[{"data":1,"prerenderedAt":2560},["ShallowReactive",2],{"/our-experts/jacinta-nielsen/":3,"header":161,"/our-experts/jacinta-nielsen/-office-location":340,"/our-experts/jacinta-nielsen/-capabilities":373,"/our-experts/jacinta-nielsen/-insights":2356},["Reactive",4],{"story":5},{"name":6,"created_at":7,"published_at":8,"alternates":9,"id":10,"uuid":11,"content":12,"slug":153,"full_slug":154,"default_full_slug":31,"sort_by_date":31,"position":155,"tag_list":156,"is_startpage":19,"parent_id":157,"meta_data":31,"group_id":158,"first_published_at":8,"release_id":31,"lang":159,"path":31,"translated_slugs":160},"Jacinta Nielsen","2026-06-18T01:37:21.110Z","2026-06-30T22:25:57.051Z",[],188649640410370,"4697f5cb-180e-4a62-a51f-36aaa9730b48",{"cv":13,"_uid":20,"body":21,"email":67,"image":68,"surname":72,"component":73,"job_title":74,"first_name":75,"meta_image":76,"meta_title":78,"board_roles":79,"capabilities":82,"number_mobile":97,"number_landline":98,"office_location":99,"meta_description":100,"linkedin_profile_url":101,"hide_authored_insights":19,"qualifications_memberships":105},{"id":14,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":16,"copyright":15,"fieldtype":17,"meta_data":18,"is_external_url":19},192622121491563,"","https://a.storyblok.com/f/186891/x/b4b1b40eae/jacinta-nielsen-cv-june-2026.pdf","asset",{},false,"dc7befe2-47c1-4510-b767-1218dbef66fa",[22,63],{"_uid":23,"content":24,"component":61,"remove_spacing":62},"fe462c43-e2ec-4150-8a67-69dc7ad30be4",{"type":25,"content":26},"doc",[27,36,42,47,52],{"type":28,"attrs":29,"content":32},"heading",{"level":30,"textAlign":31},6,null,[33],{"text":34,"type":35},"A restructuring specialist delivering clarity and practical solutions in complex, high‑pressure situations.","text",{"type":37,"attrs":38,"content":39},"paragraph",{"textAlign":31},[40],{"text":41,"type":35},"Jacinta is a highly regarded corporate and restructuring advisor with more than 20 years’ experience across Australia and the UK. She advises corporates, shareholders, lenders, governments, and not-for-profit organisations across a wide range of industries.",{"type":37,"attrs":43,"content":44},{"textAlign":31},[45],{"text":46,"type":35},"Jacinta works with businesses and their stakeholders to identify, protect and maximise value in situations of financial and operational underperformance, disruption, stress and uncertainty. She is known for bringing clarity and stability to complex situations, while collaborating across diverse stakeholder groups to implement solutions.",{"type":37,"attrs":48,"content":49},{"textAlign":31},[50],{"text":51,"type":35},"Jacinta’s work spans operational restructuring, distressed transactions, due diligence and independent business reviews, credit and counterparty risk assessments, options analysis, contingency planning and formal restructurings via insolvency processes.",{"type":37,"attrs":53,"content":54},{"textAlign":31},[55],{"text":56,"type":35,"marks":57},"Jacinta’s experience includes a role with a major Australian bank, managing a portfolio of high risk corporate and institutional customers.",[58],{"type":59,"attrs":60},"textStyle",{"color":15},"BlockContent",true,{"_uid":64,"quote":65,"source":6,"component":66,"remove_spacing":62},"6736a441-920f-4b50-a1a8-0b5f2c34cd90","“I bring clarity and calm to challenging situations, focus stakeholder attention on what’s most important, and work to implement the best solution to maximise value.”","BlockTestimonialSmall","jnielsen@mcgrathnicol.com",{"id":69,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":70,"copyright":15,"fieldtype":17,"meta_data":71,"is_external_url":19},191204897588205,"https://a.storyblok.com/f/186891/4167x3333/34c89dbe93/mcgrathnicol_jacinta-nielsen-web_v01.png",{},"Nielsen","PageProfile","Partner","Jacinta",{"id":69,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":70,"copyright":15,"fieldtype":17,"meta_data":77,"is_external_url":19},{},"Jacinta Nielsen | Our people | McGrathNicol",{"type":25,"content":80},[81],{"type":37},[83,84,85,86,87,88,89,90,91,92,93,94,95,96],"ede07b2b-83f6-4587-91cf-4c3df946b542","e24d79e7-bcb4-46f2-8396-38ef2a584a96","63a75267-3b2f-4aaf-bc2d-947aa3bf621d","27247bf2-f732-4599-a4f4-50167b39c39c","b3840af4-c0ff-4492-83fc-248d0c0e2358","b3ef672e-0110-4d2c-a2c9-af9fe9e1ec38","742aa312-b1e4-4ebd-92c2-b0f6b154f2cc","8b08e7c3-92b6-4d0b-a461-c048475e69df","4d48f26c-8f54-4029-af77-47a9f45e352f","2b67f70d-71e7-4a69-be91-50850348fdda","f150ef9f-0a69-4fb3-b9eb-42fd8d6ab64f","5a7b5cf2-bd91-401a-8cfe-a25794bd8b9d","3a5885fc-4b1b-414a-b26d-8d48270c9eef","3460dd95-c252-46c1-94b4-322022d52d0c","+61 417 033 920"," +61 3 9278 1020 ","2374187c-35f2-4994-afbc-e4b811e3c993","Jacinta is a highly regarded corporate and restructuring advisor with more than 20 years’ experience in Australia and the UK. She advises corporates, shareholders, lenders, governments, not for profits and other stakeholders across a range of industries.