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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
    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.

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Navigating Small Business Restructuring

In challenging times, the quicker you act, the more options you have to recover your business. If you think your business might need a company restructure, but are unsure what to do, it’s imperative to seek help from our experts as soon as financial issues emerge. At Mackay Goodwin, we’re committed to putting you back on the front foot in distressing situations. Whether you're dealing with creditor pressures, mounting debts, or urgent ATO notices, acting quickly can significantly enhance the outcome for your business and involved stakeholders. We’re your experts in small business restructure, turnaround, and insolvency, providing personalised guidance and effective solutions to ensure your business's success.

Streamlining Operations for Growth

Asmall business restructuring can redefine your company's future. At Mackay Goodwin, we streamline your operations to enhance efficiency and profitability. Our approach to restructuring goes beyond cutting costs – we optimise your business model to thrive in competitive markets. By aligning your resources with strategic goals, we can implement targeted changes that drive significant returns. With our support, you can transform your business structure to promote scalability, effectively increasing your market responsiveness and operational agility.

Comprehensive Support through Small Business Restructuring

Our smallbusiness restructuring services extend beyond simple advice. From drafting a robust deed of company arrangement to navigating voluntary administration, we offer comprehensive support to ensure a smooth transition and sustainable business model. We also assist in negotiating with creditors and stakeholders to align interests and facilitate a favourable outcome. By managing communications and expectations, we help maintain relationships during sensitive restructuring phases, ensuring your business emerges stronger and more cohesive.

Striving to understand the nuances of your industry, we apply best practices tailored to your specific circumstances. This not only helps in achieving quick wins but also sets a solid foundation for ongoing improvements and long-term profitability.

Reducing Financial Stress

Financial pressures can be overwhelming. Our small business restructuring solutions reduce your financial burden, allowing you to focus on running your business. Whether you’re dealing with a director penalty notice or preventing insolvency, we provide the expertise to navigate these challenges effectively. By restructuring your debts and renegotiating terms with creditors, we strive to lighten your financial load with improved cash flow and give your business room to advance.

We focus on creating strategies that address immediate financial concerns while laying the groundwork for durable financial health and stability. Our proactive measures prevent minor issues from becoming liquidation crises, giving you peace of mind and the freedom to concentrate on growth.

Staying in Control

Throughout the small business restructure rollover process, you retain control over your business decisions, supported by our expert guidance. This empowers you to lead your business recovery confidently, backed by strategic advice from our seasoned advisors. We ensure that you are fully informed and comfortable with each decision, fostering a sense of ownership and renewed investment in your business’s future. Make strategic adjustments with our expert support and secure the success you envision.

Ensuring Compliance & Managing Legal Risks

Mackay Goodwin prioritises your legal safety, handling the complexities of compliance so you can focus on your business’s operational aspects. Our team stays informed of all changes in corporate law and insolvency regulations to protect your interests throughout the small business restructuring process.

We coordinate with legal experts to review all contracts and agreements the restructuring affects, ensuring they are modified and managed appropriately. By proactively managing these risks, your restructured business can operate within a secure legal framework, preventing potential legal issues.

Small Business Restructure: Benefits of Early Engagement

Engaging with our team at the first sign of financial distress can prevent the situation from escalating. Early intervention mitigates risks and provides more strategic options for recovery. We help you leverage favourable conditions to reorganise your finances and operations by initiating small business restructure rollovers and implementing effective cost-management plans. This proactive approach can preserve key business relationships and enhance your negotiating position with creditors. 

An early start in small business restructuring also allows for a more thoughtful and comprehensive strategy, which can significantly improve the likelihood of a successful turnaround. With our guidance, your business can navigate these challenges confidently and with clarity, setting a course for renewed stability and growth.

Experienced & Qualified Advisory Team

Our team is equipped with decades of small business restructuring expertise across various industries. It comprises CA and CPA-qualified accountants, ASIC-registered liquidators, and ARITA professional members. With insights and strategies that go beyond conventional solutions, we can handle complex situations effectively and offer actionable guidance with in-depth knowledge.

Our specialists in various fields offer a multidisciplinary approach to every challenge, ensuring comprehensive coverage of all possible angles. Mackay Goodwin advisors are dedicated to fostering a collaborative relationship with you to understand and meet your business’s specific demands.

Proactive & Innovative Solutions

Using the latest tools and strategic approaches, we help businesses anticipate future challenges and adapt swiftly with a small business restructure. Our innovative solutions resolve current issues while preparing your company for sustainable, long-term success. We constantly update our practices with the latest industry trends and regulatory changes, ensuring your business stays ahead of the curve. By investing in continuous improvement and cutting-edge technologies, we empower your business with the resilience to face future uncertainties head-on.

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.

Resolve Your Business Challenges with a Small Business Restructure

Don’t let financial challenges dictate your business’s future. Take control sooner with Mackay Goodwin’s small business restructuring services, where we help you navigate tough times with strategic planning and expert advice. We aim to support you in rescuing your business and setting it on a path to sustainable growth and success.

Financial Recovery With a Small Business Restructure

Be equipped to make the right decisions in moments that matter with Mackay Goodwin, and set your business up with a solid foundation to thrive. From small business restructuring to corporate debt restructuring, here’s why countless businesses choose us:

Tailored Small Business Restructuring Services

We understand that each business has unique challenges. Our tailored small business restructuring plans address your specific needs, helping stabilise operations and restore profitability. By working closely with you, we create solutions that fit seamlessly with your business model and operational goals. Our personalised approach ensures minimal disruption during the transition period and maximises the effectiveness of the changes implemented.

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

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

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Mitch Ball

Chief of Insolvency Operations & ASIC registered Liquidator

Sydney

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Caitlin McAuliffe

Analyst

Brisbane

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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

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.