The 2019 KordaMentha – TMA Australia Survey is KordaMentha's ninth survey, providing insights into the causes, challenges and successes of Australian corporate turnarounds.
Wednesday, 11 September 2019
KordaMentha Corporate has recently conducted the ninth edition of its survey into the Australian turnaround market.
Respondents this year have predicted a poor outlook for the economy as global economic conditions and the ongoing trade war increase the risk of a recession.
Key insights from the 2019 survey include:
- The Retail, Construction and Manufacturing (non-mining) sectors were again identified as the industries most likely to decline over the next 12 months.
- The significant trend away from existing lenders towards 'non-traditional' funding sources has strengthened.
- Nearly half of respondents consider that the Safe Harbour, ILRA, and Ipso Facto reforms have had no impact on the turnaround industry.
- Turnaround clients are prepared to pay for the best. Only 23% of respondents identified 'Cost' as an essential adviser factor for turnaround clients.
Please click here to see the survey report.
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