\nLeigh’s deep domain expertise spans regulatory investigations, commercial disputes, retail and customer insights, data strategy, business transformation, and modern business intelligence.",{"id":15,"url":102,"linktype":103,"fieldtype":104,"cached_url":102},"https://www.linkedin.com/in/jacinta-nielsen-4689bb17/","url","multilink",{"type":25,"content":106},[107],{"type":108,"content":109},"bullet_list",[110,118,125,132,139,146],{"type":111,"content":112},"list_item",[113],{"type":37,"attrs":114,"content":115},{"textAlign":31},[116],{"text":117,"type":35},"Registered Liquidator",{"type":111,"content":119},[120],{"type":37,"attrs":121,"content":122},{"textAlign":31},[123],{"text":124,"type":35},"Member,  TMA",{"type":111,"content":126},[127],{"type":37,"attrs":128,"content":129},{"textAlign":31},[130],{"text":131,"type":35},"Member,  ARITA",{"type":111,"content":133},[134],{"type":37,"attrs":135,"content":136},{"textAlign":31},[137],{"text":138,"type":35},"Member and Graduate, AICD",{"type":111,"content":140},[141],{"type":37,"attrs":142,"content":143},{"textAlign":31},[144],{"text":145,"type":35},"Member, CA ANZ",{"type":111,"content":147},[148],{"type":37,"attrs":149,"content":150},{"textAlign":31},[151],{"text":152,"type":35},"Graduate Certificate in Social Impact, UNSW Sydney","jacinta-nielsen","our-experts/jacinta-nielsen",-160,[],282165967,"2b489390-a0fe-4e92-b423-198af49fac0a","default",[],["Reactive",162],{"stories":163},[164,214,283,302,321],{"name":165,"created_at":166,"published_at":167,"alternates":168,"id":169,"uuid":170,"content":171,"slug":206,"full_slug":207,"default_full_slug":31,"sort_by_date":31,"position":208,"tag_list":209,"is_startpage":19,"parent_id":210,"meta_data":31,"group_id":211,"first_published_at":212,"release_id":31,"lang":159,"path":31,"translated_slugs":213},"Quick Menu","2023-03-23T07:18:38.854Z","2026-05-11T03:01:21.021Z",[],280484702,"1e02ed83-a5fd-440e-a60d-ac7e262fd0c1",{"url":172,"_uid":174,"title":175,"children":176,"component":184},{"id":15,"url":15,"linktype":173,"fieldtype":104,"cached_url":15},"story","82d35a54-5134-4245-9eb6-c74cf9c47910","Quick Links",[177,185,192,199],{"url":178,"_uid":181,"title":182,"children":183,"component":184},{"id":179,"url":15,"linktype":173,"fieldtype":104,"cached_url":180},"abb778b0-941a-441e-828e-4036eaca3e98","about-us","2a71833d-c587-4529-98b5-145ff4f5e9e4","About Us",[],"ItemNavigation",{"url":186,"_uid":189,"title":190,"children":191,"component":184},{"id":187,"url":15,"linktype":173,"fieldtype":104,"cached_url":188},"93fd3467-b8ca-4b71-897f-3fe1d4c92694","experience/","9fc78d57-832e-4c4e-8050-a8d8bbfd21e8","Experience",[],{"url":193,"_uid":196,"title":197,"children":198,"component":184},{"id":194,"url":15,"linktype":173,"fieldtype":104,"cached_url":195},"dcbab1f9-afd8-4e00-b5a2-95da8a054c78","careers/","c308b68b-bd49-4fb4-8231-5206377324b1","Careers",[],{"url":200,"_uid":203,"title":204,"children":205,"component":184},{"id":201,"url":15,"linktype":173,"fieldtype":104,"cached_url":202},"bb31a361-a8b9-4b32-bac2-f35ed9140188","creditors/","63e04703-76cb-4c35-b98f-dd30d80a8b47","Creditors",[],"quick-menu","global/header/quick-menu",10,[],270155916,"a5395a7f-9ac5-45d3-be54-61b87dbb491a","2023-03-27T03:07:56.912Z",[],{"name":215,"created_at":216,"published_at":217,"alternates":218,"id":219,"uuid":220,"content":221,"slug":224,"full_slug":278,"default_full_slug":31,"sort_by_date":31,"position":279,"tag_list":280,"is_startpage":19,"parent_id":210,"meta_data":31,"group_id":281,"first_published_at":212,"release_id":31,"lang":159,"path":31,"translated_slugs":282},"What We Do","2023-03-24T03:21:23.911Z","2026-05-11T07:46:53.444Z",[],281077370,"d032fda4-4f25-4d65-9e5e-d423c976cda5",{"url":222,"_uid":225,"title":215,"children":226,"component":184},{"id":223,"url":15,"linktype":173,"fieldtype":104,"cached_url":224},"81ca523b-ab09-4f95-8a65-f9aea1392310","what-we-do","f10e5e7c-6fb4-43db-af3d-636f13e93cb7",[227],{"_uid":228,"heading":229,"component":230,"button_url":231,"button_text":232,"description":233,"links_area_heading":234,"links_area_children":235},"92384550-d171-4be7-ac42-87eb6262cd2a","McGrathNicol","ItemNavigationLarge",{"id":223,"url":15,"linktype":173,"fieldtype":104,"cached_url":224},"Explore what we do","We are committed to helping businesses improve performance, manage risk, and achieve stability and growth. We provide support and innovative solutions across a broad range of services and industries. ","What we do",[236,243,250,257,264,271],{"url":237,"_uid":240,"title":241,"children":242,"component":184},{"id":238,"url":15,"linktype":173,"fieldtype":104,"cached_url":239},"98de08d6-5f3d-4eba-8d71-a21c4bf8da2a","cyber/","a5c96f2f-28ff-44b0-87e4-2cbb4dd654b3","Cyber",[],{"url":244,"_uid":247,"title":248,"children":249,"component":184},{"id":245,"url":15,"linktype":173,"fieldtype":104,"cached_url":246},"4019ba27-6466-4ccf-a99d-e504ce8facf3","deals/","600d0b70-fd44-42f0-9b25-a5aa2ed69f7f","Deals",[],{"url":251,"_uid":254,"title":255,"children":256,"component":184},{"id":252,"url":15,"linktype":173,"fieldtype":104,"cached_url":253},"098a345a-8138-407f-aff9-8bf88789bf30","forensic/","766552b0-5ae9-4b06-bc72-6087a77dd064","Forensic",[],{"url":258,"_uid":261,"title":262,"children":263,"component":184},{"id":259,"url":15,"linktype":173,"fieldtype":104,"cached_url":260},"68199a3d-737f-459b-99c7-b8a63d380ef3","performance/","145c1954-5a5a-435f-9349-735be8ad88de","Performance",[],{"url":265,"_uid":268,"title":269,"children":270,"component":184},{"id":266,"url":15,"linktype":173,"fieldtype":104,"cached_url":267},"9aba5bce-c53e-4ea8-a561-377950fe2720","restructuring/","c10ce15b-7000-4809-b3e9-9463e5fa566d","Restructuring",[],{"url":272,"_uid":275,"title":276,"children":277,"component":184},{"id":273,"url":15,"linktype":173,"fieldtype":104,"cached_url":274},"05a5e934-3f58-4108-a014-f3a125c1d3c6","risk-compliance/","a482816b-fe89-4c0a-b516-0d49208d9c25","Risk & Compliance",[],"global/header/what-we-do",20,[],"6f825d82-fcff-49a3-bfde-123c2e7cb7ee",[],{"name":284,"created_at":285,"published_at":286,"alternates":287,"id":288,"uuid":289,"content":290,"slug":296,"full_slug":297,"default_full_slug":31,"sort_by_date":31,"position":298,"tag_list":299,"is_startpage":19,"parent_id":210,"meta_data":31,"group_id":300,"first_published_at":286,"release_id":31,"lang":159,"path":31,"translated_slugs":301},"Industries","2026-04-10T05:00:56.944Z","2026-05-11T03:01:21.514Z",[],164280962876097,"64d57ad2-42a1-4c53-8847-025c0c0a90d9",{"url":291,"_uid":294,"title":284,"children":295,"component":184},{"id":292,"url":15,"linktype":173,"fieldtype":104,"cached_url":293},"a59d3e64-e27a-4458-a9df-ad58da9ee9a9","industries/","8d1800cb-0d9e-4e3a-bc8a-dde02704aa4b",[],"industries","global/header/industries",30,[],"e20c2fd1-eab8-4eaf-b3c3-db2ace30e90b",[],{"name":303,"created_at":304,"published_at":305,"alternates":306,"id":307,"uuid":308,"content":309,"slug":315,"full_slug":316,"default_full_slug":31,"sort_by_date":31,"position":317,"tag_list":318,"is_startpage":19,"parent_id":210,"meta_data":31,"group_id":319,"first_published_at":212,"release_id":31,"lang":159,"path":31,"translated_slugs":320},"People","2023-03-24T03:24:05.071Z","2026-05-11T03:01:21.511Z",[],281077389,"d9aea928-3b8f-45a3-81e4-5b202d70abec",{"url":310,"_uid":313,"title":303,"children":314,"component":184},{"id":311,"url":15,"linktype":173,"fieldtype":104,"cached_url":312},"69705e43-2bf3-4748-8172-e56f2690ed76","our-experts/","06b7d4fa-765b-48fa-b11d-9dc82b051264",[],"people","global/header/people",40,[],"2ccfb62e-d55e-4b55-b0a2-68d414e2a3cd",[],{"name":322,"created_at":323,"published_at":324,"alternates":325,"id":326,"uuid":327,"content":328,"slug":334,"full_slug":335,"default_full_slug":31,"sort_by_date":31,"position":336,"tag_list":337,"is_startpage":19,"parent_id":210,"meta_data":31,"group_id":338,"first_published_at":212,"release_id":31,"lang":159,"path":31,"translated_slugs":339},"Insights","2023-03-24T03:24:23.850Z","2026-05-11T03:01:21.765Z",[],281077392,"ec5d2eed-6ca0-4f68-b993-ff9ee5d1777a",{"url":329,"_uid":332,"title":322,"children":333,"component":184},{"id":330,"url":15,"linktype":173,"fieldtype":104,"cached_url":331},"f4d27c1b-c788-4759-893b-366fe9f7429a","insight/","a2f096f9-d294-4ee3-b7fb-e0028c1c6b3a",[],"insights","global/header/insights",50,[],"959d37ff-c228-4ae0-87cb-f8496bb35719",[],{"story":341,"cv":370,"rels":371,"links":372},{"name":342,"created_at":343,"published_at":344,"updated_at":345,"id":346,"uuid":99,"content":347,"slug":362,"full_slug":363,"sort_by_date":31,"position":364,"tag_list":365,"is_startpage":19,"parent_id":366,"meta_data":31,"group_id":367,"first_published_at":368,"release_id":31,"lang":159,"path":31,"alternates":369,"default_full_slug":31,"translated_slugs":31},"Melbourne","2023-04-20T23:56:25.928Z","2023-07-03T08:41:30.000Z","2023-06-15T03:26:29.850Z",295728464,{"fax":348,"_uid":349,"city":342,"image":350,"phone":351,"state":352,"street":353,"country":354,"postcode":355,"component":356,"postal_city":342,"map_latitude":357,"postal_state":352,"contact_email":358,"map_longitude":359,"postal_street":360,"postal_country":354,"postal_postcode":361},"+61 3 9038 3199","231abff3-6615-4e25-bbfc-b8c48d232040",{"id":31,"alt":31,"name":15,"focus":31,"title":31,"filename":15,"copyright":31,"fieldtype":17},"+61 3 9038 3100","VIC","Level 6, 171 Collins Street","Australia","3000","officeLocation","-37.81514950659171","info@mcgrathnicol.com","144.9682996685192","GPO Box 9986","3001","melbourne","global/office-locations/melbourne",0,[],295728462,"296532f7-e25a-4459-ba7a-f31e37465183","2023-05-08T03:14:41.925Z",[],1782858607,[],[],{"stories":374,"cv":370,"rels":2354,"links":2355},[375,574,739,971,1115,1272,1368,1500,1590,1694,1824,1967,2098,2244],{"name":376,"created_at":377,"published_at":378,"updated_at":379,"id":380,"uuid":83,"content":381,"slug":566,"full_slug":567,"sort_by_date":31,"position":568,"tag_list":569,"is_startpage":62,"parent_id":570,"meta_data":31,"group_id":571,"first_published_at":572,"release_id":31,"lang":159,"path":31,"alternates":573,"default_full_slug":31,"translated_slugs":31},"Company Advisory","2023-04-27T00:24:19.188Z","2026-05-12T00:58:18.020Z","2026-05-12T00:58:18.035Z",298595769,{"_uid":382,"body":383,"child":554,"title":376,"keyWords":15,"keywords":555,"component":556,"image_hero":557,"meta_image":560,"meta_title":562,"description":563,"grid_description":564,"meta_description":565},"f1930eba-9837-428b-a261-736bf298b8de",[384,497,502,528,541],{"_uid":385,"buttons":386,"content":399,"component":61,"remove_spacing":19},"291eb607-a08e-455e-8a04-6517a6ff4be8",[387,394],{"_uid":388,"style":389,"component":390,"button_url":391,"button_text":393},"e883dd87-7c82-4899-aef7-3b63bf58f0d4","transparent","button",{"id":15,"url":392,"linktype":103,"fieldtype":104,"cached_url":392},"https://www.mcgrathnicol.com/our-experts/?service=company-advisory","Meet our people",{"_uid":395,"style":389,"component":390,"button_url":396,"button_text":398},"4eddd50c-0fca-4b2c-9a7f-cccaa99d1e2a",{"id":15,"url":397,"linktype":103,"fieldtype":104,"cached_url":397},"https://www.mcgrathnicol.com/experience/?service=company-advisory","Our experience",{"type":25,"content":400},[401,423],{"type":37,"content":402},[403,408,414,419],{"text":404,"type":35,"marks":405},"McGrathNicol’s experienced team can assist your board and management to understand all their options and develop action plans for recovery, restructuring