22/08/2013 2:28:56 PM
Family Owned Human Resources firm and Legal Practice have accrued tax arrears as a result of growth of HR business (BRW Fast 100 2 years running).
Commercial Facilities including increase to clear tax arrears $1.57m, Home Loan facility $1.73m. Security - Bank valued Residential property @ $5.0m.
Both businesses trading profitably - EBITDA 2012 $578K, 2013 $510K and cost reduction program of $250K in place.
Ideally requires major bank lender with commercial attitude.
Contact: Barry Schilling 0449 903 290
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