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Asset Protection

There is more to wealth creation then just accumulating it. Retaining wealth is equally important to ensure what you have created is well protected from any inadvertent situation that may leave your business exposed. 

Progression Group are well versed in assessing your likely risks and inherent exposure.

Directors often find themselves working within their business attending to the day to day operational issues. Have you ever considered the consequences to your business if it suffered a serious on-site injury to an employee or the harsh reality of a major customer being placed in Administration?

These are just two common examples of everyday commercial happenings and unless you are protected, the cost to your bottom line could be enormous.

Operating a correct trading structure with little tangible assets in conjunction with an investment structure with minimal risk is instrumental in reducing exposure to events outside your control. The failure to appropriately consider the risks and responsibilities as a Director could be an extremely stressful and costly exercise in the event your business becomes the target of serious litigation. 

Progression Group can assist you in complying with the Personal Properties Securities Act by arranging for your Terms and Conditions to be updated, hire agreements to be drafted and provision of in-house training so your staff are competent in operating the Personal Properties Securities Register. 

We also implement strategies to tidy balance sheets that may be currently at risk and can provide greater internal control regarding exposure to bad debts and in-house embezzlement.

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What Our Clients Say

A few years ago business became really tight. We were under constant pressure and could really feel the heat building as cashflow became tighter with rising fuel prices and labour costs.

– Brian Harper, Director, Region Peak Transport Pty Ltd

An opportunity presented for me to buy into a business. Whilst I knew the industry, I didn’t know where to start in terms of determining what the business was worth and how I could protect myself and my family.

– Nick Stehr, Director, Healthcare Lifting Specialists Pty Ltd

Thank you Progression Group for caring, assisting in obtaining some restitution and saving our business. We now have the tightest internal control mechanisms of any business!

– Timothy Eagle, Director, Eagle & Stork Plumbing Pty Ltd

Progression Group acted for my business from when it was a small outlet in Coburg turning over $60,000 through to when we sold the business 10 years on, turning over $12m from a large commercial premise based in Brunswick.

– Jon Amiss, Former Owner, CDS Gourmet Foods

As sole Director, I continue to meet with Progression Group on a quarterly basis to review our business performance. Establishing budgets and constantly monitoring actual results guarantees business success.

– Simon Best, Director, SBV Pty Ltd trading as Barry Plant (Mitchell Shire)


Our Core Values

BALANCE – Doing what is required to remain inspired
RESPECT – Behaving with honesty, integrity and care
EDUCATION – Delivering innovative, practical and effective solutions
PRIDE – Our commitment to excellence in who we are, what we do and how we do it
SHARING – Connect the dots to benefit others

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