Get Back on the Front Foot

At Mackay Goodwin, we understand the complexities and pressures business leaders face, especially when financial challenges loom large. With extensive expertise in insolvency and liquidation, our award-winning and qualified team, including ASIC-registered liquidators, specialises in turning these challenges into opportunities to recover, optimise and reset. Whether you're dealing with unmanageable cash flow issues, overwhelming creditor pressures, or ATO notices, our approach provides clear, actionable solutions.

Take Action for a Better Outcome for Everyone

Don't wait for financial pressures to dictate your next move – the sooner you contact us, the better your chances at recovery. Reaching out to Mackay Goodwin earlier opens a pathway to more options and better outcomes. Our experts are here to listen, understand, and guide you through your financial recovery journey. Speak to our team today for a free consultation and take the first step towards recovering your business’s economic health.

Support Designed for Recovery & Growth

Corporate Advisory

Navigate the complexities of business growth with our corporate advisory services. We help you secure capital, strategise for sustainable development, and connect with the right stakeholders, ensuring your business is well-positioned for success. Our services include corporate debt restructuring, which helps you reorganise your financial obligations to better manage cash flow and operational costs.

With our guidance, you'll gain insights into making informed decisions that propel your business forward and access the tools and resources needed to achieve your objectives efficiently.

Restructuring Your Business

Discover the power of a small business restructure and company restructure with Mackay Goodwin. Our strategies streamline operations, improve profitability, and lead your business to long-term success. By reorganising your company's structure and processes, we can help you adapt to market changes more quickly, reduce costs, and enhance operational efficiency, paving the way for improved growth and profitability.

We offer voluntary administrationexpertise, which gives your business a moment to pause and plan for what comes next. With voluntary administration, you can work with our insolvency experts to find a new direction for your business.

One option we explore during restructuring to aim for optimal turnaround success is the deed of company arrangement (DOCA). This agreement is between your business and its creditors on how to satisfy the company’s debts. It’s a path that gives your business the best chance to keep running while ensuring creditors see a return on what they are owed. However, it's important to understand that a DOCA is just one of several outcomes of a restructuring process and isn't a guaranteed step in every voluntary administration.

Navigating Insolvency

Insolvency doesn’t have to mean the end. Our insolvency services aim to maximise value, minimise risk, and explore every avenue for business recovery. Understanding when to seek help can be the key to turning things around. If you're encountering any of these signs, it's crucial to act swiftly and get in touch:

• Received a Director Penalty Notice (DPN).
• A noticeable downturn in cash flow or revenue.
• Accruing and overdue tax debt.
• Difficulty borrowing funds.
• Hassling creditor calls over unpaid invoices.
• Warning letters such as a Statutory Demand or Director Penalty Notices.
• Losing key stakeholders like clients or employees.
• PAYG and Superannuation Tax Issues.

The earlier you get in contact, the more we can do to help. Our team is skilled at navigating these challenges, offering solutions to prevent further financial distress and ensure the best possible outcome for your business, your employees, and your creditors.

Addressing Director Penalty Notices & Liquidation

Facing a director penalty notice or contemplating liquidation? We carefully guide you through these processes, ensuring you’re well-informed about your options and the best course of action. Partnering with Mackay Goodwin offers the advantage of having a dedicated team by your side, experienced in turning challenging situations into positive outcomes, ensuring you're supported at every turn.

Why Mackay Goodwin Stands Out

Choosing Mackay Goodwin means having a reliable team dedicated to your business’s recovery and growth. Here's why countless Australian corporations trust us:

1. Tailored Solutions

Every business is different, and there's no one-size-fits-all solution to financial challenges. We listen closely to your situation, goals, and concerns, crafting strategies designed around your unique business needs. This personalised approach ensures we address your immediate issues while positioning your business for future success.

2. Action-Oriented Solutions

At Mackay Goodwin, our approach is about being proactive and facing challenges directly. We're always on the lookout for potential issues, ready to transform them into opportunities for growth. Our action-oriented solutions mean we do more than just make plans – we put them into action, ensuring your business thrives.

Part of our proactive strategy includes setting clear deadlines and maintaining open, transparent communication with everyone involved. We know the importance of timelines and keeping everyone in the loop. This helps manage expectations and ensure there are no surprises along the way.

Our commitment to clear communication means you'll always know where you stand, the next steps, and how we're progressing towards resolving your financial challenges. It's about creating a partnership where trust is built on honesty. With Mackay Goodwin, you can be confident that your business is in capable hands, moving forward with purpose and clarity.

3. Expert Team

Benefit from an experienced team with over 20 years of expertise in insolvency, restructuring and bankruptcy. We bring extensive knowledge from various industries, offering insights beyond standard solutions. This diverse expertise means we can tackle complex problems from multiple angles thoroughly. With Mackay Goodwin, experience a team that combines understanding with action to deliver outstanding results.

4. Innovative Approach

In today’s ever-evolving business landscape, staying ahead requires more than traditional methods. We leverage the latest technology, tools, and strategic thinking to provide efficient and effective solutions. This forward-thinking mentality helps us anticipate challenges and opportunities, preparing your business for what's ahead.

Securing Your Business's Future: What Happens Next?

When Mackay Goodwin steps in as your insolvency specialist, we prioritise ensuring favourable outcomes for your business and all parties involved. This delicate balance is our forte – we’re experts at navigating these priorities with precision and care.

Upon appointment, our role can evolve to include negotiating with creditors on your behalf. Our expertise allows us to handle these negotiations effectively, aiming to reach agreements that serve the best interests of your business while respecting the priority of creditor rights. 

Mackay Goodwin is dedicated to putting your business back on the path to success. Acting quickly and getting in touch with us will allow us to steer your situation towards the best possible resolution. Together, we can work towards stabilising your operations and setting a course for recovery and growth, ensuring a balanced consideration for all stakeholders involved.

Partner with Mackay Goodwin Today

Your journey towards financial stability begins with a conversation. Mackay Goodwin is here to support your business through its most challenging moments with innovative solutions focused on your success. Contact us today, and let's explore how we can transform your financial challenges into opportunities for growth and recovery.