Our team negotiates expertly and efficiently between creditors and stakeholders. Working with both parties to solve the problem, deliver solutions, and provide stability.
Safe Harbour (2017) is part of the Corporations Act. It provides protection for directors from claims of insolvent trading, as long as they adhere to a formal restructuring plan. At Mackay Goodwin, we’ll guide you through. Working as your restructuring partner, we’ll put a strategy and plan in place for you to follow. Helping your business to strengthen, and succeed.
If your business urgently needs operational improvements, the sooner you get in touch, the sooner we can move you forward. Step by step, focused on your success. Delivering the best possible outcome by:
– Identifying the causes
– Developing a strategy to improve
– Focusing on the profitability of operations
– Reviewing products and markets to assess their contribution to profit
– Advising on appropriate cost reductions
– Identifying skills and resource gaps in the management team
– Disposing of underperforming and non-core businesses.
Unsure your business can stay financially afloat? We’ve helped many businesses enter into Voluntary Administration, with a view of continuing through a Deed Of Company Arrangement (DOCA). This enables your company to move forward while distributing money to creditors. Most crucially, it gives you the breathing space and structure to continue trading in a viable way, with a plan to bring your business back to profitability.
We understand the stress debt can cause. If your company debt is less than $1 million, we can help alleviate the impact with the Small Business Restructure. Cost-effective, simpler and quicker than Voluntary Administration, it allows small businesses to restructure their debts and remain in control in the process.
We’ve helped hundreds of Australian businesses recover from debt – and thrive. Here are just a few.
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.Learn More
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.Learn More
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).Learn More