Weekend Edition: Back from the brink. How to save a business in distress.
What do businesses do when sales are slowing and costs are rising? Brisbane-based turnaround specialist Michael Fingland provides some sage advice.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 13th June 2025
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Data from CreditorWatch shows that almost one in ten hospitality businesses in Australia shut down in the 12 months to April. Whilst the growth in insolvencies has levelled off this year, it doesn’t mean the worst is over. Michael Fingland, CEO of Brisbane-based turnaround specialists Vantage Performance, fears that the cost of living is starting to bite for businesses reliant on discretionary spend. So, what should companies be doing when income is falling and costs are rising? Michael offers some sage advice and explains how turnaround specialists tackle the issue - even for companies that are trading insolvent.
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