Insolvency
Now there is a real choice for insolvency
practitioners...
rhas directors have a combined 60 years experience in supporting insolvency practitioners and can add value to your services because rhas...
- Carries out Inventories
- Carries out Valuations
- Manages Asset Sales, whether that be by auction , private treaty sale or tender
Can arrange other ancillary services such as
- Changing locks
- Security
- Insurance
- Removal and Storage
- Valuations of Intellectual Property
- Valuation valuation of Real Property
We work ethically and professionally to achieve the best solution for you, and we guarantee the result!
rhas provides accurate valuations. We do not low-ball values but provide an accurate estimate of what assets are worth in the current market in an orderly liquidation.... and to provide reassurance, we GUARANTEE our valuations - it's like having an offer on the table from the moment you receive the valuation. The practitioner can negotiate with confidence against the valuation knowing that rhas underwrites the value.
rhas carries out valuations on a time cost basis but now also offers the Practitioner an additional “set price” option:
- The “set price” option is based on the well known 80/20 rule: 80% of the value of the assets in any administration is probably represented by 20% of them and therefore to reduce costs rhas will provide a fixed price quote to provide a detailed inventory of a minimum of 80% by value of the assets and an en globo value for the remaining 20% of the assets.
Asset Sales
Traditionally Practitioners have followed a course of action that saw any worthwhile business advertised for sale as a going concern and if not sold as a going concern, offered for sale piecemeal at auction. rhas offers a range of options:
- rhas will broke the sale of the business on behalf of the Practitioner. This allows the use of the “salesman’s puffing” that cannot be used by the Practitioner
- rhas offers a broking service for the piecemeal sale of assets on 3 different bases:
- auction
- private treaty
- tender
The highest and best price for any asset is not necessarily achieved at auction as auction relies on a competitive environment that best suits the sale of assets where there is a large and ready market. For other assets a sale negotiated directly with a purchaser or achieved by tender will often generate a higher return.
rhas will ensure that the most appropriate method of sale is used, every time. We know What its Worth
At rhas we know what it’s worth because that is what we are trained to do... and we understand the difference between different types of value.
All our valuers are members of the Australian Property Institute, the Auctioneers and Valuers Association and are Certified Practising Valuers. Our valuers are also Chartered Machinery and Business Assets Surveyors.
Where appropriate our valuers are also members of the Jewellery and Allied Trades Valuers Council. (Click here to go to Key People)
rhas has demonstrable Experience in...
- Engineering
- Steel Fabrication
- Steel
- Electronics
- Food Processing
- Forestry
- Woodworking & Joinery
- Restaurants
- Plastics
- Petroleum
- Hospitals
- Hotels
- Retail Inventory
- Earthmoving & Construction
- Trucks and Trailers
- Motor Vehicles
- Jewellery
- Antiques and Fine Arts
- Comics
We work Ethically and Professionally
rhas maintains the highest integrity in carrying out valuations and will not accept instructions in circumstances where there is a conflict of interest or where the nature of the instructions are ethically unacceptable. Indeed, we are compelled to do so by virtue of our membership of:
- Royal Institution of Chartered Surveyors
- Australian Property Institute
- New Zealand Property Institute
- Auctioneers and Valuers Association
- Jewellery & Allied Trades Valuers Council
- Marketing Institute of Australia
How We'll Do It
- We’ll provide you with a pro forma Request for Valuation or Sale as a template for either electronic transmission by email or by fax. If fax’d this form can be hand written.
- We’ll receive your instructions electronically to save time
- We’ll immediately arrange an on site inspection
- We’ll inspect the asset, take a detailed description including serial numbers etc (depending on whether you have ordered a fixed price or time cost valuation)
- We’ll provide the valuation with embedded photography
- We’ll provide the valuation in hard copy and on CD-ROM
- We’ll advise on and give whatever additional assistance is required in respect to such matters as security, insurance, etc.
- We’ll provide advice regarding the best methods of sale
- We’ll ensure that you receive the most accurate valuation
- We’ll ensure that you achieve the best price every time
rhas offer valuation and brokerage services in the following areas:
- Receivership
- Controllership
- Business Valuations
- Business Assessments
- Workouts
- Turnaround Strategies
- Management Accounting
- Asset Protection
- Expert Evidence
- Personal
- Voluntary Administration
- Deeds of Company Arrangement
- Liquidation
- Dispute Resolution
- Other insolvency
We provide services to a range of insolvency practices including