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About your recovery partner

  • Accountants Daily
    Finalists, Fastest
    Growing Firm
  • AFR Top lOO
    Accounting Firms
  • CA and CPA
    Qualified
    Accountants
  • National Team
  • ASIC Registered
    Liquidators
  • ARITA
    Professional
    Members
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Very knowledge and professional. A pleasure to deal with

- Robert Grul

What is a Small Business Restructure?

Due to economic hardships, Australia’s insolvency framework saw significant changes in supporting small businesses on 1 January 2021. Designed with simplicity and ease, a Small Business Restructure instils business survival.

A Small Business Restructure reorganises your operations, debts and processes with the assistance of a restructuring practitioner. While retaining control of the businesses affairs, we work with you on developing a restructuring plan to achieve a sustainable outcome, and avoid insolvency.

A simplified debt restructuring process to provide you with clarity, control, and certainty.

Streamlining the process to reduce costs and offer a quicker outcome for all stakeholders. Businesses with less than $1m in liabilities continue to trade as reporting obligations and restructure planning take place by an insolvency expert.

What is a Small Business Restructure?

Reduce your financial distress

Retain control

Stain 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:

Get back on track in three simple steps

1. Talk to Us

Submit your
enquiry to our team
of experts

2. Review your
options

We will present a number of
options, advising on the best
process for a positive outcome
for all parties involved.

3. Reduce your
stress

Understanding the weight
of financial stress. We strive
towards a smooth, fast process,
to focus on the next steps.

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Guide to Small Business Restructure

Read More
Read Time
7 minutes

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.

Edwin Narayan

Director & ASIC registered Liquidator

Sydney

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Abby Xu

Senior Analyst

Sydney

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Ramina Ahmed

Analyst

Melbourne

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Edwin Narayan

Director & ASIC registered Liquidator

Sydney

Read More

Abby Xu

Senior Analyst

Sydney

Read More

Ramina Ahmed

Analyst

Melbourne

Read More

Get in touch

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

x

Get in touch

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