and value preservation. Our experts provide clear, commercial and actionable advice built on a deep understanding of the Australian and New Zealand restructuring landscape.",[406],{"type":59,"attrs":407},{"color":15},{"text":409,"type":35,"marks":410}," ",[411],{"type":59,"attrs":412},{"color":413},"rgb(0, 0, 0)",{"text":415,"type":35,"marks":416},"We are regularly engaged to:",[417],{"type":59,"attrs":418},{"color":15},{"text":409,"type":35,"marks":420},[421],{"type":59,"attrs":422},{"color":413},{"type":108,"content":424},[425,434,443,452,461,470,479,488],{"type":111,"content":426},[427],{"type":37,"content":428},[429],{"text":430,"type":35,"marks":431},"Conduct detailed strategic reviews. ",[432],{"type":59,"attrs":433},{"color":15},{"type":111,"content":435},[436],{"type":37,"content":437},[438],{"text":439,"type":35,"marks":440},"Assess restructure options to develop a turnaround in financial performance. ",[441],{"type":59,"attrs":442},{"color":15},{"type":111,"content":444},[445],{"type":37,"content":446},[447],{"text":448,"type":35,"marks":449},"Provide safe harbour advice to boards where solvency is of concern. ",[450],{"type":59,"attrs":451},{"color":15},{"type":111,"content":453},[454],{"type":37,"content":455},[456],{"text":457,"type":35,"marks":458},"Review liquidity forecasts and advise on opportunities to improve working capital. ",[459],{"type":59,"attrs":460},{"color":15},{"type":111,"content":462},[463],{"type":37,"content":464},[465],{"text":466,"type":35,"marks":467},"Navigate schemes of arrangement to reset capital structures. ",[468],{"type":59,"attrs":469},{"color":15},{"type":111,"content":471},[472],{"type":37,"content":473},[474],{"text":475,"type":35,"marks":476},"Assist with simplification of complex corporate structures. ",[477],{"type":59,"attrs":478},{"color":15},{"type":111,"content":480},[481],{"type":37,"content":482},[483],{"text":484,"type":35,"marks":485},"Perform buy-side or sell-side financial diligence in distressed M&A situations. ",[486],{"type":59,"attrs":487},{"color":15},{"type":111,"content":489},[490],{"type":37,"content":491},[492],{"text":493,"type":35,"marks":494},"Assist with refinancing and recapitalisations. ",[495],{"type":59,"attrs":496},{"color":15},{"_uid":498,"title":499,"buttons":500,"component":501,"description":15},"ece3db7c-19de-47f4-95af-52b7282c498f","How we can help",[],"GridCapabilities",{"_uid":503,"cards":504,"buttons":509,"heading":514,"card_type":515,"component":516,"description":517,"auto_population":518,"auto_populate_amount":524,"auto_populate_job_title":525,"auto_populate_locations":526,"auto_populate_capabilities":527},"79b5e63f-3e88-4c78-b086-921d9d145c7e",[505,506,507,508],"0791ab72-e2c1-40b0-b802-b0d27686a7dd","416d1de7-7364-4741-aa47-86dde416980d","38f327a6-c36f-47fe-b48c-a800cf9fbe8a","25af4bdc-4ed0-4dd6-8f5c-1dafe19748cd",[510],{"_uid":511,"style":389,"component":390,"button_url":512,"button_text":513},"8399f634-807e-49aa-a7d4-2264b85c356d",{"id":15,"url":392,"linktype":103,"fieldtype":104,"cached_url":392},"Meet the team","Our experts in Company Advisory ","summary","CarouselProfile","Company Advisory experts to assist boards and management in understanding all options and developing action plans for recovery, restructuring and value preservation. ",[519,74,520,521,522,523],"Chairman - New Zealand","Managing Partner","Partner - Clients & Markets","Partner - Risk & Professional Practice","Chairman & Partner","20",[519,74,520,521,522],[],[83],{"_uid":529,"cards":530,"buttons":531,"heading":398,"card_type":536,"component":537,"description":538,"auto_populate":539,"auto_populate_capabilities":540},"12a70f4a-ed18-4500-9d38-1f1b23a997fd",[],[532],{"_uid":533,"style":389,"component":390,"button_url":534,"button_text":535},"e630fb5f-40b8-4aa5-ada7-8451fb28ab55",{"id":15,"url":397,"linktype":103,"fieldtype":104,"cached_url":397},"EXPLORE EXPERIENCE","PageExperience","CarouselMultiUse","We work with all industry sectors and business sizes to make an impact. From the world’s largest multinationals, independent local businesses, government and public sector organisations to not-for-profits and charities.","30",[83],{"_uid":542,"cards":543,"buttons":544,"heading":322,"card_type":550,"component":537,"description":551,"auto_populate":552,"auto_populate_capabilities":553},"636245bf-a14d-4386-bdcf-eb925c043298",[],[545],{"_uid":546,"style":547,"component":390,"button_url":548,"button_text":549},"5aa7ef73-89ca-4097-912f-5a5d3448d56f","dark",{"id":330,"url":15,"linktype":173,"fieldtype":104,"cached_url":331},"Read more","PageInsights","The business landscape is always evolving. Our insights help you leverage and navigate today’s opportunities and anticipate tomorrow’s challenges.","10",[266],[],"Financial\nstress\nplan\nRecovery\nRestructuring\nValue preservation\nBoard\nmanagement\nOptions\nTurnaround\nperformance\nSafe harbour\nSolvency\nLiquidity\nforecasts\nWorking capital\nSchemes of arrangement\nCapital structure\nCorporate\nsimplification\nM&A\nRefinancing\nRecapitalization\nStrategic reviews","PageCapability",{"id":558,"alt":15,"name":15,"focus":15,"title":15,"filename":559,"copyright":15,"fieldtype":17,"is_external_url":19},8776044,"https://a.storyblok.com/f/186891/4104x2736/ddf0cf01f4/istock-1252282843.jpg",{"id":558,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":559,"copyright":15,"fieldtype":17,"meta_data":561,"is_external_url":19},{},"Company Advisory Partners | McGrathNicol","Helping business who are experiencing financial stress.","Helping businesses in financial distress through strategic recovery plans, restructuring and value preservation.","Experts in recovery, restructuring and value preservation. Delivering industry-leading consulting in board advisory, turnaround & transformation, and capital solutions.","company-advisory","restructuring/company-advisory/",-10,[],298595767,"ac87097c-1c34-4f15-8a80-2f76c4543b73","2023-04-26T04:21:40.192Z",[],{"name":575,"created_at":377,"published_at":576,"updated_at":577,"id":578,"uuid":84,"content":579,"slug":733,"full_slug":734,"sort_by_date":31,"position":364,"tag_list":735,"is_startpage":19,"parent_id":570,"meta_data":31,"group_id":736,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":738,"default_full_slug":31,"translated_slugs":31},"Board Advisory","2026-05-12T00:57:11.494Z","2026-05-12T00:57:11.517Z",298595772,{"_uid":580,"body":581,"child":725,"title":575,"keyWords":15,"keywords":726,"component":556,"image_hero":727,"meta_image":728,"meta_title":730,"description":731,"grid_description":732,"meta_description":732},"ed564517-1e5c-45c6-be6d-8529e56cda77",[582,675,693],{"_uid":583,"buttons":584,"content":590,"component":61,"remove_spacing":19},"f059ab18-e6c8-4fce-8486-04e42ae91720",[585],{"_uid":586,"style":389,"component":390,"button_url":587,"button_text":589},"968be6de-fe8f-4f23-8ae5-8d3141d53230",{"id":15,"url":588,"linktype":17,"fieldtype":104,"cached_url":588},"https://a.storyblok.com/f/186891/x/21b8405129/mcgrathnicol_brochure-safe-harbour.pdf","Read more about our Safe Harbour services",{"type":25,"content":591},[592,612,625,637,649,660,671],{"type":37,"content":593},[594,599,603,608],{"text":595,"type":35,"marks":596},"Strong boards surround themselves with subject matter experts. Turnaround and solvency considerations are no different. McGrathNicol works with boards to ensure directors fully understand the available options and practical implications, and their ongoing duties while doing so.",[597],{"type":59,"attrs":598},{"color":15},{"text":409,"type":35,"marks":600},[601],{"type":59,"attrs":602},{"color":413},{"text":604,"type":35,"marks":605},"Our advice will help you analyse options, prepare a turnaround plan for a safe harbour process, undertake a strategic review of a business, and understand when the tactical use of formal restructuring tools is appropriate.",[606],{"type":59,"attrs":607},{"color":15},{"text":409,"type":35,"marks":609},[610],{"type":59,"attrs":611},{"color":413},{"type":37,"content":613},[614,621],{"text":615,"type":35,"marks":616},"Options analysis",[617,619],{"type":618},"bold",{"type":59,"attrs":620},{"color":15},{"text":409,"type":35,"marks":622},[623],{"type":59,"attrs":624},{"color":413},{"type":37,"content":626},[627,632],{"text":628,"type":35,"marks":629},"During times of financial stress, it can be hard to see the breadth and flexibility of the available restructuring and turnaround solutions. McGrathNicol works with your business to understand the issues and determine how a turnaround can be achieved. The earlier the request for independent assistance, the better the options and outcomes.",[630],{"type":59,"attrs":631},{"color":15},{"text":633,"type":35,"marks":634},"  ",[635],{"type":59,"attrs":636},{"color":413},{"type":37,"content":638},[639,645],{"text":640,"type":35,"marks":641},"Strategic Reviews",[642,643],{"type":618},{"type":59,"attrs":644},{"color":15},{"text":409,"type":35,"marks":646},[647],{"type":59,"attrs":648},{"color":413},{"type":37,"content":650},[651,656],{"text":652,"type":35,"marks":653},"McGrathNicol’s independent advice assesses the ongoing financial viability of part or all of your business and its operations. We help you consider options for recapitalisation or divestment. Our experienced team can diagnose the drivers of underperformance, provide an independent view of future funding requirements, and outline options and capital solutions available.",[654],{"type":59,"attrs":655},{"color":15},{"text":409,"type":35,"marks":657},[658],{"type":59,"attrs":659},{"color":413},{"type":37,"content":661},[662,666],{"text":663,"type":35,"marks":664},"Safe Harbour",[665],{"type":618},{"text":409,"type":35,"marks":667},[668],{"type":59,"attrs":669},{"color":670},"#000000",{"type":37,"content":672},[673],{"text":674,"type":35},"The Safe Harbour legislation provides directors with protection from personal liability for debts incurred while they undertake a course of action that is reasonably likely to lead to a ‘better outcome’ for the company than an immediate insolvency appointment. McGrathNicol works with your business to help directors understand and adopt safe harbour protection, freeing the business to attempt performance improvement initiatives, a transaction or preparation for a future capital raise.  ",{"_uid":676,"cards":677,"buttons":682,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":689,"auto_populate_amount":524,"auto_populate_job_title":690,"auto_populate_locations":691,"auto_populate_capabilities":692},"c902cb02-7222-4436-b36f-55d0ed5acad8",[507,678,679,680,681],"6ad70f8e-f2e5-4ad2-a603-32ef3dc6308e","94acc5c2-aff4-4644-b050-b1f979f6c091","d89538d7-e791-42ad-acdc-b7d69b416b3c","b279eeb9-677a-49b8-ad9e-4419b8cb7222",[683],{"_uid":684,"style":389,"component":390,"button_url":685,"button_text":513},"84f7cfb5-6a85-4919-a9c2-a8a039c2a77b",{"id":15,"url":686,"linktype":103,"fieldtype":104,"cached_url":686},"https://www.mcgrathnicol.com/our-experts/?service=board-advisory","Our people","Our people have the sharpest minds, take pride in their performance and are here to help. We thrive on the opportunity to innovate and are committed to delivering high quality outcomes and service excellence.",[74,520,519,521,522,523],[74,520,519,521,522],[],[84],{"_uid":694,"slides":695,"component":724},"ed1f0295-0fd2-4e08-af61-550e85d5aa2a",[696,712],{"tag":398,"_uid":697,"buttons":698,"heading":704,"alignment":705,"component":706,"description":707,"background_image":708},"ed5bd651-a042-468a-924f-3a6a2a39e0f6",[699],{"_uid":700,"style":547,"component":390,"button_url":701,"button_text":703},"115aab0a-043f-41be-a2e2-89a489536d17",{"id":15,"url":702,"linktype":103,"fieldtype":104,"cached_url":702},"https://www.mcgrathnicol.com/experience/?service=board-advisory","View experience","Max Fashions","left","BlockPromo","The Board of New Zealand women’s fashion retailer, Max Fashions, engaged us to explore options to avoid insolvency due to COVID-19. We developed a restructuring plan that reduced payments to suppliers, closed unprofitable stores and reduced rent on remaining stores, using a Creditors Compromise to compel minority dissenting creditors to comply with the restructuring. The restructure saved over 200 jobs and more than half of the retail network.",{"id":709,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":710,"copyright":15,"fieldtype":17,"meta_data":711,"is_external_url":19},9535886,"https://a.storyblok.com/f/186891/2121x1414/2cc56fd164/istock-1409728562.jpg",{},{"tag":398,"_uid":713,"buttons":714,"heading":718,"alignment":705,"component":706,"description":719,"background_image":720},"43bd7e62-2ca6-451b-95aa-509056055978",[715],{"_uid":716,"style":547,"component":390,"button_url":717,"button_text":703},"008ae4fa-2718-4021-a493-c1d118cc60e6",{"id":15,"url":702,"linktype":103,"fieldtype":104,"cached_url":702},"Project Oberon","A large, privately owned zinc mine with east coast operations that had suffered sustained losses due to production delays, rising all-in sustaining costs (AISC) and a falling commodity price.\nThe directors sought our assistance for safe harbour protection while taking steps to implement a turnaround plan and attempt a sale and recapitalisation process that would maximise the return to creditors.",{"id":721,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":722,"copyright":15,"fieldtype":17,"meta_data":723,"is_external_url":19},9535062,"https://a.storyblok.com/f/186891/2814x1815/6ebcbcdd82/istock-153767196.jpg",{},"CarouselHero",[],"Boards\nDirectors\ndecisions\nTurnaround\nSolvency\nPractical\nduties\nanalysis\nTurnaround\nSafe Harbour\nPersonal liability\nprotection\nPerformance improvement\nTransaction\nCapital raise\nStrategic reviews\nFinancial viability\nRecapitalization\nDivestment\nUnderperformance\nFunding requirements\nCapital solutions\nIndependent advice\noutcomes",{"id":558,"alt":15,"name":15,"focus":15,"title":15,"filename":559,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":558,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":559,"copyright":15,"fieldtype":17,"meta_data":729,"is_external_url":19},{},"Board Advisory | McGrathNicol","Providing expert advice for directors making difficult decisions. ","Working with boards to ensure directors fully understand the available options when making difficult decisions.","board-advisory","restructuring/company-advisory/board-advisory",[],"72078254-928e-4443-b4cd-eb95d9568001","2023-04-26T04:15:29.555Z",[],{"name":740,"created_at":741,"published_at":742,"updated_at":743,"id":744,"uuid":85,"content":745,"slug":966,"full_slug":967,"sort_by_date":31,"position":364,"tag_list":968,"is_startpage":19,"parent_id":570,"meta_data":31,"group_id":969,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":970,"default_full_slug":31,"translated_slugs":31},"Business Turnaround & Transformation","2023-04-27T00:25:46.018Z","2026-05-12T02:05:39.420Z","2026-05-12T02:05:39.435Z",298595774,{"_uid":580,"body":746,"child":958,"title":740,"keyWords":15,"keywords":959,"component":556,"image_hero":960,"meta_image":961,"meta_title":963,"description":964,"grid_description":965,"meta_description":965},[747,888,902],{"_uid":583,"content":748,"component":61,"remove_spacing":19},{"type":25,"content":749},[750,757,786,793,805,812,824,831,843,850,862,869,881],{"type":37,"content":751},[752],{"text":753,"type":35,"marks":754},"We put plans into action that restore stability and deliver value. McGrathNicol partners with your board, management teams and financiers to navigate times of challenge, change or stress. We assist with: ",[755],{"type":59,"attrs":756},{"color":15},{"type":108,"content":758},[759,768,777],{"type":111,"content":760},[761],{"type":37,"content":762},[763],{"text":764,"type":35,"marks":765},"quickly identifying the root causes of a challenge",[766],{"type":59,"attrs":767},{"color":15},{"type":111,"content":769},[770],{"type":37,"content":771},[772],{"text":773,"type":35,"marks":774},"formulating turnaround strategies",[775],{"type":59,"attrs":776},{"color":15},{"type":111,"content":778},[779],{"type":37,"content":780},[781],{"text":782,"type":35,"marks":783},"implementing value-maximising transformations.  ",[784],{"type":59,"attrs":785},{"color":15},{"type":37,"content":787},[788],{"text":789,"type":35,"marks":790},"Our proven methodologies and expert teams enable us to deliver turnaround and transformation strategies that maximise value, speed and capability enhancement for clients.  