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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

  • Accountants Daily
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    Growing Firm
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    Accounting Firms
  • CA and CPA
    Qualified
    Accountants
  • National Team
  • ASIC Registered
    Liquidators
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    Professional
    Members
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Very knowledge and professional. A pleasure to deal with

- Robert Grul

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.

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Small Business Restructure in Perth

Running a business is challenging. When financial hurdles become overwhelming, it can strain any business owner, particularly when the future of your operations hangs in the balance. Get back on the front foot and onto the path to stability with a small business restructure in Perth. At Mackay Goodwin, our dynamic team is dedicated to crafting strategic restructuring solutions that carve out the essential time needed for recovery. We’re in this together—don’t give up, and we won’t either.

Timely Action in Small Business Restructuring in Perth

The earlier you address financial challenges, the wider your spectrum of potential solutions for recovery. Business management is complex and sometimes distressing; timely advice from an experienced insolvency specialist can drastically alter outcomes. Initiating a small business restructuring in Perth with Mackay Goodwin at the first signs of financial stress can help you find a way around escalating issues and avoid drastic actions like liquidation or bankruptcy.

The Benefits of Choosing Mackay Goodwin for Your Small Business Restructure in Perth

Expert Customised Consultations

No two businesses face identical challenges, and we stray away from the ‘one size fits all’ approach. Instead, we provide bespoke solutions with a small business restructure in Perth tailored to meet your unique business challenges. From company restructures to corporate debt restructuring, our expertise across varied industries ensures minimal disruption and maximises results.

Comprehensive Support

From start to finish, our agile and dedicated team offers steadfast support throughout your small business restructuring in Perth. We handle every detail with the utmost attention to detail, from negotiating with creditors to managing complex corporate debt restructuring. Our team ensures every decision is backed by valuable insights, made at the right time and with your confidence.

  • Strategic Negotiations: Our strategic creditor negotiations and mediation can secure favourable recovery terms.
  • Turnaround Expertise: We respond with strategies that support operational efficiency and financial health.

Beyond small business restructures across Perth, our team excels in every aspect of restructures and turnaround, including drafting a deed of company arrangement and managing director penalty notices.

Proactive, Future-Focused Strategies

Our goal is to secure the best outcomes, setting your business up for sustained success. We strategise to streamline your operations, reduce overheads, and improve cash flow, ensuring your business’s long-term health.

Experience headache-free small business restructuring in Perth as our experts seamlessly navigate legal complexities, ensuring compliance at every turn. We act with intelligence and innovation, backed by deep expertise and crucial data.

Transparent, Timely Communication

Clear and consistent communication is central to our partnership with you. Our team keeps you fully informed throughout the small business restructuring process in Perth. This lets you stay in control and ensures you are well-prepared to make knowledgeable decisions, reducing the stress of financial uncertainty.

A Record of Proven Success

Our track record demonstrates our ability to turn financial distress into substantial business success.

We hold a history of successful small business restructures in Perth and nationwide. Our expert advisors use their vast industry knowledge to craft strategies that not only resolve immediate financial issues but also foster long-term profitability.

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.

Small Business Restructure Perth-Wide: Retaining Control

Engage in a small business restructure in Perth and keep the reins of your business firmly in your hands, guided by a Small Business Restructuring Practitioner (SBRP). This proactive approach is suitable for businesses facing operational challenges with total liabilities of less than $1 million. A small business restructure empowers businesses to renegotiate debts and reorganise operations while keeping control. This method proves more cost-effective than voluntary administration, allowing a more simplified process focused on refining operations and managing financial obligations efficiently.

The small business restructuring process in Perth outlines a plan to manage your company's debts and optimise operations to regain profitability. This strategy may include creditor negotiations and adapting business models to fit current market conditions. Gain clarity, control, and certainty with Mackay Goodwin.

Act Now and Thrive with a Small Business Restructure in Perth

Reach where you need to be with sharp and smart solutions. Get in touch with Mackay Goodwin today to explore how a small business restructuring in Perth can get your business back on track while ensuring resilience and growth. We stand ready to help you recover, reset, and optimise.

Reach out today to discover how we can help you transform your business’s financial health and operational dynamics. Join the many Australian businesses that have found renewed success with our support.

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:

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    Guide to Small Business Restructure

    Read More
    Read Time
    7 minutes

    Small Business Restructure in Perth – FAQs

    Yes. A key benefit of insolvency reforms is that directors stay in control over the company during a small business restructuring in Perth. During this period, they can conduct normal business transactions while working on developing and proposing a restructuring plan.

    While costs vary by case, the efficient procedure offers an affordable fixed rate. The guidance from a small business restructuring Perth-based specialist is invaluable and could play a vital part in a company’s survival. If restructuring is not feasible, a simplified liquidation might be the next step.

    The process of an entire small business restructuring in Perth usually takes around 35 business days. This includes 20 days for proposal development and 15 days for creditor voting, providing a quicker resolution than other insolvency proceedings. The process comes to a close with the creditors’ decision to accept or reject the restructuring plan, which then dictates the business’s next financial steps.

    Successful small business restructuring for Perth businesses can lead to reduced debts, renegotiated payment terms, and better cash flow management. The primary advantage is allowing your business to keep operating and steer clear of insolvency.

    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.

    Gavin King

    Director, ASIC Registered Liquidator & AFSA Registered Bankruptcy Trustee

    Sydney

    Read More

    Mitch Ball

    Chief of Insolvency Operations & ASIC Registered Liquidator

    Sydney

    Read More

    Caitlin McAuliffe

    Analyst

    Brisbane

    Read More

    Gavin King

    Director, ASIC Registered Liquidator & AFSA Registered Bankruptcy Trustee

    Sydney

    Read More

    Mitch Ball

    Chief of Insolvency Operations & ASIC Registered Liquidator

    Sydney

    Read More

    Caitlin McAuliffe

    Analyst

    Brisbane

    Read More
    All People
    All People

    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.