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Business is tough. It's ever-changing. One moment your business is booming - the next, it’s facing a major hurdle.
Restructure and Turnaround is a business strategy used to improve the financial health of a struggling company. It involves reorganising operations, finances, or management to stabilise and return the business to profitability.
As insolvency experts, we have the outside advantage, to review the company’s affairs from an outside perspective. Providing clear communication, a clear plan and an effective outcome for all parties involved.
Staying afloat amid financial difficulties is paramount. This is where Mackay Goodwin steps in as your insolvency expert (https://mackaygoodwin.com.au/insolvency/). Our corporate debt restructuring provides a lifeline for businesses in distress with debt, creditor pressures, or ATO notices. We offer tailored solutions, addressing the root causes of your financial struggles and ensuring sustainable success and stability.
Don’t let financial distress define your business’s future. If you are experiencing one or more of the following indicators, get in contact with our restructuring practitioners today. Act now – the sooner you start, the better your outcomes.
From small business restructuring to voluntary administration, our solutions are built to simplify the complex and prepare your business for the future with professionalism and efficiency.
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.
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.
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.
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.
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.
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.
We bring extensive experience in Receivership appointments and acting as agents for Mortgagees. If you're a funder, secured creditor, or adviser to a financial institution, we’re here to support you.
Accessing expert support during critical times is essential for a successful financial turnaround.
With a proven track record, Mackay Goodwin helps businesses navigate financial stress with clarity and confidence.
When an electronic security company in Brisbane was experiencing difficulty with their cash flow, Mackay Goodwin stepped in to help. With clients ranging from small boutiques to international mega-corporations, an 85% reduction in debt got the company through a major trading and cash flow problem.
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.
When a Melbourne-based earthmoving firm contacted Mackay Goodwin about their financial difficulties, they had already 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.
No matter the size or stage of your business, acting early can make all the difference. Our experienced team is here to guide you through every step of the restructuring process, helping you regain control, reduce financial pressure, and build a stronger path forward. If your business is facing financial challenges, now is the time to take action.
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.
David 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.
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.
A company can undergo a restructure at any given time. There are key moments in the business life cycle that highlight the need to consider a restructure, they include:
If your business is experiencing any of the above restructuring indicators, it’s best to get in contact with our expert team to maximise return and minimise the business's risk.
During a restructure, the company directors remain in control of business affairs. The restructuring practitioner has a duty to act as the company’s agent.
Business turnaround refers to when the business hits a pivot from negative to positive. It puts the business on the path back to profitability. The turnaround process involves a strategic plan, review and execution usually triggered by a serious financial challenge.
When your business is experiencing financial distress, it can be confusing knowing which path is the right one to take in alleviating your financial worries. There is a common confusion amongst business owners surrounding the differences between liquidation and administration.
Entering liquidation is for when the business needs to close its doors and wind up the company’s affairs. The process involves selling assets to repay creditors following a de-registration. Whereas, administration is when the business is experiencing challenges, yet is still deemed viable. An experienced insolvency practitioner is able to determine which path is the best for the business and its goals.
The small business restructuring process allows eligible companies to address financial difficulties while remaining in control of day-to-day operations.
It begins with appointing a small business restructuring practitioner. The company's restructuring proposal statement and restructuring plan are then prepared, outlining how creditors will be paid. Creditors vote on the plan, and if accepted, the business can continue trading while repaying its debts under the agreed terms.
Speak to one of our experts now for a free consultation. Enter your details below or call 02 8001 6520.