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BWA Insolvency is a proud partner of the CA ANZ Member Benefits Program in New Zealand.

Knowing when to make the call

Accountants are often the first to notice early signs of financial distress in their clients, but knowing when to bring in an insolvency specialist is not always clear. BWA has developed these resources for CA ANZ members to support that judgement. Here you will find practical guidance, exclusive webinar content and early access to market insights to help you recognise when a client may need specialist insolvency support.  

Since 1994, BWA has built a reputation as New Zealand’s leading voluntary administration and restructuring firm. BWA is led by Bryan Williams, one of only two New Zealand practitioners named a Fellow of INSOL International, and backed by a team of experienced insolvency professionals.

Exclusive webinars

Our exclusive webinars for CA ANZ members will help you identify early signs of financial distress, understand when a formal insolvency process may be needed, and refer clients with confidence. 

Latest articles

When a client wants to borrow their way out: what accountants should ask first

When a business wants to borrow their way out, the real question isn't whether they can get the money, it's what happens when they can't pay it back. This article looks at what changes once a personal guarantee is on the table, what directors need to show under sections 135 and 136 of the Companies Act, and five warning signs it's time to bring in an insolvency specialist.

Advisory vs action: when a situation moves beyond business advice

There's a point where good advice stops being enough, and knowing when that point is reached is one of the hardest calls an accountant makes. This article explains the difference between business advisory and insolvency advice, the warning signs that tell a client has crossed the line, and why referring early keeps far more options on the table.

How BWA works with accountants and advisers

When a client’s financial position is becoming harder to stabilise, the decision to refer them on can feel difficult. BWA works with accountants and advisers to help them understand the options available and give their client a clear, practical path forward. 

Distressed clients rarely run out of options all at once. Warning signs build over time; cash flow pressure, creditor demands, tax arrears, stalled negotiations, or a business that no longer responds to standard advice. 

Most accountants know the moments we’re talking about. A client’s numbers have been telling a difficult story for a while, and without seeking the right advice, it is inevitable that all available options will quickly run out. That is the point where the conversation must move from advisory to action, and the point where BWA can assist.  

We specialise in Voluntary Administration, business restructuring and Liquidation. We also work hard to make the referral process straightforward for you and your client. We recognise the relationship you have built with your client and treat it with care.  

Early referral gives everyone more options. Voluntary Administration works best when there is still cash flow, goodwill with suppliers and other key stakeholders such as landlords, and time to negotiate. The longer a struggling business waits, the fewer options remain.  

If you have a client whose position is becoming harder to stabilise, or where a formal process is starting to look like the only realistic path, we are happy to have a confidential, no-obligation conversation about where things stand. 

BWA Quarterly Market Reports

The BWA Quarterly Market Report tracks New Zealand insolvency activity each quarter, drawing on Registrar of Companies data and BWA’s analysis to show where financial stress is building across the economy.  

As a CA ANZ member, you can receive each new report as soon as it is released. Sign up here and we will send it straight to your inbox.

Get the BWA Quarterly Market Report first

Sign up here to receive CA ANZ exclusive updates from BWA and our Quarterly Marketing Report.

Frequently asked questions

You should consider making a referral when a client’s position is not stabilising despite genuine effort, their options are narrowing, creditor pressure is increasing, or the realistic next step is moving into a formal process rather than ordinary commercial advice. Earlier advice keeps more options open.
When handled well, a referral can strengthen the relationship rather than end it. It shows your client you are looking out for them when the issue has moved beyond what advisory work can resolve. We treat every referral with that in mind.
Voluntary Administration is a structured process that gives a company breathing space from creditors while an administrator investigates its position and considers the options available. That may include a plan to return the business to solvency. Liquidation is different. It brings the company’s operations to an end and winds up its affairs. Voluntary Administration is the option that keeps the most doors open, but it works best when there is still enough in the business to work with.
No. Initial conversations are confidential and obligation-free, whether you speak with us directly or introduce a client.

Talk to BWA

Do you have a client situation you would like to discuss, or a question about how BWA works with accountants? Get in touch, and we will get back to you directly.

BWA Insolvency is based in Auckland and works with people and businesses throughout New Zealand.

Call or email us for a no-obligation chat about your situation.

This page contains links to information about products, goods and services (Member Benefits) which may be available to our members and, in some cases, members’ employees. The Member Benefits are issued and provided directly by our third party partners, sponsors or affiliates (Member Benefits Partners) and not by Chartered Accountants Australia and New Zealand ABN 50 084 642 571 (CA ANZ). CA ANZ is not a representative of the Member Benefits Partners and accepts no legal responsibility for the issue or delivery of any products, goods or services by Member Benefits Partners or for any information provided by a Member Benefits Partner. CA ANZ does not warrant that any of the information provided by a Member Benefits Partner is accurate or complete. Such information is general in nature, was prepared without taking into account your individual objectives, financial situation or needs, and should not be considered to constitute legal, taxation or financial advice. Before agreeing to acquire any products, goods or services under any Member Benefits or, where applicable, offering any such Member Benefits to your employees, you should read the relevant Member Benefit Partner’s terms and conditions, check whether you meet all eligibility requirements and consider seeking independent professional advice from your accountant, lawyer, tax or financial advisor or other professional advisor (including, without limitation, seeking advice as to whether any fringe benefits or income tax implications arise from offering any Member Benefits to your employees). If you have any questions, feedback or complaints about any products, goods or services provided by one of our Member Benefits Partners, you or your professional adviser should contact the relevant Member Benefits Partner directly. CA ANZ acts as a ‘mere referrer’ of each Member Benefits Partner and its Member Benefits only and may receive revenue (for example, a referral fee) from our Member Benefits Partners for informing members how to contact Partners about Member Benefits.