Minimising debt, maximising profitability.
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A small business restructure is a simplified, cost-effective debt restructuring process for businesses facing financial distress but still trading viably.
It allows directors to stay in control while working with a Small Business Restructuring Practitioner (SBRP) to create a tailored plan that addresses debts and improves financial position.
Faster and less complex than voluntary administration, it helps businesses reduce pressure, streamline operations, and move toward long-term sustainability.
Retain control
Stay in control of the company while undergoing the restructuring process.
Reduce legal action by creditors
Creditors are unable to seek repayments if the company is in a small business restructure.
Solve your Director Penalty Notice (DPN)
Small Business Restructure offers as a solution to ensuring you are not personally liable for the company’s debt.
Take a breath
Providing you with the space to breathe. Work with key experts on devising a plan to get the business back on track.
Turnaround efficiently
Due to the simplified processes, Small Business Restructure creates outcomes in a shorter period than formal insolvency solutions.
Cost-effective solution
Experience reduced costs with a Small Business Restructure.
A Small Business Restructuring is a structured approach to help companies facing financial difficulties reorganise their debts and operations effectively. This process spans approximately 35 business days and is divided into two main phases, with directors maintaining control throughout.
If you find yourself ticking all the boxes, get in contact with us today
At Mackay Goodwin, we specialise in providing restructuring services tailored to your unique needs.
Here’s what sets us apart:
With over 20 years of experience, we’ve guided countless businesses through challenging financial situations. Our team of qualified insolvency professionals brings a deep understanding of Australian regulations and market conditions.
No two businesses are the same, and neither are our strategies. We work closely with you to create a company restructuring plan that aligns with your goals and addresses your specific challenges.
From corporate debt restructuring to managing voluntary administration and a deed of company arrangements, we offer a full range of services to support your business.
We understand the urgency of financial challenges and act quickly to implement effective business restructuring services.
Level 12, 20 Bridge Street, Sydney NSW 2000
Level 14, 120 Edward Street, Brisbane City QLD 4000
Level 16, 90 Collins Street, Melbourne VIC 3000
Level 2, 68 St Georges Terrace, Perth WA 6000
8 Parramatta Sq, Parramatta NSW 2150
Don’t meet the criteria? Your debt relief options may include:
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.
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.
Don’t wait until financial pressures become unmanageable. Prompt action can give you the best chance of recovery. Our experts provide clear, actionable steps to stabilise your operations and set you on the path to success. Get in touch today and take the first step toward rebuilding your business.
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.
Discover several key advantages of small business restructuring:
These benefits ensure you can focus on running your business while we help you navigate the path to recovery.
The restructuring process typically takes 35–50 business days, depending on the complexity of your situation. This includes financial assessments, creditor negotiations, and plan implementation to get your business back on track.
Yes, engaging in a restructuring process pauses legal actions from creditors, giving you time to focus on recovery. Our team handles creditor negotiations to ensure fair and manageable terms for repayment.
A Small Business Restructuring Practitioner (SBRP) is a qualified professional appointed to guide eligible businesses through the formal restructuring process. These specialists provide expert guidance, tailored strategies, and end-to-end support. They help address debt, improve business operations, and create a sustainable plan for your business’s recovery and growth.
Despite no two scenarios being the same, the streamlined process attracts a very reasonable flat fee. More importantly, the expert advice provided by the restructuring practitioner could be vital in the survival of eligible businesses. In the event that a restructure is not possible, small business owners will likely be eligible for a low-cost simplified liquidation process.
Speak to one of our experts now for a free consultation. Enter your details below or call 02 8001 6520.