Deed of Company Arrangements

To make strong and informed business decisions, you need to know your options. At Romanis Cant we work with businesses to create a Deed of Company Arrangement (DOCA) as part of the process of voluntary administration.

During the DOCA process, we undertake financial modelling that supports the company’s ability to continue trading, while dealing with the company’s creditors and their existing claims under this formal arrangement. Each business is different, so our experts take the time to tailor each DOCA to the specific circumstances of each business. Our aim is to minimise the impact on employees and stakeholders while assisting with the management of debt. Corporate Insolvency doesn’t need to spell the end of your business, the team at Romanis Cant is here to help you move forward with the best course of action possible.

Liquidations, both court and voluntary

Winding down a business is far from simple. No two businesses are alike, especially when it comes to corporate insolvency. Romanis Cant has decades of insolvency and liquidation expertise across a wide variety of industries.

We have vast experience protecting, collecting and selling company assets, investigating financial and business records, reporting to creditors, and distributing money to creditors from sale of assets.

Our care, knowledge and experience are one of the reasons so many SMEs choose Romanis Cant when facing financial distress. We are dedicated to helping you to achieve the most positive outcome for all stakeholders involved.

Provisional Liquidator

In emergency situations, where assets may be hidden or compromised, or when director behaviour and disputes may impact the liquidation of a business, appointing a Provisional Liquidator may be necessary.

Romanis Cant have acted as court appointed Provisional Liquidators for over 30 years. Our experience across a broad range of industries has seen us successfully safeguard company assets during the wind-up application process. We effectively and efficiently review company operations to understand the business at a deeper level, and provide objective, independent information and expert opinions to the court. For expertise that matters, Romanis Cant are the trusted choice as an appointed Provisional Liquidator.

Receiverships

When a company is unable to repay their debts, and secured creditors intend to recover money owed, they may appoint a receiver to administer the debt recovery process. This can also happen when management teams are unable to continue business operations during financial strain, or when there is major failure in business control, management systems, director and shareholder disputes, ongoing losses or even defaults on loan repayments.

Our trusted team have worked with many secured creditors during Receiverships, appointed to collect and sell assets and businesses for debt repayment, and reporting any issues or irregular matters as required under the law. Our care, experience and due diligence across 30 years of practice has established Romanis Cant as a reliable name when it comes to Receiverships.

Members Voluntary Liquidation is less drastic than other forms of liquidation. If a company ceases trading, can prove it is solvent, and is able to pay off all its debts within 12 months (including anything owed for tax), a Members Voluntary Liquidation can proceed.

As experts in liquidation and insolvency, Romanis Cant can provide advice and support to companies looking to go into Members Voluntary Liquidation. We can help quantify, understand and realise company assets, address payment of liabilities and debts, ensure distribution of surplus funds to shareholders, and make certain that tax lodgements are submitted accurately, including the payment of any outstanding or current obligations.