM - 1 PM AEST
📍 Location: Online (Live)

Don’t miss out on this opportunity to gain valuable insights into Safe Harbour provisions and how to navigate them effectively in 2024.

Register Now > https://hubs.la/Q02zWCYw0

We're excited to announce two fantastic opportunities to join our dynamic team.

We're hiring for the following positions:

Marketing Coordinator >

Are you organised, creative, and passionate about marketing? Join us to drive innovative campaigns and collaborate with a vibrant team.
Learn more and apply: https://hubs.la/Q02yzdrl0

Analyst >

If you have strong financial skills and a keen interest in business strategy, this role is perfect for you. Help us with financial forecasting, assessments, and strategic turnaround solutions.
Learn more and apply: https://hubs.la/Q02yzfn90

Applications close on 30 June >

Ready to launch your career in business transformation?

For inquiries, reach out at: [email protected]

The number of corporate insolvencies has reached a decade high. What does this mean for businesses in Australia?

According to data from ASIC, 967 companies filed for insolvency in February 2024. This means a 40% jump in insolvency cases since February 2023.

In our latest blog, we look at the 3 industries most affected by insolvencies: Construction, Hospitality, and Retail.

Read our individual industry analysis and forecast here > https://hubs.la/Q02v6XH50

The Future of Cash in Australia: What Lies Ahead for Armaguard?

According to the company, low demand for cash and a seismic shift to digital payments have brought the company to near insolvency. Supplying almost 90% of Australia’s cash, Armaguard now faces a critical challenge.

What will this mean for the Australian economy and businesses reliant on cash transactions?

Explore the evolving landscape of Australia's business ecosystem. Read the full article here > https://hubs.la/Q02tyRXZ0

Webinar Reminder - Navigating Small Business Restructuring in 2024 Goes Live in Just 3 Hours!

Here's a glimpse of what you can expect from today's webinar:

The Small Business Restructuring Toolkit: Unlock exclusive access to 'Olvera First’s' resource hub, featuring our eligibility tool, restructuring guides, presentations, and more.

Introduction to Small Business Restructuring: Build a robust foundation in restructuring principles, the regulatory landscape, and restructuring strategies for small businesses.

Case Studies and Success Stories: Explore real-life success stories where restructuring significantly improved business outcomes, providing actionable templates for success.

Interactive Q&A Sessions: Dive into live discussions with our experts to clarify your questions, share ideas and to empower your firm or practice.

🌟 Haven't Registered Yet?
Now's the time! Designed for Tax Accountants & Professionals this transformative webinar will give you invaluable insights to navigate small business restructuring with confidence in 2024. Register Here > https://hubs.la/Q02qx3k20

For all who have registered, thank you—we're looking forward to seeing you all soon!

Note: Please ensure you're aware of your local time corresponding to our webinar schedule. If you're unable to attend live, register to receive access to the recording.

Reset & Grow,
Olvera First

A notable downturn in new house constructions is leading to increasingly apparent ripple effects across the sector. This shift reflects changes in market dynamics and underscores the urgent need for the industry to adapt and build resilience.

Read more > https://hubs.la/Q02qmgd60

Threatening 3,000 jobs, BHP's planned shutdown of Nickel West could impact families and communities across W.A.

What does the shutdown mean for Australian mining businesses?

Read more > https://hubs.la/Q02p16T80

This International Women's Day, Olvera Advisors .

We know that restructuring efforts can be made better with a diverse restructuring board and with more women included in a restructuring plan. Our latest blog article talks all about how companies can embrace diversity in restructuring.

Read here > https://hubs.la/Q02nDP350

We're proud to work with so many women who continue to inspire us with their dedication and expertise. Happy International Women's Day!

Embrace growth or brace for impact...

What's ahead for retailers?

Read > https://hubs.la/Q02lBm9-0

From ours to yours - thank you.

Wishing you a wonderful holiday season.

