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Let’s talk through your options today.

Why you might need us

You’re in uncharted waters

Like many businesses facing challenges in 2020, you’ve done everything you can.

Don’t give up. We’ll help get you back on course.

Things have changed

You’ve worked hard to grow your business, but right now, the numbers look impossible.

Find out how to adapt and come out stronger.

You need expert advice, fast

You’re looking for a trusted partner to guide you through options so you can overcome financial hurdles.

We won’t give up until we find your way forward.

Your 4-step recovery plan

Here’s how we work with you to meet your unique needs. The sooner we get started, the better your chances of success.

  1. Expert advice

    We consult with you about your situation and concerns. Our initial consultations are FREE and confidential.

  2. Review your options

    We provide options tailored to your needs.

  3. Make a plan

    Together, we plan how to get your business back on track or efficiently wrap things up.

  4. Take action

    We act on your behalf throughout recovery or liquidation for a smooth process.

Your options

Every business is different. After we review your individual circumstances, your plan could include:

Company restructure and turnaround: Voluntary administration

If you’re not sure whether your company can stay afloat financially, we’ll help you find the best solution. Possible outcomes include:

  • Appointing an Administrator to assist your business
  • Entering into a Deed of Company Arrangement (DOCA)

Voluntary administration may give your company the best chance of recovery - and the best possible outcome for all your stakeholders.

Business liquidation

Sometimes the best option is to close your business. If we assess your company as no longer viable, we’ll guide you through the business liquidation process, from selling off assets to pay your creditors to winding up the company to minimise losses. Taking action early will give owners and employees the opportunity to move forward as soon as possible.

Business advisory

If you’re getting behind on payments, we can provide advice, reports, and strategies to help get your finances back on track. We’ll negotiate with landlords, banks, financiers, and the ATO to uncover all your options for cashflow management and improving your position. That way, you can make the best decision and move forward for your business, investors, and team.

Company restructure

You may simply need to adapt your business so it can weather the changes and come back stronger than ever. There are three main restructuring strategies:

  • Business restructures - Changing your operational or financial structure to make your business better organised and more profitable
  • Operational restructures - Improving day-to-day processes to boost efficiency and earnings
  • Financial restructures - Changing debt/cost/equity structures to improve efficiency and strengthen the balance sheet

About your recovery partner

Don’t give up on your business and we won’t either.

The Mackay Goodwin team includes some of Australia’s most experienced business turnaround specialists. Over the last 6+ years, we’ve worked with many small and large businesses in tricky situations with expert advice and options - and we’re ready to help you.

“A pleasure to work with, efficient and proactive in their approach to all tasks. Transparent with information and very honest each step of the process, with no surprises at the end. I would highly recommend Mackay Goodwin to friends, family and colleagues.”

As your partner, we can help you:

  • Identify problems (and solve them)
  • Understand the legal processes
  • Streamline your operations
  • Reduce costs
  • Open up new revenue streams
  • Reduce risk exposure
  • Negotiate a better deal
  • Feel excited about the future

“[They provide] communication with where everything is at, only do the work that needs to be done and don’t run up costs.”

Good news stories

At Mackay Goodwin, we’ve helped hundreds of Australian businesses not only recover from debt, but go forth and thrive.
Here are just some of their stories.

  • A Brisbane-based security company overcomes cashflow issues with an 85% reduction in debt.
  • An earthmoving company in Melbourne gets tax debt reduced by 75% to get moving again.
  • A South Australian builder continues to trade thanks to a DOCA, restructure, and dispute resolution.
  • A NSW-based medical recruitment firm gets back on their feet and thrives with a tax debt payment plan.
Read more

Get expert advice today

Secure the future of your business today. Contact us on 1300 750 599 for a free consultation or click below.