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  • Back in Business

    You’re in uncharted waters

    Like many businesses facing challenges in 2020, you’ve done everything you can. Don’t give up. We’ll help get you back on course.

    Things have changed

    You’ve worked hard to grow your business, but right now, the numbers look impossible. Find out how to adapt and come out stronger.

    You need expert advice fast

    You’re looking for a trusted partner to guide you through options so you can overcome financial hurdles. We won’t give up until we find your way forward.

    Your 4-step recovery plan

    Here’s how we work with you to meet your unique needs. The sooner we get started, the better your chances of success.

    Expert advice

    We consult with you about your situation and concerns. Our initial consultations are FREE and confidential.

    Review your options

    We provide options tailored to your needs.

    Make a plan

    Together, we plan how to get your business back on track or efficiently wrap things up.

    Take action

    We act on your behalf throughout recovery or liquidation for a smooth process.

    Every business is different. After we review your individual circumstances, your plan could include:

    If you’re getting behind on payments, we can provide advice, reports, and strategies to help get your finances back on track. We’ll negotiate with landlords, banks, financiers, and the ATO to uncover all your options for cashflow management and improving your position. That way, you can make the best decision and move forward for your business, investors, and team.

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    If you’re not sure whether your company can stay afloat financially, we’ll help you find the best solution. Possible outcomes include:

    • Appointing an Administrator to assist your business
    • Entering into a Deed of Company Arrangement (DOCA)
    • Voluntary administration may give your company the best chance of recovery – and the best possible outcome for all your stakeholders.
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    For businesses in severe financial distress, we’re here to help during this difficult time. Guiding you through Insolvency with clarity, integrity and understanding. Backed by data, insight and analysis to deliver the best possible outcome at every moment.

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    Sometimes the best option is to close your business. If we assess your company as no longer viable, we’ll guide you through the business liquidation process, from selling off assets to pay your creditors to winding up the company to minimise losses. Taking action early will give owners and employees the opportunity to move forward as soon as possible.

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    About your recovery partner

    Liquidators registered by ASIC

    ARITA Professional members

    CA & CPA qualified accountants

    40+ staff nationwide

    AFR top 100 accounting firm 2017, 2018, 2019, 2020

    “A pleasure to work with, efficient and proactive in their approach to all tasks. Transparent with information and very honest each step of the process, with no surprises at the end. I would highly recommend Mackay Goodwin to friends, family and colleagues.”

    “[They provide] communication with where everything is at, only do the work that needs to be done and don’t run up costs.”

    Back in Business

    Security Company Case Study

    An 85% reduction in debt gets company through a major trading and cash flow problem. An electronic security company in Brisbane with clients ranging from small boutiques to international mega-corporations within Australia was experiencing difficulty with their cash flow, so Mackay Goodwin stepped in to help.

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    Building Developer Case Study

    This South Australian builder continues to trade, thanks to a DOCA, restructure and dispute resolution. When an Adelaide building development company found itself in a lengthy and protracted legal dispute over a costly project, it found itself unable to trade out of the heavy losses it had incurred as a result of the deal.

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    Earth Moving Company Case Study

    75% reduction in tax debt gets this earthmoving company moving again. By the time a Melbourne-based earthmoving company contacted Mackay Goodwin over reducing their accrued debt, they had built up a $280,000 backlog with the Australian Taxation Office (ATO).

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