About your recovery partner
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AFR Top lOO
Accounting Firms
CA and CPA
Qualified
Accountants
National Team
ASIC Registered
Liquidators
ARITA
Professional
Members
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.
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:
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.
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.