Team Olvera

A year in review >

ABC, Mansa Sons managed investment scheme - https://buff.ly/3TxYZSg
The Australian, Mosaic Brands & EziBuy appointment - https://buff.ly/48uOgvZ
Accountants Daily, Olvera Merger - https://buff.ly/41zqywq
Consultancy, Olvera Expansion - https://buff.ly/4aMxlr1

Introducing our Risk Management Services, offering unique insight into our experience and team in 2024.

Amidst growing uncertainty, you can count on Olvera for clarity and experience when and where it's needed most.

Meet the Olvera experts, view guides and see industry case studies >
https://buff.ly/49Xi4Dh

Introducing our Restructuring & Turnaround services, offering unique insights into our experience.

Meet the Olvera experts, view guides and see industry case studies
https://buff.ly/468ax22

In times of uncertainty, you can count on Olvera for clarity and experience when and where it's needed most.

#2024

Olvera Advisors is proud to announce that we are expanding to
become one of Australia’s leading and
specialists.

We are welcoming four new partners in Neil Cussen,
Robyn Karam, Michael Billingsley, and Tony Wright as the
practice prepares for our busiest period to date.

We established Olvera Advisors three years ago amid the
pandemic and are proud to have expanded the firm and
built out our expertise in this period of time.
Our new partners and staff bring immense experience,
and we look forward to working alongside them to help
our clients across Australia, New Zealand and Asia-
Pacific navigate this dynamic business environment.

Read more from our announcement: olveraadvisors.com/olvera-new-partners/

A big thank you to those who have supported us along the
way and we look forward to speaking with you soon.

Olvera Advisors,
Kate Barnet & Damien Hodgkinson

💡 Distressed Business Sale Opportunity for E-commerce / Retail Investors & Entrepreneurs!

Infancy, a respected local retailer and online store known for high-quality baby and kids clothing, toys, and lifestyle products, is looking for a new owner.

Currently undergoing a distressed sale, this presents a significant opportunity for forward-thinking investors or entrepreneurs to step in and breathe new life into this local kids retailer & online store!

👶 About Infancy:

Despite its current challenges, Infancy's dedication to its customers and community remains unwavering. For several years, it has provided a diverse range of top-quality children's products, earning a strong reputation and a loyal customer base. These factors make Infancy a truly worthwhile investment for those wanting to make a positive impact in the e-commerce sector, or seasoned investors looking to diversify their portfolios with a business that holds immense potential for turnaround and growth.

🔑 Key Features:

1️⃣ Established Market Presence: Infancy's well-known brand, loyal customer base, and diverse product range are solid foundations for revival and success.

2️⃣ Prime Locations: The sale includes the lease for the business location at 7/319 Balmain Road, Lilyfield NSW 2040, and a sub-tenancy at 328 Darling Street, Balmain, currently operating as a pop-up store.

3️⃣ Turnaround Potential: Despite the current distress, Infancy's strong brand recognition and customer base provide a platform for recovery and growth.

We warmly invite expressions of interest from those who can see the value in Infancy and are ready to guide it towards a brighter future.

For more details, or to discuss the sale further, please get in touch with Mirzan Mansoor:

📞 Phone: +61 450 637 394 or +61 2 8880 4073
📧 Email: [email protected]
🌐 Website: infancy.com.au

Please note: all the information provided here is accurate and based on reasonable grounds. This advertisement does not constitute a formal offer or contract.

Buy Baby, Kids Clothing, Toys Online | Top Brands | Worldwide Shipping Our online one-stop shop for Baby & kids' clothing plus Toys & Gifts has everything you are looking for. From Alphabet Soup to Rock Your Baby, Quality Toys & Gifts

Allow me to introduce you to Jay Joshi, an exceptional new Analyst at Olvera Advisors! 🌟

Jay has quickly made an impact since joining the team, applying his sharp analytical skills to a variety of challenging insolvency and restructuring cases. His ability to understand management and client needs and provide tailored solutions has made him a valuable asset in our operations.