Our teams bring deep expertise in strategy, independent financial and operational performance assessment, program establishment and execution to all engagements. We advise companies across all industry sectors and business sizes. With offices across Australia and New Zealand and established international capability, we can deploy our professionals as required to support your needs.  ",[791],{"type":59,"attrs":792},{"color":15},{"type":37,"content":794},[795,801],{"text":796,"type":35,"marks":797},"Corporate Simplification ",[798,799],{"type":618},{"type":59,"attrs":800},{"color":15},{"text":409,"type":35,"marks":802},[803],{"type":59,"attrs":804},{"color":413},{"type":37,"content":806},[807],{"text":808,"type":35,"marks":809},"Businesses often possess subsidiaries that no longer fulfil a purpose. McGrathNicol offers a comprehensive service for winding up dormant subsidiaries. Our experienced team can assist you to identify suitable entities and advise on the most effective means of winding up. ",[810],{"type":59,"attrs":811},{"color":15},{"type":37,"content":813},[814,820],{"text":815,"type":35,"marks":816},"Liquidity & Working Capital Management",[817,818],{"type":618},{"type":59,"attrs":819},{"color":15},{"text":409,"type":35,"marks":821},[822],{"type":59,"attrs":823},{"color":413},{"type":37,"content":825},[826],{"text":827,"type":35,"marks":828},"We bring visibility, responsibility and accountability to your cash management processes. We can help management teams forecast, save and generate cash flow, by ensuring working capital management is the best it can be to ensure long-term improvements. ",[829],{"type":59,"attrs":830},{"color":15},{"type":37,"content":832},[833,839],{"text":834,"type":35,"marks":835},"Managed Wind Down",[836,837],{"type":618},{"type":59,"attrs":838},{"color":15},{"text":409,"type":35,"marks":840},[841],{"type":59,"attrs":842},{"color":413},{"type":37,"content":844},[845],{"text":846,"type":35,"marks":847},"Effectively exiting joint ventures, partnerships and other business operations is an important part of business success. McGrathNicol’s restructuring, financial and commercial experience can help your organisation with wind downs, exits, mothballing and closing business operations. Our focus is securing the best financial and contractual outcome for your business. ",[848],{"type":59,"attrs":849},{"color":15},{"type":37,"content":851},[852,858],{"text":853,"type":35,"marks":854},"Schemes of Arrangement",[855,856],{"type":618},{"type":59,"attrs":857},{"color":15},{"text":409,"type":35,"marks":859},[860],{"type":59,"attrs":861},{"color":413},{"type":37,"content":863},[864],{"text":865,"type":35,"marks":866},"Schemes of arrangement can offer remarkable flexibility for stakeholders dealing with challenging financial or structural circumstances. We can help your business use schemes to facilitate corporate restructures and amalgamations, effect a transfer of assets and/or a compromise of liabilities. ",[867],{"type":59,"attrs":868},{"color":15},{"type":37,"content":870},[871,877],{"text":872,"type":35,"marks":873},"Strategy",[874,875],{"type":618},{"type":59,"attrs":876},{"color":15},{"text":409,"type":35,"marks":878},[879],{"type":59,"attrs":880},{"color":413},{"type":37,"content":882},[883],{"text":884,"type":35,"marks":885},"McGrathNicol can provide your business with an independent, enterprise-wide assessment of operations, market position and competitors to evaluate, establish, implement and monitor overall strategy. Partnering with McGrathNicol delivers a hands-on and collaborative approach that ensures alignment of strategic goals.",[886],{"type":59,"attrs":887},{"color":15},{"_uid":889,"cards":890,"buttons":893,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":898,"auto_populate_amount":524,"auto_populate_job_title":899,"auto_populate_locations":900,"auto_populate_capabilities":901},"5d3d4733-e807-4805-996e-8bf547af22cf",[508,891,506,892],"ea8f21cd-266c-40fd-b739-d7020e62321d","72711358-a803-4809-a623-8290fcae200b",[894],{"_uid":895,"style":389,"component":390,"button_url":896,"button_text":513},"20d15fd2-8dc8-41e4-8443-7af05a79d3ee",{"id":15,"url":897,"linktype":103,"fieldtype":104,"cached_url":897},"https://www.mcgrathnicol.com/our-experts/?service=business-turnaround-and-transformation",[74,520,519,521,522,523],[74,520,519,521,522],[],[85],{"_uid":903,"slides":904,"component":724},"42591f85-edae-42be-a313-eb1b38a12b96",[905,914,922,934,946],{"tag":398,"_uid":906,"buttons":907,"heading":704,"alignment":705,"component":706,"description":707,"background_image":912},"48787322-4a16-4850-ab05-b8d451af4aba",[908],{"_uid":909,"style":547,"component":390,"button_url":910,"button_text":703},"e1679be8-c0fa-4443-8415-c6516af1bd4a",{"id":15,"url":911,"linktype":103,"fieldtype":104,"cached_url":911},"https://www.mcgrathnicol.com/experience/?service=business-turnaround-and-transformation",{"id":709,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":710,"copyright":15,"fieldtype":17,"meta_data":913,"is_external_url":19},{},{"tag":398,"_uid":915,"buttons":916,"heading":718,"alignment":705,"component":706,"description":719,"background_image":920},"5f067dfe-bb37-4ad7-add4-a9bf770b0826",[917],{"_uid":918,"style":547,"component":390,"button_url":919,"button_text":703},"54a882aa-2499-40b9-a30d-616b3d34e06a",{"id":15,"url":911,"linktype":103,"fieldtype":104,"cached_url":911},{"id":721,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":722,"copyright":15,"fieldtype":17,"meta_data":921,"is_external_url":19},{},{"tag":398,"_uid":923,"buttons":924,"heading":928,"alignment":705,"component":706,"description":929,"background_image":930},"664328c0-3453-48b7-a001-1d04b74a5c59",[925],{"_uid":926,"style":547,"component":390,"button_url":927,"button_text":703},"db9d0163-a6ed-4e71-a01a-906ff793d2a3",{"id":15,"url":911,"linktype":103,"fieldtype":104,"cached_url":911},"Project