Recent Insights.
8 April 2021
Ledge works with Iron Mine Contracting to bring its growth plan into action
Pictured: Clinton Keenan, CEO at Iron Mine Contracting, Isaac Hough, Finance Executive at Ledge Finance and Derek Williamson, COO at Iron Mine ContractingEstablished in 2015 as a diversified contractor to the Western Australian resources sector, Iron Mine Contracting (IMC) has been achieving major year-on-year growth since inception and has big plans to advance that growth trajectory further. Providing civil, mining, crushing and screening, and Indigenous partnership opportunities to top tier resource clients, IMC aims to solidify its position within the market with a newly developed five year growth plan, supported by Ledge Finance. IMC chief operating officer Derek Williamson said...
29 March 2021
Making home loan finance easy
Delays in home loan approvals coupled with a competitive residential market has increased buyers’ fear of missing out on their dream home. Did you know that pre approvals may not help you secure a home loan? In fact, pre approvals aren’t always necessary if you are wanting to buy a property. In this blog we explore this matter along with: The Difference Between a Standard & Fully-Assessed Pre-Approval What to Consider When Applying for a Pre Approval What is a Preliminary Assessment & how it can help you secure home loan finance How Ledge can put your mind at ease...
18 February 2021
Ledge Finance looks to the future with a relationship-first approach
Having been founded in 1979 as one of the original independent finance broking specialists in Western Australia, Ledge Finance has built its business on strong, long-term client relationships and will continue to do so as it looks to its next chapter of evolution. The company’s founder Phil Botsis passed Ledge’s ownership over to its executive team in late 2020, after forty-one years of growing the company from an equipment-only finance specialist to an all-encompassing debt solutions provider with clients stretching from the Pilbara to the South West and beyond. Chief operating officer Tony Del Popolo said after four decades of...
9 February 2021
New restructuring options for small businesses in 2021
On 10 December 2020, the Government passed new insolvency laws, which include the extension of the existing COVID safe harbour laws to the 31 March 2021, and the introduction of a new debt restructuring process. Advisors and their small business clients should be alert to these changes and are encouraged to act immediately so they don’t risk trading insolvent or exacerbate existing cash flow problems. In this blog we explore the safe harbour provisions currently in place for businesses, the eligibility criteria for the new restructuring options, as well as the new debt restructuring reforms coming into effect now that...
1 December 2020
WA economy forecast: what’s in store for 2021
As we say goodbye to 2020 and start our journey into the new year, we thought we would take some time to review the Western Australian economy, what has been and what’s in store for 2021. WA economic outlook: From uncertainty to resilience Through what has been a very trying year for all, WA has been able to endure the global economic impacts of COVID. The states resilience has been aided by our mining production and commodity demand continuing in overseas export markets, with WA’s 2019-20 mineral and petroleum exports coming to a record total value of $173.7 billion....
1 December 2020
How to finance buying a business
If you’re considering purchasing an existing business, whether it’s buying into a business or buying the entire business, there are several business finance options that can assist you. But first, you need to know what to look for in a business to ensure it’s suited to you. 6 Questions to ask when buying a business Buying an existing business can be easier then starting a business from scratch. It takes away the pain and risk of getting the business off the ground. Once you have decided what type of business you’re interested in, you will need to do some...
13 November 2020
Ledge Finance Ltd announces successful management buyout
Ledge Finance Ltd Announces Successful Management Buyout Ledge Finance Ltd (Ledge) has announced that Chief Operating Officer Tony Del Popolo and the Executive Team have completed a management buyout of the business. Phil Botsis, has entrusted the future of Ledge with the Executive Team effective from the 2nd November 2020. As Founder and Managing Director for over 41 years, Phil built the business into what it is today, a market leader in providing a complete suite of debt solutions to the SME & Corporate markets. “I’m very pleased to announce to the market that after 41 years I’ve decided to...
3 November 2020
Perth housing market update
The way we work, live and go about our everyday lives has changed quite a bit in recent times. Although Covid-19 continues to have a significant impact the economy, the Perth housing market has been somewhat resilient. Sometimes it pays off to be one of the most secluded states in the world! Australian property market outlook It’s no doubt that Covid-19 has had an immense effect on the Australian housing market. One of the most prominent impacts has been the reduction in new immigrants, with overseas immigration going from around 250,000 people a year to practically zero in just over...
3 November 2020
Guide to setting up a small business in Australia
Have you ever thought about setting up a small business in Australia but are yet to follow through? Now is the best time for you to become that entrepreneur you have always wanted to be. Business success results from a strong business model and a unique idea that has been purposefully built to solve problems. Let’s take General Motors, Airbnb and Uber as examples. All three businesses were created to solve a problem. What makes them even more interesting is they were founded during economic downturns. The current business climate is tough to navigate, so it’s essential that you surround...