About

Established in 2009, IRT Advisory is a highly regarded boutique Insolvency, Restructuring, Turnaround and advisory practice, acting with Integrity, Respect and Trust toward all stakeholders of the companies we administer and act for.

We have worked with numerous company owners and directors, their advisors and other stakeholders to identify and implement effective, economical solutions to promote business cash flow, reconstitute the balance sheets of companies burdened with legacy debt and resolve liquidity and solvency issues.

Our Senior People

Director & Principal

Andrew Poulter

Andrew has been working with the owners and creditors of distressed businesses for more than 30 years.

He has 25 years of experience as an insolvency, reconstruction and business turnaround professional. After working for two major firms from 1997 to 2006, Andrew commenced IRT Advisory and has since been appointed as external administrator to hundreds of companies in diverse industries Australia wide.

Andrew is a registered liquidator, a Fellow of CPA Australia and a full member of the Australian Restructuring, Insolvency and Turnaround Association (ARITA).

Andrew undertakes both creditor- and debtor-initiated insolvency appointments, and reconstruction and turnaround engagements. He is supported by a dedicated team of experts.

Consultant

Stan Traianedes

Following senior positions in large accounting practices between 1998 and 2008, Stan conducted his own insolvency and reconstruction practice until 2017, when he joined IRT Advisory as a consultant. Stan brings over 25 years’ senior commercial practice in corporate reconstruction and insolvency with experience in many industry sectors. He is a Fellow of CPA Australia.

Stan has a hands-on approach, working closely with clients to give practical advice and develop cost-effective solutions for business owners experiencing tough times. Stan provides clients with a clear understanding of the legal and financial issues that affect the performance and success of their businesses.

We are best outcome-focussed

In both voluntary and creditor-initiated appointments, we utilise all the tools available to optimise outcomes to all stakeholders of the companies we administer or act for.

We’re boutique but flexible

Although IRT Advisory is a Melbourne based reconstruction and advisory practice, we have the flexibility to accept appointments anywhere in Australia. If an appointment is required in New Zealand, we work in association with our partners in Auckland, Wellington and Christchurch. We’re boutique and proud of it. We don’t pretend to be bigger than we really are by having virtual offices in every state capital. But we’re still able to provide the high levels of service and expertise that our clients, referrers and stakeholders expect from us, wherever needed. Being small gives us the flexibility to adapt to any situation in which we may be called upon to assist.

DON’T DELAY SEEKING PROFESSIONAL ADVICE
CONTACT US TODAY

CALL 9614 4850
REQUEST AN APPOINTMENT

Our approach

We conduct ourselves with the highest standards of ethics and integrity. We will give you our honest opinion of your circumstances and the options available, without sugar coating.

We won’t mislead you by forecasting unrealistic outcomes from a proposed appointment or turnaround engagement.

We’re open and honest about the types of advice we can provide and your possible exposure as the director of a company that may be insolvent. We will let you know when we cannot provide advice on a particular issue, and the reasons why. If we believe you need advice that we cannot provide, we’ll recommend you obtain that advice elsewhere, from an independent professional.

Importance of quality advice

For the SME business operator facing hard times, it is vitally important to obtain information and advice that is correct, timely, transparent and honest – ‘warts and all’ – so you have the best possible understanding of your options and what to expect if you take a specific course of action.

Read More

While IRT Advisory is a fully qualified and regulated firm of insolvency and reconstruction professionals, there are many unscrupulous, unqualified and unregulated pre-insolvency advisors in the market, only interested in extracting money from unsuspecting or overly trusting business owners when they’re at a low ebb, feeling worried, confused and vulnerable. It is imperative at these times to avoid the shonks and only obtain the highest quality advice available from a qualified and regulated professional firm such as IRT Advisory.

Over the years we have seen many cases where business owners have paid large sums of money to untrustworthy advisers for poor quality advice that leads them unwittingly into costly and often illegal schemes designed to defraud their creditors. Such schemes may have superficial appeal, but will likely lead to personal exposure for breaches of the Corporations Act and potentially, loss of personal assets and perhaps bankruptcy.

We have even seen cases where advisors have taken money from a client that was earmarked to settle with creditors, but the advisor then disappeared along with the client’s funds.

Dodgy pre-insolvency advisors may attempt to convince you that some liquidators are unethical and will rip you off if you appoint them. They claim to know who the good liquidators are and will refer you to those practitioners while avoiding others.

These claims should be taken with a grain of salt. Basically, they’re just a pitch to get the shonky advisor’s foot in the door.

Our experience over many years shows that untrustworthy pre-insolvency advisors are only interested in taking as much money as they can get from you, knowing in most cases there is no repeat business and no relationship to protect if they lead you into an illegal scheme which costs you dearly later on.

You will then end up paying twice – once to the dodgy advisor and again for the services of the liquidator – with costs likely to be higher if the advisor has led you into an illegal arrangement.

At IRT Advisory, we’re transparent about a liquidator’s duties to creditors and ASIC. Most importantly, we and all other registered liquidators are strictly regulated by ASIC to uphold the highest standards of professionalism and integrity in our dealings with directors and creditors. As our tagline says, at IRT Advisory we treat all stakeholders of the companies we administer externally or act for, with Integrity, Respect and Trust.

When the chips are down, you need the best available professional advice. Contact IRT Advisory today for a confidential discussion.

Importance of early action

When a business gets into financial difficulty, the dangers of waiting too long before seeking and acting on quality advice cannot be over-emphasised.

Read More

We understand the emotional issues associated with business insolvency, and the natural reluctance of many business owners to admit they need help, to seek help from a qualified reconstruction and insolvency professional and act on that advice. Your pride, dignity and self-esteem are all at stake.

Unfortunately, we see all too often an unwillingness to recognise there is a problem, or a reluctance to act based on a belief that problems can be solved without external assistance. In many cases the business will suffer further financial deterioration and loss of value while its owners remain indecisive.

We know from experience that early intervention will always achieve a better outcome for stakeholders in a troubled business than acting only after a triggering event, such as a Director Penalty Notice, eviction notice or a court winding up application filed against your company. Early action keeps the doors open to more and better options. The longer you wait, the more these options tend to close up, leaving liquidation as the last remaining alternative.

Contact us now to discuss the issues affecting your business before significant damage and loss of value has occurred.