Business Restructuring, Turnaround & Insolvency Solutions
Standing with Australian businesses in the moments that matter.
Our business services
Small Business Restructure
Want to manage debt while retaining control of your business? If your company owes less than $1 million, a Small Business Restructure offers a faster, more cost-effective solution.
Liquidation
Winding up your insolvent company for good? Liquidation is a formal process that ensures remaining assets are fairly distributed to creditors. Our experts guide you through every step, providing clear advice and support to help you exit with confidence and compliance.
Creditors’ Voluntary Liquidation
In a CVL, our ASIC-registered liquidators manage the formalities - from convening shareholders to placing the company into liquidation - making the process smoother and less stressful at every stage.
Members' Voluntary Liquidation
Eliminate communication hurdles when dissolving a company through MVL. Allow us to assist by conducting a review, liquidating your company and distributing assets to the relevant parties.
Voluntary Administration
Worried your business may not stay afloat? Voluntary Administration gives you the breathing room to restructure, continue trading, and work towards profitability—while ensuring fair distribution to creditors.
Safe Harbour
Safe Harbour protects directors from insolvent trading claims when following a formal restructuring plan. We act as your restructuring partner, developing a clear strategy to stabilise & strengthen your business.
Receivership
We bring extensive experience in Receivership appointments and acting as Agent for Mortgagees. If you're a funder, secured creditor, or adviser to a financial institution, we’re here to support you.
Why choose Mackay Goodwin?
Innovation
Innovation is in our DNA. We use technology and forward-thinking to find better ways to achieve results. By staying up to date with industry insights, we keep two steps ahead to deliver real value.
Focus
We never take a ‘one size fits all’ approach. Each client has specific needs and goals, so we tailor our plans accordingly. Focused at every moment, we lay the groundwork for continuous success by honing in on the right priorities and outcomes.
Action-oriented
There are no guarantees in business, but reaching goals takes positive action. Proactive and forward-thinking, we anticipate needs, pre-empt issues, and set clients up for the future.
Empathy
We know this can be a difficult time, both personally and professionally. With offices nationwide, we support businesses across Australia, treating every client as more than numbers — with respect and understanding at every step.
Take the first step
Your journey towards financial stability begins with a conversation. Mackay Goodwin is here to support your business through tough times with innovative solutions focused on your success. Acting swiftly is key. Making the right decision in critical moments makes all the difference.
Let's explore how we can transform your financial struggles into opportunities for growth and recovery. Get in touch today.
Director Penalty Notice (DPN)
A Director Penalty Notice is a notice issued by the Australian Tax Office (ATO) notifying the director/s they may be personally liable for the company’s tax debts.
After receiving a DPN, the best point of action is to contact an insolvency expert to resolve your debts.
Business Health Check
A powerful tool to gain valuable insights into your business.
Diagnose areas of improvement and maintenance with actionable, measurable plans to enhance your company’s future.
Book today for your free Business Health Check.
Our People
David Hurst
Director & ASIC Registered LiquidatorSydneyDavid has a wealth of experience across receiverships, voluntary administrations and liquidations together with restructuring and turnaround engagements. Growing up in Bathurst, NSW, David’s interest in agriculture and passion for motorsport translates to his hands-on approach in the insolvency industry. Taking upon a broad range of appointments, David provides a thorough analysis of the current situations his clients are facing and provides the best possible outcome for them and other stakeholders. David’s experience allows him to draw on a broad range of prior appointments and their unique nature to facilitate the survival of a business where possible by using achievable arrangements.
Bradley Solly
DirectorPerthBradley Solly is a Chartered Accountant with over a decade of experience advising directors and business owners in financial distress. Specialising in business turnaround, debt recovery, and insolvency, he helps clients explore all options to preserve value and improve outcomes for all stakeholders. With advanced certifications in restructuring and insolvency from ARITA, Bradley offers expert guidance on business viability, creditor management, and sustainable recovery solutions. He has held senior roles at firms like GTS Advisory, JBC Corporate, and RSM Australia, bringing a wealth of expertise to every client engagement.
Richard Lawrence
Director & ASIC Registered LiquidatorMelbourneRichard Lawrence is a highly experienced Chartered Accountant with a strong focus on insolvency, restructuring, and business advisory. With a career spanning several leadership roles, Richard has advised numerous businesses on navigating financial challenges and maximising value for all stakeholders. His expertise includes corporate restructuring, business recovery, and managing complex insolvency cases. Richard’s commitment to providing tailored solutions has made him a trusted advisor, ensuring businesses can overcome financial hurdles and thrive. He has held key positions in prominent firms, where he applied his extensive knowledge to deliver sustainable outcomes for clients.
FAQs
Mackay Goodwin offers support to businesses seeking capital or facing financial difficulties. We create strategies tailored to your needs, helping minimise risk, reduce debt levels and restart growth to potentially make your business profitable again.
We have a personal approach to each client, and ensure we meet your needs by:
- Listening to your situation with empathy, before we provide any expert advice.
- We will meet you face-to-face, anywhere in Australia, to discuss your options.
- Regardless of what you need, whether liquidation, administration, restructure, bankruptcy, or additional funding, we can help you.
- Our team of specialists are ready to assist you 24/7.
- We are a national firm with local teams.
If your business is struggling, look out for these signs:
- Unable to meet repayments on time
- Consistent cash flow issues
- Inability to pay creditors on time
- Declining sales or revenue
- Ongoing losses
- Difficulty obtaining financing
- Threats of legal action from creditors
If you notice any of these, it may be time to consider a small business restructure or insolvency assistance. Our team provides expertise to help identify the right decision for your business, helping Australian businesses move forward with confidence.
A receiver focuses on recovering money for a secured creditor, usually by selling specific assets tied to a loan. A liquidator manages the complete shutdown of the company, ensuring assets are sold and funds distributed to all creditors before the business is deregistered.
An insolvency firm helps businesses or individuals who are unable to pay their debts. Their role is to assess the financial situation, provide advice on the available options, and guide clients through formal processes such as liquidation, voluntary administration, receivership, or restructuring. They also act as independent professionals to ensure that creditors’ rights are protected, assets are dealt with properly, and the best possible outcome is achieved for all parties.
If your business is in financial trouble, acting swiftly is crucial. Contact Mackay Goodwin to determine your best option. Our operational and financial expertise ensures you receive the right advice to minimise risk.
We provide support by offering tools and advice to help businesses regain control and realise their potential. Whether it’s a restructure turnaround or insolvency, our team helps Australian businesses stay on track with integrity. Schedule a free consultation today.