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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

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  • ASIC Registered
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    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 Sydney

Facing financial difficulties in your small business can be a stressful experience, especially when the stability of your operations and the welfare of your employees are at stake. Let us guide you through your options to turn things around with a small business restructure in Sydney. Our nimble and innovative team creates solutions-focused restructuring strategies that provide the crucial time needed to get you back on the front foot. Don’t give up, and we won’t either.

The Benefits of Acting Early with a Small Business Restructuring in Sydney

The sooner you act, the broader your options for financial recovery. Running a business is tough, and at times, having an insolvency expert on your side at the right time can make all the difference. Early engagement with Mackay Goodwin for a small business restructuring in Sydney helps prevent the escalation of financial problems, avoiding the need for more drastic measures such as liquidation or bankruptcy.

Why Choose Mackay Goodwin for Your Small Business Restructure in Sydney?

Expert Tailored Advice

No two businesses are the same. That’s why we offer custom solutions that address your company’s unique challenges with our small business restructuring Sydney-wide. From company restructures to corporate debt restructuring, our experts are well-versed in the nuances of various industries, ensuring minimal disruption and maximum efficacy in our approaches.

Comprehensive Support

At every stage of your small business restructure in Sydney, our engaged team provides unwavering support. We’ll manage the details seamlessly, whether negotiating with creditors or managing corporate debt restructuring. 

From the initial consultation to the final stages of your restructuring process, we’re here to ensure each decision is data-driven and one you’re confident in. Our comprehensive support system ensures the best possible outcomes:

  • Negotiation and Mediation: We manage creditor negotiations to secure favourable terms for financial recovery.
  • Turnaround Expertise: Our strategies enhance operational effectiveness and financial health.

Our expertise also extends beyond small business restructuring in Sydney, with drafting a deed of company arrangement and dealing with director penalty notices.

Proactive Measures

We’re here to deliver the best possible outcome and set you up for long-term success. Our team crafts strategies to streamline your operations, cut costs, and boost cash flow, securing your company’s future health.

Experience a stress-free small business restructure in Sydney as we expertly guide you through legal complexities, ensuring compliance every step of the way. Making progress requires positive action, and we take the initiative every day. Backed by our expertise, data and insights, we act with intelligence and innovation.

Open Communication

Our team maintains open lines of communication and provides timely updates to ensure you’re always in the loop.

We understand the pressure financial distress can bring, so we prioritise transparent communication throughout the restructuring process. Remain in control and well-informed with regular updates on your small business restructuring in Sydney. Our team is always on hand to clarify your queries, empowering you to make informed decisions.

Proven Track Record

Our history speaks volumes of our capability to transform financial challenges into business success.

Mackay Goodwin holds a solid track record of small business restructures in Sydney that have steered businesses back to profitability through successful turnarounds. Our skilled advisors use their extensive industry insight to craft strategies that maximise value and minimise risk.

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 Sydney-Wide: Stay in Control

With a small business restructure in Sydney, directors stay in the driver’s seat with the guidance of a Small Business Restructuring Practitioner (SBRP). This proactive tactic is tailored to enhance the operational and financial framework of companies facing challenges but with viable business operations. It’s suitable for businesses with liabilities under $1 million, allowing them to renegotiate debts and reorganise their operations while maintaining control. A more cost-effective solution than voluntary administration, it focuses on refining operations and managing debts without extensive processes.

Under the guidance of a qualified SBRP, a small business restructuring in Sydney includes developing a plan that details how the company will manage its debts and implement operational changes to achieve profitability. The process may involve renegotiating with creditors and adjusting business models to succeed in the current market. Gain clarity, control, and certainty with Mackay Goodwin.

Recover, Reset & Optimise

We’re here to help your business get back on its feet, enabling sustainable scaling—to thrive, not just survive. Get in touch with Mackay Goodwin today to discuss how a small business restructure in Sydney can help you regain control and set your business on a path to recovery and growth. We stand with Australian businesses in the moments that matter.

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 Sydney – FAQs

    A company is eligible for a small business restructuring in Sydney if it has liabilities under $1 million, faces financial distress, and all tax lodgements and employee entitlements are up-to-date. The company must be operating as a company or through a trust with a corporate trustee. It must not be undergoing a restructure, administration (including a DOCA) or liquidation and should not have engaged in a small business restructure or simplified liquidation in the past seven years.

    The process of an entire small business restructuring in Sydney typically spans about 35 business days. This timeline includes developing the proposal development phase (20 days) and creditor voting (15 days), ensuring a swift resolution compared to other insolvency proceedings. The process concludes with creditors either accepting or rejecting the restructuring proposal, determining the next steps for the business’s financial strategy.

    While each situation is unique, this efficient procedure offers an affordable fixed rate. What’s even more significant is the invaluable guidance from our restructuring specialist, which could play a crucial role in a company’s survival. If a small business restructuring for your Sydney business is not feasible, there is a high likelihood that you will qualify for an inexpensive Simplified Liquidation process.

    Yes, all legal actions are paused during the development phase for a small business restructuring in Sydney. This provides the breathing room for directors and businesses to focus on recovery without the immediate threat of legal repercussions and reassures creditors that a plan is in the works. During this phase, our experts will devise a plan to get your business out of financial trouble and back on track.

    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.