Here at Olvera Advisors, Jay works within a diverse and dynamic team. He not only meets but often exceeds the challenges that come his way, using every opportunity to further hone his skills and knowledge.
Jay's journey at Olvera is a testament to the diverse paths that make up our team's story. Feel inspired by Jay's experiences? Consider charting your own course at Olvera Advisors.

Introducing Catherine Lim, Graduate Analyst at Olvera Advisors! 🌟

Only three months into her tenure, Catherine has already begun to make her mark. She is rapidly familiarizing herself with the complexities of insolvency and restructuring, showcasing early analytical skill and a knack for client engagement.

Catherine is starting to play a key role in our operations, supporting both our team and clients through significant transitions.
At Olvera Advisors, Catherine is part of our dynamic, international team. She faces new challenges each day, and using the Olvera tools and resources continues to grow.

Catherine's journey is already adding fresh perspective throughout our team. Inspired by Catherine's early strides? Consider starting your own journey at Olvera Advisors.

Meet Nirvan, Senior Analyst at Olvera Advisors! 🌟

Nirvan has become an essential part of our team, tackling complex insolvency and restructuring projects with precision and insight. He's deeply involved in our operations, helping out team and clients navigate major transitions.
Within Olvera Advisors, Nirvan is part of a vibrant, global team. Every day brings a new challenge, and with every challenge, Nirvan continues to grow and thrive.

Nirvan's journey is another unique chapter in our story at Olvera. If Nirvan's story inspires you, consider starting your own at Olvera Advisors.

Allow us to introduce you to Ivana Widjaja, Analyst at Olvera Advisors! 🌟

Since stepping into her role, Ivana has made remarkable contributions to a diverse portfolio of high-profile projects. She's been on the front lines, actively engaging with client businesses navigating critical situations...

Ivana's journey is just one of the unique stories that make up the fabric of our team at Olvera Advisors. Inspired by Ivana's experience? Consider starting your own story at Olvera.

Partner promotions are recognising your best people and committing to their future... The whole team at Olvera Advisors extends a big congratulations to your success Mirzan - you're growth and dedication since Olvera's beginnings marks a powerful message that an organisation is truly only as good as it's people.

With FY24' predicted to be one of the worst on record for Insolvency and Restructuring, you can count on people like Mirzan in times of uncertainty.

“The secret of change is to focus all of your energy not on fighting the old, but on building the new”

- Socrates

Dominoes Falling in Australia's Construction Industry: Crisis or Catalyst for Change?

Let's not beat around the bush. The construction industry in Australia has seen better days. Big players like Porter Davis Homes have bitten the dust, and it's not just about their downfall - the domino effect has sent a seismic jolt across the whole economy.

For instance, when Porter Davis Homes went into liquidation in March, it left about 1,700 homes and their owners in the lurch. Just think about it: thousands of families in limbo, suppliers left with unpaid invoices, and retailers losing out on the prospects of furnishing those unfinished homes.
It's been a madhouse for the Queensland Building and Construction Commission too. They're swamped with claims, and there doesn't seem to be a light at the end of the tunnel. To top it off, since 2021, over 2,500 construction companies have collapsed. That's a lot of dominoes.

But let's hit pause on the doom and gloom for a second.

Yes, we're in a bit of a bind, but I'm a firm believer in the adage, 'necessity is the mother of invention.' Maybe it's time to switch gears, rethink how we've been doing things. Maybe it's time to not just diversify our supply chains, but our business models and markets as well. And who knows? We might see some new, leaner and greener construction firms rising from the ashes, more tech-driven than ever.

Here's my take:

Crises suck, no two ways about it. But they also make us tougher, force us to adapt and innovate. So, are we on the edge of a construction industry makeover? Could this be the shake-up we needed to break free from outdated practices and business models?

What's your take on this? Do you see opportunities amidst this storm? Can we build a stronger, more resilient industry from the rubble of the old? And is really our future?

