Take a breath
Providing your small business with the space to breathe. Work with our experts on devising a plan to get your business out of financial trouble and back on track.
Turnaround Efficiently
Due to the efficient processes, Small Business Restructuring terms are simplified.
Cost-effective Approach
A Small Business Restructuring plan drawn up by experts will help you get more favourable terms with creditors, costing your business less time and money.
About your recovery partner
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What is a Small Business Restructure?
A simplified debt restructuring process, small business restructuring lets directors remain in the driver’s seat. It offers a lifeline to businesses facing financial difficulties with a structured approach to improving a company’s operational efficiency and financial health while being able to continue trading. Tailored for businesses facing financial challenges yet having viable business models, a small business restructure is an efficient solution for resolving financial distress.
A small business restructure is a cost-efficient alternative to voluntary administration, aimed at simplifying operations and debt management while preserving resources and business continuity. The process is managed with the guidance of a Small Business Restructuring Practitioner (SBRP). The SBRP expertly crafts a Restructuring Plan that details the methods for managing debts and altering operations to achieve profitability.
Early engagement with a qualified SBRP can effectively streamline your operations and financial strategies, preserving employment and avoiding drastic measures such as liquidation.
Small Business Restructure in Brisbane
Experiencing financial pressure, from managing cash flow to dealing with creditors, can become overwhelming for business owners and may lead to a company restructure. During times of financial crisis, the right support can pivot your future from downfall to recovery. Mackay Goodwin offers a lifeline with expert insolvency services, specificallysmall business restructuring in Brisbane. Acting quickly helps mitigate risks, lets you maintain control and opens up more opportunities for success, creating a better outcome for all parties involved.
Small Business Restructuring in Brisbane: Strategic Plans
A small business restructureis a proactive approach designed to improve a company’s operational framework and financial health. It is a tailored process designed specifically for small businesses facing financial difficulties but with viable underlying business operations. It is particularly suited for companies with total liabilities of less than $1 million, enabling them to renegotiate debt terms and reorganise operations without surrendering control. Compared to a voluntary administration, it is a cost-effective strategy focused on streamlining operations and managing debts without needing more extensive processes. No matter your situation, Mackay Goodwin is your specialist for a hassle-free and beneficial process.
A small business restructure also allows directors to retain control over the company while making critical decisions that involve rethinking and realigning business operations and financial strategies to current market conditions. This includes renegotiating terms with creditors and pivoting business models to suit economic realities effectively.
Key experts in small
business restructure
process
Our small business restructuring solution isn’t just reactive, it is proactive. We don’t only help you deal with current financial risks, but we carefully analyse your business processes and help you identify potential problem areas that need attention. We support you, your firm, and your employees as we chart a way forward together.
Comprehensive Support System for Every Phase
Feel assured at every step. We manage the details, including negotiating with creditors and managing corporate debt restructuring, facilitating a smooth transition to financial health.
We support your businesses through every step of the small business restructuring process in Brisbane. From the initial consultation to the final stages of recovery, our experts offer continuous guidance, ensuring you are informed and confident with each decision. This hands-on approach helps ease the stress of financial uncertainty.
Proactive and Preventive Measures
We’ll get you back on the front foot with the aim of long-term success while ensuring compliance with legal requirements.
Our team develops plans to help streamline operations, reduce costs, and improve cash flow, securing your business’s health for the future. With us, you can experience a headache-free small business restructure in Brisbane as we seamlessly navigate complex legal frameworks, ensuring compliance at every step of the process.
Reduce your financial distress
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.
Is my company eligible for a
Small Business Restructure?
If you find yourself ticking all the boxes, get in contact with us today
Don’t meet the criteria?
Your debt relief options may include:
Small Business Restructuring in Brisbane – FAQs
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.
Meet the people in our 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.
Get in touch
Speak to one of our experts now for a free consultation.
Enter your details below or call 1300 750 599.
Get in touch
Enter your details below or call 1300 750 599.