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Small Business Restructure.

Minimising debt, maximising profitability.


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

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"Very knowledgeable and professional. A pleasure to deal with"
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What is a Small Business Restructure?

A simplified debt restructuring process, small business restructuring lets directors remain in the driver’s seat. It offers a lifeline to businesses facing financial difficulties with a structured approach to improving a company’s operational efficiency and financial health while being able to continue trading. Tailored for businesses facing financial challenges yet having viable business models, a small business restructure is an efficient solution for resolving financial distress.

A small business restructure is a cost-efficient alternative to voluntary administration, aimed at simplifying operations and debt management while preserving resources and business continuity. The process is managed with the guidance of a Small Business Restructuring Practitioner (SBRP). The SBRP expertly crafts a Restructuring Plan that details the methods for managing debts and altering operations to achieve profitability.

Early engagement with a qualified SBRP can effectively streamline your operations and financial strategies, preserving employment and avoiding drastic measures such as liquidation.

Small Business Restructure: A Cost-Effective Option to Get Back on the Front Foot

Weathering the storm when running a business can be stressful. What matters most is making the right decisions at the right time. A small business restructure is an effective solution when you’re faced with overwhelming pressures. Speak to us now to:

  • Stay in control of the company during the small business restructuring process.
  • Turnaround efficiently while saving your business time and money with cost-effective strategies drawn by experts.
  • Reach ideal outcomes sooner with a simplified design. A small business restructuring has a shorter process than other formal insolvency options.

Running a business can get tough and overwhelming, but it doesn’t need to be. Dealing with creditor pressures, mounting debts, or urgent ATO notices? Leave your worries to us.

The Small Business Restructure Process

A small business restructuring is a structured approach to help companies facing financial difficulties reorganise their debts and operations effectively. This process spans approximately 35 business days and is divided into two main phases, with directors maintaining control throughout.

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.

Small Business Restructuring

Running a small business can be rewarding, but challenges like mounting debts, unpaid bills, or cash flow issues can put immense pressure on your operations.

That’s where small business restructuring comes in—a practical way to address financial stress and create a sustainable path forward. At Mackay Goodwin, our small business restructuring specialists are here to help you take control and set your business up for long-term success.

How Small Business Restructuring Can Help

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.

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:

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.


Small Business Restructure

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.


Learn more

Simplified Liquidation

Learn more

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.

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What is a Small Business Restructure? Comprehensive Guide

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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 KingGavin King hover

Gavin King

Director, ASIC Registered Liquidator & AFSA Registered Bankruptcy TrusteeSydney

Gavin King is a seasoned business advisor and insolvency expert with extensive experience in corporate restructuring and turnaround management. Over the course of his career, Gavin has helped numerous businesses navigate complex financial challenges, providing tailored solutions that maximise stakeholder value. Specialising in insolvency administration, he brings a hands-on approach to managing voluntary administrations, liquidations, and corporate workouts. With a proven track record of leading successful recovery processes, Gavin leverages his deep industry knowledge to guide businesses through periods of distress, ensuring they emerge stronger and more resilient.

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Mitch BallMitch Ball hover

Mitch Ball

Chief of Insolvency Operations & ASIC Registered LiquidatorSydney

Mitchell has 20 years’ experience in corporate insolvency and restructure. Mitchell is a Registered Liquidator having working on many types of corporate appointments. He has managed complex liquidations and voluntary administrations in numerous industries with expertise in property, finance, manufacturing, IT and building and constructions. Mitchell brings value to appointments from start to finish, from marketing and having initial contact with clients to achieving exceptional outcomes.

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FAQs - Small Business Restructuring

Business restructuring services involve creating a tailored plan to address financial challenges, improve cash flow, and streamline operations. It provides a proactive way to stabilise your business and avoid severe outcomes like liquidation.

The restructuring process typically takes 35–50 business days, depending on the complexity of your situation. This includes financial assessments, creditor negotiations, and plan implementation to get your business back on track.

Yes, engaging in a restructuring process pauses legal actions from creditors, giving you time to focus on recovery. Our team handles creditor negotiations to ensure fair and manageable terms for repayment.


Specialists provide expert guidance, tailored strategies, and support throughout the restructuring process. They help address debt, improve operations, and create a sustainable plan for your business’s recovery and growth.

Get in touch

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