I'm keen to hear your thoughts. Connect with us, comment or dm us directly. Let's exchange ideas and insights on how we can pull ourselves together and build a better future for our construction industry.
Cheers,
Olly

Happy Harmony Day! Today at Olvera Advisors, we celebrate the incredible power of diversity and inclusivity in our society. As a diverse team, we know the importance of embracing our differences to create a harmonious and collaborative environment.

This year's theme, "Everyone Belongs," resonates with our core values. We believe that by fostering an inclusive workplace, we can better serve our clients and create a brighter future for everyone.

So, let's join together on this special day and recommit to building a more inclusive and harmonious society. Share your Harmony Day celebrations and experiences with us in the comments below! 💙🤝

Read > https://hubs.la/Q01HCgfF0

Diversity drives better outcomes in times of crisis.

On the special day that we celebrate the achievements of women and embrace a culture of inclusion, we think it's a great time to reflect on the value and power of inclusivity.

We believe that a diverse workplace creates an environment where people feel safe expressing themselves freely and creates a feeling of empathy. We know that empathy builds trust and cooperation with stakeholders. Trust is often an undervalued ingredient in business dealings, and it is even more critical in a time of crisis.

Diversity makes for flexible and creative solutions: Diverse thoughts, minds, and experiences allow us to draw on our personal experiences to better connect, empathize, and understand stakeholders. This helps us to truly connect to stakeholders and understand complexities that may not be evident on the surface or in words. Understanding is critical to devising innovative solutions.

The ability to draw from our diverse personal experiences creates empathy. Empathy can foster psychological safety, which, in turn, leads to greater communication with stakeholders, problem-solving, and innovation, because people feel comfortable about taking risks and trying new things without fear. Taking risks leads to innovative solutions. An empathetic approach drawn from diverse life experiences helps keep distressed situations calmer. Understanding each other’s feelings and perspectives helps take out some of the stress and emotion. Eliminating some of the unhelpful emotion helps to cut to the real issues more efficiently.

We embrace diversity and inclusion in our everyday life at Olvera Advisors because we understand and value diversity of mind and thought. As a high-performing team, we are always looking to improve.

What are your plans this year to ?

Kate Barnet
Principal,

Liquidation vs Administration in Australia: understanding the key differences

Read - https://hubs.ly/Q01F1D-X0

Another restructuring success story. We couldn't be happier for the iconic Australian brand Ginger & Smart with this outcome!

https://bit.ly/3ISdSpl

Fashion label Ginger & Smart dips in and out of administration Creditors have approved the deed of company arrangement allowing the label to exit several leases and focus its business online.

The COVID-19 pandemic hit the global economy like no other previous external shock. The global fashion & textile industry was not immune, experiencing unprecedented upheaval due to the pandemic along with other disruptive forces including advances in digital technology, climate change, changing consumer preferences, and trade tensions.

Now, as the world emerges from COVID-19, local fashion and textile players must adapt to the post pandemic world and grapple with future challenges . Read full article 👇



https://bit.ly/3B6teV3

Establishing agility and resilience in the disrupted fashion and textile industry - Olvera Advisors Contrary to widespread popular belief Australia’s fashion and textile industry is much more than high-end designer fashion, encompassing a complex ecosystem of design, textile, manufacturing, retailing and education activities. Unlike...

Diversity & Inclusion in Australian workplaces is far from being a new concept. However, in the wake of the pandemic the importance of Diversity & Inclusion has, strikingly, come to the foreground.

For a diversity & inclusion plan to make a real difference there must be genuine accountability and oversight. The buck needs to stops at the C-level. Read full article 👇

https://bit.ly/3tHKLBf

Nurturing success through a diverse workforce - Olvera Advisors As organisations grapple with adapting to the post-pandemic world of work, embracing workplace diversity is a key factor in future success. Diversity and inclusion in Australian workplaces is far from being a new concept. However,...