Technology & Communication
Around 50% of Australian venture-backed technology startups fail within five years.
- Olvera has worked with a number of start-up organisations working through changes in the industry supporting them through safe harbour programmes and new capital raises. Investors have become more reticent in continuing to fund new businesses that are focused solely on revenue growth demanding that they manage the cash burn and move to positive cash generation.
- Falling demand for fixed line services and strong price competition in the mobile services space have significantly constrained the subdivision’s ability to generate revenue. Consequently, industry revenue has fallen at an annualised 1.2% through 2021-2022, to $35 billion, but is projected to recover over the five years through 2026-27, to $37.2 billion.
- NBN is also forecast to drive sector declines, as a switch from copper systems to fibre optics has increased the number of internet retail services. Internet service providers have historically been among the fastest growing operators in the technology sector.
- Projected rise in subscribers and internet usage will support industry revenue growth. However, the market has become increasingly saturated over the period, reducing the total scope for industry expansion. Overall, industry revenue is forecast to grow at an annualised 1.1% over the five years through 2026-27, to $6.9 billion.
- Australia is home to some of the market leaders in technology security and data management but has one of the world’s smallest venture capital markets for technology startups.
- The recent data hacks which have affected a number of high-profile companies have highlighted to the public and corporate Australia the need for stronger cyber security and data management.
- The appetite in capital markets for technology startups with cash intensive operations has greater reduced while the recent collapse of FTX has further highlighted the need to strong corporate governance around these new technology platforms.
Olvera has worked with a number of start-up organisations working through changes in the industry supporting them through safe harbour programmes and new capital raises.
Investors have become more reticent in continuing to fund new businesses that are focused solely on revenue growth demanding that they manage the cash burn and move to positive cash generation.
Howard’s Home Storage is one of the leading specialist retailers in home and office storage systems with a network of 58 owned and franchised stores.
We worked with the Group’s founders on a Deed of Company Arrangement.
Howard’s Home Storage
Kate Barnet, Damien Hodgkinson
Kate develops strategic solutions for groups dealing in crisis management and/or distress investment. He has over 30 years of experience working with distressed companies in the financial assessment, recoverability, and sustainability of risk assets.
MEET OUR TEAM
Kate Barnet is a recognised leader in the insolvency and reconstruction industry.
Mirzan has in excess of 13 years of experience across restructuring and turnaround, corporate finance, mergers and acquisitions and corporate banking in Australia and in Singapore
Michael offers Olvera Advisors over two decades of international restructuring expertise, adept at innovatively supporting diverse businesses, from small firms to listed companies.
Tony contributes 15 years of insolvency experience to Olvera Advisors, with diverse industry expertise and a unique background in ASIC’s Enforcement Division.
Neil Cussen, a leading authority in insolvency and reconstruction, offers 35 years of experience, excelling in asset tracing, business recovery, and cross-border insolvencies.
Robyn’s inclusion in the Olvera team brings an added 15 years of expertise in corporate reconstruction, insolvency, and forensics.