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.



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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.

Resources

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What is a Small Business Restructure?

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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

Edwin NarayanEdwin Narayan hover

Edwin Narayan

Director & ASIC Registered LiquidatorSydney

Edwin is a valuable member of the senior Mackay Goodwin team, with a huge amount of expertise and experience in running a range of different Deed of Company Arrangement proposals, for Administrations across a diverse range of industry sectors, and in all states across Australia.

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Andrew Ngo

Andrew Ngo

DirectorSydney

Andrew Ngo is a seasoned professional with a wealth of experience in insolvency, restructuring, and business advisory services. As a Director at Mackay Goodwin, Andrew is committed to helping businesses navigate financial challenges with tailored solutions and strategic guidance. His expertise spans various industries, enabling him to support companies through complex restructuring processes, voluntary administrations, and liquidations.

Andrew’s focus is on providing practical, client-centric advice that drives positive outcomes for businesses in need of financial recovery. With a strong track record of assisting companies through challenging times, he is a valuable asset to Mackay Goodwin’s mission of standing with Australian businesses when it matters most.

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Ben SkinnerBen Skinner hover

Ben Skinner

General CounselSydney

With 20 years of experience in insolvency and restructuring as a private practice lawyer, Ben Skinner has made a rewarding transition to an in-house role at Mackay Goodwin. His deep expertise now supports insolvency practitioners in guiding Australian businesses through financial challenges. Ben’s in-house position allows him to make a greater impact, offering strategic advice and hands-on support to help companies navigate financial adversity and achieve stability.

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John Kukulovski

John Kukulovski

Director & ASIC Registered LiquidatorMelbourne

John Kukulovski brings over 20 years of experience in the insolvency industry across Australia and the United Kingdom. As a Director at Mackay Goodwin, he is committed to the company’s mission of “Standing with Australian Businesses in the moments that matter.” John’s expertise spans voluntary administrations, liquidations, receiverships, and small business restructurings.

He has supported businesses in various sectors, including construction, hospitality, sporting clubs, information technology, manufacturing, and real estate, developing a deep understanding of the challenges associated with financial distress and recovery. John’s focus is on guiding Australian business owners through difficult times, ensuring positive outcomes for all stakeholders.

John holds a Bachelor of Commerce (Accountancy) and is a member of the Institute of Public Accountants. His combination of practical experience and strong educational foundation enables him to deliver tailored solutions that address the unique needs of each business.

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Grahame WardGrahame Ward hover

Grahame Ward

Director & ASIC Registered Liquidator

Grahame Ward is a Registered Liquidator and Administrator with expertise in industries like property, tourism, transport, hospitality, and manufacturing. Since 1996, he has specialised in corporate and personal insolvency, reorganisation, restructuring, and crisis management. As a Chartered Accountant and Official Liquidator, Grahame is known for delivering timely and practical advice, especially in complex insolvency matters. He is actively involved in professional development through ARITA, sharing his knowledge as a workshop leader. Grahame is committed to achieving positive outcomes for stakeholders, offering reliable support during challenging financial situations.

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Bradley SollyBradley Solly hover

Bradley Solly

DirectorPerth

Bradley 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.

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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.