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About your recovery partner

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Very professional, experts in the industry. I would highly recommend

- David Fitzgibbon

Every business hits a rough patch at one point, and it’s okay.

Comprehensive Insolvency Support & Guidance

Mackay Goodwin is a leader among insolvency practitioners for our comprehensive approach to insolvency. We manage the immediate pressures of business insolvency while looking towards long-term recovery, making us the preferred choice to get your business back on track.

Holistic Insolvency Solutions

We aim to deliver holistic solutions that address the symptoms and root causes of your financial challenges. Our insolvency services include detailed financial analysis, operational adjustments, and strategic planning to ensure your business moves forward and thrives. We work closely with you to understand your business’s unique challenges and opportunities, offering customised advice and practical steps to improve cash flow, reduce costs, and optimise overall performance.

Navigating Complex Regulations

We expertly guide you through complex legal and financial landscapes. Our experience in navigating these regulations as an insolvency firm ensures your business meets all legal obligations and takes advantage of any regulatory support available. We make the process transparent, straightforward and headache-free, reducing the stress associated with legal compliance so you can focus on running your business.

Proactive Prevention Strategies

Besides addressing current insolvency issues, we proactively work with you to prevent future financial distress. This includes monitoring financial health indicators, providing ongoing advice, and helping you implement changes that strengthen your business’s financial standing. 

Our support extends to business restructures, including deed of company arrangements and voluntary administration, streamlining your operations to improve efficiency and profitability. Gain expert support from a team dedicated to your business’s longevity and success. We help you navigate the ups and downs of business with confidence and strategic foresight.

Expert Insolvency Solutions

In times of financial uncertainty, knowing the right steps to take can save your business. At Mackay Goodwin, we provide timely and effective insolvency solutions to businesses facing financial distress. If you're dealing with hassling, persistent creditor pressures, daunting ATO notices, or cash flow problems, reaching out to us today can dramatically improve tomorrow’s outcome for your business.

In company insolvency, taking early action is crucial. It allows you to explore a broader range of options and implement strategies to prevent further complications. Addressing issues as soon as they arise, you maintain more control over the outcome, potentially avoiding more drastic measures such as liquidation. Have a smoother path to recovery with early intervention, preserving valuable business relationships and protecting your company’s reputation. Let us help you stabilise your operations and secure a sustainable future for your business.

How do I know if it’s time to speak to a professional?

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

Why Choose Mackay Goodwin as Your Insolvency Firm?

We strive to put you back on the front foot. Here’s why we’re leaders in business insolvency, Australia-wide:

Tailored Insolvency Services

We understand that every business situation is unique. Our approach to corporate insolvency involves a detailed assessment of your company’s specific circumstances. We tailor our services to provide the best possible path to recovery and sustainability. This bespoke approach allows us to address the complexities of your situation with the most appropriate and practical actions. Complemented with flexibility in service delivery, we adapt our strategies as your business needs and market conditions evolve.

Action-Driven Solutions

Making intelligent, informed decisions at the right time can be the turning point for your business. At Mackay Goodwin, we pride ourselves on promptly planning and executing effective strategies. With an action-oriented approach, we are always ready to move quickly and apply solutions to seamlessly navigate business insolvency.

We’ll assess your business’s financial health and operational strategies to identify the root causes of distress and implement effective insolvency remedies. Setting clear goals and milestones, we ensure every step taken is a strategic move to recover, optimise and reset your business. This dynamic method allows us to respond swiftly to changes, so every strategy aligns with the latest conditions, providing you with the agility to overcome obstacles efficiently.

Dedicated Expertise in Insolvency

Access a national team of qualified and passionate insolvency, company restructure and liquidation practitioners. Our expert team includes ASIC-registered liquidators and ARITA professional members. They bring years of experience and a deep understanding of financial challenges businesses experience, offering personalised, strategic advice that aligns with your unique business needs.

To provide you with proactive solutions that safeguard your interests, we stay updated on the latest industry changes and regulations. By working closely with you, we ensure our strategies are implemented smoothly and effectively, enhancing your chances for a swift recovery. With Mackay Goodwin, you receive valuable solutions to overcome your financial challenges and drive your business towards success.

Innovative & Strategic Corporate Advisory

Beyond immediate insolvency solutions, we offer comprehensive corporate advisory services to prevent future financial distress. By addressing issues related to company solvency early, we help you make informed decisions that promote sustainable business growth and stability.

This forward-thinking strategy alleviates current issues while positioning your business to avoid pitfalls. Our advisory services equip you with the tools and knowledge to navigate complex business environments confidently. Build long-term resilience with us and ensure your business remains robust despite economic fluctuations.

The first step is the hardest. The next steps?
They may include:

    We've helped businesses just like yours.

    Reducing debt levels by 85%, back to profitability

    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. An 85% reduction in debt got the company through a major trading and cash flow problem.

    Turnaround legal expenses into a positive

    When an Adelaide building development corporation found itself in a lengthy and protracted legal dispute over a costly project, it found itself unable to trade out the heavy losses it had incurred as a result of the deal. Thanks to a DOCA, restructuring and dispute resolution managed by Mackay Goodwin, the corporation continues to trade today.

    A 75% reduction in debt levels saw Melbourne-based company thrive again

    When a Melbourne-based earthmoving firm managed to contact Mackay Goodwin over their financial difficulties, they had built up a $280,000 backlog with the Australian Taxation Office (ATO). Thanks to the advice and actionable solutions of our experts, the firm saw A 75% reduction in tax debt, and it got this earthmoving corporation moving again.

    Act Now – Secure Your Business’s Future with Our Insolvency Experts

    Don’t give up on your business, and we won’t either. The earlier you act, the more options you have to overcome and rebuild. Whether it’s resolving director penalty notices, navigating bankruptcy, or undertaking liquidation processes, we are here to support you every step of the way. Book a free consultation with our experts today, and take the first step in turning your business around and advancing towards success. In business, some moments are critical. These are the moments Mackay Goodwin is made for.

    Corporate Insolvency FAQs

    Being charged with insolvent trading is rare, complicated and a costly action. There needs to be strong evidence of insolvent trading. If you are concerned of being charged, it is best to get on the front foot and get expert advice.

    If your company is structurally organised as a sole trader, and you are experiencing signs of insolvency. Your options for business debt can be addressed through any personal insolvency paths.

    There have been recent legislative changes to help small businesses who are facing financial distress. This includes simplified liquidation and a small business restructure process. Both have been designed for businesses who have liabilities of less than $1 million. Get in contact today to see if you’re eligible.

    Meet the people in your team.

    At Mackay Goodwin, we have a nationwide team ready to assist you. Our team of qualified professionals, including ASIC registered liquidators are experts at finding solutions for people facing financial difficulties. Located across all major Australian cities, we’re ready to help you in any situation.

    Edwin Narayan

    Director & ASIC Registered Liquidator

    Sydney

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    Abby Xu

    Analyst

    Sydney

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    Edwin Narayan

    Director & ASIC Registered Liquidator

    Sydney

    Read More

    Abby Xu

    Analyst

    Sydney

    Read More

    Edwin Narayan

    Director & ASIC Registered Liquidator

    Sydney

    Read More
    All People
    All People

    Get in touch

    Speak to one of our experts now for a free consultation.
    Enter your details below or call 1300 750 599.

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    Get in touch

    Speak to one of our experts now for a free consultation.
    Enter your details below or call 1300 750 599.