Call Mackay Goodwin on 02 8001 6520
Speak to our experts
Creditor portal

Small Business Restructure Perth

Minimising debt, maximising profitability.
Book a Free Consultation
Call 02 8001 6520

About your recovery partner

Accountants Daily Finalists, Fastest Growing Firm
AFR Top 100 Accounting Firms
CA and CPA Qualified Accountants
National Team
ASIC Registered Liquidators
ARITA Professional Members

Talk to our Perth team

Our Perth office is in the CBD on St Georges Terrace, and we work with businesses across Perth and regional Western Australia.

Level 14, 197 St Georges Terrace, Perth WA 6000
1300 621 284

Contact Us

Small Business Restructure across Australia

Sydney (Head Office)

Level 12, 20 Bridge Street, Sydney NSW 2000

Small Business Restructure in Sydney

Melbourne

Level 12, 90 Collins Street, Melbourne VIC 3000

Small Business Restructure in Melbourne

Brisbane

Level 14, 120 Edward Street, Brisbane City QLD 4000

Small Business Restructure in Brisbane

What is a Small Business Restructure?

A Small Business Restructure (SBR) is a simplified debt restructuring process that lets an eligible company deal with its debts while it keeps trading. You stay in control, with a Small Business Restructuring Practitioner (SBRP) helping you build a restructuring plan and a restructuring proposal statement to put to creditors. Unlike external administration, no administrator takes over the company.

Introduced through the 2021 insolvency reforms and set out in the Corporations Act 2001, the Small Business Restructuring process is a faster, lower cost alternative to Voluntary Administration for viable businesses with total liabilities under $1 million. You keep operating in the ordinary course of business while the plan is agreed. Act early and more paths stay open, including avoiding Liquidation.

Explore our SBR guide

How a Small Business Restructure benefits your Perth business

Retain control

Stay in control of the company throughout the restructuring process.

Reduce creditor legal action

While your company is in a Small Business Restructure, creditors generally can't pursue repayment.

Solve a director penalty notice (DPN)

An SBR can help protect you from becoming personally liable for the company's debt.

Take a breath

Space to steady the business while you work with experts on a plan to get back on track.

Turnaround efficiently

A simplified process means outcomes come faster than most formal insolvency options.

Cost-effective

Lower cost than Voluntary Administration, with a fixed fee agreed up front.

Is your company eligible for a Small Business Restructure?

These eligibility criteria are confirmed when your proposal is submitted, not when a practitioner is appointed. Tick most of them? Speak to our experts to confirm where you stand.

Your next steps

Start your Small Business Restructure process with one free, confidential conversation. We're here to help.

Assessment

We review your financial health and find the right solution, which isn't always the one you first had in mind.

Strategic planning

We build your Small Business Restructuring plan to manage debt, improve cash flow and reduce costs.

Creditor proposals

We prepare your restructuring proposal statement and put the plan to creditors, raising it with the ATO early where that strengthens your position.

Implementation

The approved plan goes into action, so you can stabilise operations and keep trading.

Book a Free Consultation

Don’t meet the criteria?

An SBR isn't the only way forward.

Voluntary Administration

Unsure your business can stay financially afloat? Enabling the 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.

Safe Harbour

Providing 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.

Creditors Voluntary Liquidation

In Creditors’ Voluntary Liquidation (CVL), our ASIC registered liquidators can ease the process on the role of Company Liquidator. Dealing with the formalities of convening shareholders, and facilitating a procedure in which the company is placed into Liquidation. Helping to relieve stress at every stage.


Simplified Liquidation

If your company is insolvent and total liabilities do not exceed $1 million, you may be eligible for Simplified Liquidation. A more streamlined version of CVL, we’ll work with you to close your business the right way, with clarity and understanding.


Members' Voluntary Liquidation

Eliminate the communication hurdle involved with dissolving a company through a MVL Mackay Goodwin will conduct a review, liquidate your company and distribute any assets to the relevant parties.

How we helped a Perth pub stop a wind-up and avoid Liquidation

A long-running pub outside Perth came to us with a wind-up application already filed by the Australian Taxation Office (ATO). Sharp rent rises after the building changed hands, slowing custom and mounting repair bills had left it owing close to $600,000 in tax debt. We moved quickly, halted the wind-up and guided the company through a Small Business Restructure, so the pub could clear a path through the debt and keep trading.

See how it played out in our Perth SBR case study.

Meet your Perth restructuring team

When your business is under pressure, the people in your corner matter. Our Perth team brings more than 20 years of experience in corporate insolvency and turnaround, including ASIC registered liquidators who'll guide you through every step.

Bradley SollyBradley Solly hover

Bradley Solly

DirectorPerth

Bradley Solly is a Director at Mackay Goodwin in Perth and a Chartered Accountant with over a decade of experience advising directors and business owners in financial distress. Specialising in business turnaround, debt recovery and insolvency, he helps clients explore every option to preserve value and improve outcomes for everyone involved.

Bradley gives clear, honest guidance on business viability, dealing with creditors and building a sustainable recovery, drawing on years in senior advisory and accounting roles before joining the firm.

Read More
Mathieu TributMathieu Tribut hover

Mathieu Tribut

Director & ASIC Registered LiquidatorPerth

Mathieu Tribut is a seasoned insolvency expert and Director of the Perth office at Mackay Goodwin, with over 15 years of commercial and professional experience in the field.

With a rich background that includes holding senior roles in various financial service firms, Mathieu has developed a strong proficiency in business reconstruction and turnaround. He has led numerous successful assignments across Australia, aiding businesses from small enterprises to ASX-listed companies.

Mathieu specialises in Western Australian retail, hospitality, and real estate sectors, where he has completed many formal and informal turnaround projects. He is an ASIC Registered Liquidator and has memberships to CPA Australia and the Australian Restructuring Insolvency and Turnaround Association (ARITA), showcasing his commitment to excellence in restructuring, financial accounting, and business advisory services.

Read More

Small Business Restructure in Perth – FAQs

Often, yes, if you move early. Once a small business restructuring practitioner is appointed, a moratorium pauses most creditor enforcement, including a wind-up application, while your plan is prepared. That breathing space is what helped the Perth pub above keep its doors open. The sooner you call, the more options you have.

Your team keeps working as normal. A Small Business Restructure is built for businesses that keep trading, so day-to-day operations carry on. To be eligible, employee entitlements, including superannuation, need to be paid up to date before the plan goes ahead, which protects your staff's position.

You get a set proposal period of 20 business days for you and your SBRP to develop the plan and your restructuring proposal statement, then creditors have 15 business days to vote. Around 35 business days start to finish, faster than most formal processes.

It deals with the company's unsecured debts, like trade suppliers, unsecured loans and tax debt. Unsecured creditors vote on your restructuring proposal statement based on what they're owed. Personal guarantees you've signed sit outside the company process, so they aren't automatically cleared. We'll explain how any guarantees affect you before anything is lodged.

Yes. We work with companies across Perth and regional Western Australia, and most of the process runs by phone, email and video. Wherever you are in the state, we can assess where you stand and move quickly if a wind-up or director penalty notice is involved.

Get in touch

Speak to one of our experts now for a free consultation. Enter your details below or call 02 8001 6520.