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About your recovery partner

Liquidators registered by ASIC

ARITA Professional members

CA & CPA qualified accountants

50+ staff nationwide

AFR top 100 accounting firm 2017, 2018, 2019, 2020, 2021, 2022

Take a breather

Moratorium (pause) on company debts and court proceedings.

Clear guidance

Expert advice to avoid insolvent trading and temporary relief of director roles and responsibilities.

Turnaround the future

Explore your opportunities, improving the financial status of the company back to profitability.

What is Voluntary Administration?

Gives you the breathing space to reassess the future. Entering voluntary administration allows you the opportunity to strategize with insolvency experts to create a new pathway for the business.

During this time, our expert administrators will begin investigations and preparing reports for creditors with a detailed understanding of the company’s financial affairs. At the second creditors meeting, usually 25-30 business days of appointment, the future of the company will be voted on by creditors. The company will either be wound up, enter a Deed of Company Arrangement (DOCA) or the company is returned to the control of its directors.

Why enter Voluntary Administration?

Voluntary Administration is a process designed to hit pause when the business is experiencing financial hurdles. Our independent and experienced insolvency experts identify pathways in determining the future of the company.

In the midst of analysing the current issues, our people provide assurance to creditors with expert reviews and reports of maximising their return.

As there are no guarantees in business, voluntary administration offers the opportunity to restructure, turnaround and pivot out of difficult times.

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Facilitating decisions that set foundations in key moments, the moments that matter.

Process of Voluntary Administration
Allows directors to address pathways on the current financial issues you’re facing. And, where viable bring the company to a healthy state. Here’s how we do that:
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Contact us today

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We will strategise and devise a plan on a new venture for the business.

3
Our team will organise meetings of creditors and negotiate a Deed of Company Arrangement (DOCA) if appropriate.

4
We hand back the keys and the business trades on.

Deed of Company Arrangement (DOCA)

Providing certainty during uncertain times.

A DOCA is a binding agreement between the company and its creditors to resolve ongoing financial issues.

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How to Thrive

The 3-step business recovery process to get your business on the front foot again.

Meet our registered Liquidators

Richard Lawrence

Director & ASIC Registered Liquidator

Melbourne

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Gavin King

Director, ASIC Registered Liquidator & AFSA Registered Bankruptcy Trustee

Sydney

David Hurst

Director & ASIC registered Liquidator

Sydney

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Edwin Narayan

Director & ASIC registered Liquidator

Sydney

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Domenic Calabretta

Chief Executive Officer & ASIC registered Liquidator

Sydney

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Grahame Ward

Director & ASIC registered Liquidator

Sydney

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Mitch Ball

Chief of Insolvency Operations & ASIC registered Liquidator

Sydney

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Richard Lawrence

Director & ASIC Registered Liquidator

Melbourne

As a Director at Mackay Goodwin, Richard Lawrence brings 15 years of experience in insolvency, restructuring, and business advisory to lead significant projects within the firm.

Richard is an ASIC Registered Liquidator and a member of the Chartered Accountants Australia & New Zealand. Additionally, he’s a professional member of the Australian Restructuring Insolvency & Turnaround Association (ARITA) underscoring his dedication to staying abreast of industry developments and best practices.

Richard is passionate about delivering insightful, pragmatic solutions to businesses facing financial challenges, helping them get back on the front foot.

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Gavin King

Director, ASIC Registered Liquidator & AFSA Registered Bankruptcy Trustee

Sydney

David Hurst

Director & ASIC registered Liquidator

Sydney

David has a wealth of experience across receiverships, voluntary administrations and liquidations together with restructuring and turnaround engagements. Growing up in Bathurst, NSW, David’s interest in agriculture and passion for motorsport translates to his hands-on approach in the insolvency industry. Taking upon a broad range of appointments, David provides a thorough analysis of the current situations his clients are facing and provides the best possible outcome for them and other stakeholders. David’s experience allows him to draw on a broad range of prior appointments and their unique nature to facilitate the survival of a business where possible by using achievable arrangements.

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back in business

Security Company Case Study

An 85% reduction in debt gets company through a major trading and cash flow problem. 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.

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Building Developer Case Study

This South Australian builder continues to trade, thanks to a DOCA, restructure and dispute resolution. When an Adelaide building development company found itself in a lengthy and protracted legal dispute over a costly project, it found itself unable to trade out of the heavy losses it had incurred as a result of the deal.

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Earth Moving Company Case Study

75% reduction in tax debt gets this earthmoving company moving again. By the time a Melbourne-based earthmoving company contacted Mackay Goodwin over reducing their accrued debt, they had built up a $280,000 backlog with the Australian Taxation Office (ATO).

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Get in touch

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