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Company Liquidation Melbourne

Is your company experiencing financial distress? We have a team of ASIC-registered liquidators to guide you through the tough times.

Contact our Melbourne team

Level 16, 90 Collins Street,Melbourne, VIC 3000
02 8001 6520

Credentials That Back Our Results

Accountants Daily Finalists, Fastest Growing Firm
AFR Top lOO Accounting Firms
CA and CPA Qualified Accountants
National Team
ASIC Registered Liquidators
ARITA Professional Members

Support When It Matters Most

At Mackay Goodwin, our national team is here to support you. Our qualified professionals - including ASIC-registered liquidators - are passionate about helping people overcome financial challenges.
With specialists based in every major Australian city, we’re equipped to assist you wherever you are.

Why choose us?

Innovation

We’re always exploring smarter, more effective ways to support our clients. By embracing new technology and forward-thinking strategies, we stay ahead of the curve - so you can, too.

Focus

We never take a ‘one size fits all’ approach. That’s why we take the time to understand your goals and tailor our approach accordingly, focusing on strategy, outcomes, and what works best for you.

Action-oriented

We don’t wait for problems to surface, we stay proactive. Always thinking ahead, we anticipate needs and pre-empt issues before they arise. Putting our clients on the front foot, with us by their side.

Understanding

Financial challenges affect more than just the bottom line - we get that. That’s why we approach every situation with empathy, treating each client as a person, not a number.

Corporate Liquidation

Whether voluntary or court-ordered, our ASIC-registered liquidators manage the process with care and expertise. We take time to understand your situation and goals, then implement a plan to address financial challenges. If your aim is to exit and reset, we ensure a smooth, efficient, and cost-effective process.

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Signs to Contact Liquidation Specialists

If you are experiencing one or more of the below insolvency indicators, it is best to get in contact with our expert team today.

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Liquidation Services Melbourne

While liquidation is a key option for business owners to consider, it’s not the only path forward. We’ll assess every possible solution for your business, which may include:

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.

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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.

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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.

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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.

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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.


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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.

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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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Get Expert Advice

Every business experiences challenges - but you don’t have to face them alone.

Our Melbourne-based liquidators are here to help you understand your options, take control of your situation, and move forward with confidence.

Contact us

FAQs

Liquidation is a suitable option to wind down the operations of a company in an orderly way. It ensures assets are appropriately and legally distributed, minimising the impact of insolvent trading.

It also gives shareholders, creditors, and directors the opportunity to have an independent expert investigate and manage the liquidation. Creditors understand that liquidation is a fair and legal option for an insolvent company to deal with its financial affairs.

Liquidation is a complicated legal and financial process, and it can take anywhere from 3 months to a year depending on the type of liquidation, the size of the company, the number of stakeholders, and more. A registered liquidator needs to be agreed on, the terms with creditors need to be negotiated, and the assets of the company need to be auctioned off.

If this sounds complicated and you’re not sure where to start with a business liquidation, you can always give us a call here at Mackay Goodwin. Our team will help you close the doors and wind up company’s affairs.

A wind-up notice is initiated by your creditors or the Tax Office to check the solvency of your company and take subsequent measures. It is a very serious document that requires business owners to act immediately.

Get in touch with us today for a free confidential consultation, and our team here at Mackay Goodwin will help you overcome your financial challenges.

A company’s assets are distributed to interested parties in the order of their priority and likelihood of receiving payment.

The order of who gets paid first in liquidation is as follows:

  1. Secured creditors

A secured creditor is the first type of creditor to be paid in liquidation. A secured creditor refers to those who have an interest over the company’s assets (mortgage or charge).

A secured creditor also has the right to retrieve a receiver for those who default on their repayments. Engaging in an independent receiver results in the receiver selling some or all of the company’s assets to ensure the debt is repaid.

2. Priority creditors

Next to be paid are priority creditors (employees), those who have a legal priority during the liquidation.

3. Unsecured creditors

Unsecured creditors are the last to be paid during liquidation. An unsecured creditor are those who have no collateral over the company’s assets (trading partners, ATO etc). They may be able to retrieve funds in the form of dividends after secured and priority creditors are paid.

Meet the Melbourne Team

Richard LawrenceRichard Lawrence hover

Richard Lawrence

Director & ASIC Registered LiquidatorMelbourne

Richard 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.

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Jack MichieJack Michie hover

Jack Michie

Associate DirectorMelbourne

Jack has over a decade of experience in corporate insolvency. Working through a diverse range of both formal and informal appointments, Jack is passionate when it comes to helping clients and stakeholders achieve successful outcomes. After completing his Bachelor of Commerce, Jack is further extending his study as he works towards completing his CPA and ARITA qualifications.

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