Eaves","Engaged by an ASX listed livestock and shipping business that had breached numerous facility agreements due to financial underperformance. \nThe directors sought safe harbour protection whilst a turnaround plan was designed and implemented which included negotiation of standstill arrangements, sale and lease back of key assets and a potential sale transaction. The turnaround plan was successfully completed.",{"id":931,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":932,"copyright":15,"fieldtype":17,"meta_data":933,"is_external_url":19},9523517,"https://a.storyblok.com/f/186891/3864x2576/1fa12789e1/istock-503917538.jpg",{},{"tag":398,"_uid":935,"buttons":936,"heading":940,"alignment":705,"component":706,"description":941,"background_image":942},"e446ca8c-49eb-432a-b087-58b5f2e770e3",[937],{"_uid":938,"style":547,"component":390,"button_url":939,"button_text":703},"bc0c151a-90df-49dd-83d1-e17316fabf3b",{"id":15,"url":911,"linktype":103,"fieldtype":104,"cached_url":911},"Project Fjord","We were appointed to assist an infrastructure company facing insolvency due to a single large onerous contract. Our role involved assessing the restructuring options, considering the impact of various options on different stakeholders, and executing the preferred plan. We negotiated an exit from the contract for the company, providing the client with the means to continue with the project, rescuing the business from potential insolvency, and consequently avoiding any losses for creditors. ",{"id":943,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":944,"copyright":15,"fieldtype":17,"meta_data":945,"is_external_url":19},9523550,"https://a.storyblok.com/f/186891/4500x3000/6f7bc1d037/istock-1439667319.jpg",{},{"tag":398,"_uid":947,"buttons":948,"heading":952,"alignment":705,"component":706,"description":953,"background_image":954},"849c8b6a-61fd-4dcb-b064-5e8d70a7b4f2",[949],{"_uid":950,"style":547,"component":390,"button_url":951,"button_text":703},"039c4c46-e188-4d10-8dce-bc90f6cbc7c5",{"id":15,"url":911,"linktype":103,"fieldtype":104,"cached_url":911},"Project Rotana","A national independent grocery delivery business sought our assistance in seeking safe harbour protection. The business comprised of over 100 franchisees with a turnover exceeding $100 million. \nThe unsustainable business model resulted in continued losses, leading the directors to seek safe harbour protection whilst a formal sale process was attempted as an alternate to the immediate appointment of a voluntary administrator.  ",{"id":955,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":956,"copyright":15,"fieldtype":17,"meta_data":957,"is_external_url":19},9523569,"https://a.storyblok.com/f/186891/4032x3024/4623137e91/istock-1067635422.jpg",{},[],"Partnering\nChallenge\nChange\nStress\nRoot causes\nTurnaround strategies\nValue-maximizing\ntransformations\nMethodologies\nExpert teams\nStrategy\nFinancial performance\nOperational performance\nProgram establishment\nProgram execution\nIndustry sectors\nBusiness sizes\nCorporate simplification\nSubsidiary winding up\nLiquidity\nWorking capital management\nCash flow\nwind down\nExits\nMothballing\nClosing\nbusiness operations\nFinancial outcome\nSchemes of arrangement\nCorporate restructures\nAmalgamations\nAsset transfer\nLiability compromise\nStrategy assessment\nMarket position\nCompetitors\nOverall strategy\nHands-on approach\nCollaborative approach\nStrategic goals",{"id":558,"alt":15,"name":15,"focus":15,"title":15,"filename":559,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":558,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":559,"copyright":15,"fieldtype":17,"meta_data":962,"is_external_url":19},{},"Business Turnaround & Transformation | McGrathNicol","Restoring stability and protecting value for businesses in distress.  ","Partnering with boards, management teams and financiers to navigate times of challenge, change or stress. ","business-turnaround-transformation","restructuring/company-advisory/business-turnaround-transformation",[],"f4daff38-289a-409e-b77b-329cab4c6557",[],{"name":972,"created_at":973,"published_at":974,"updated_at":975,"id":976,"uuid":86,"content":977,"slug":1110,"full_slug":1111,"sort_by_date":31,"position":364,"tag_list":1112,"is_startpage":19,"parent_id":570,"meta_data":31,"group_id":1113,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":1114,"default_full_slug":31,"translated_slugs":31},"Capital Solutions","2023-04-27T00:26:01.376Z","2026-05-12T00:58:02.403Z","2026-05-12T00:58:02.421Z",298595775,{"_uid":580,"body":978,"child":1102,"title":972,"keyWords":15,"keywords":1103,"component":556,"image_hero":1104,"meta_image":1105,"meta_title":1107,"description":1108,"grid_description":1109,"meta_description":1109},[979,1070,1085],{"_uid":583,"content":980,"component":61,"remove_spacing":19},{"type":25,"content":981},[982,1002,1013,1025,1036,1047,1059],{"type":37,"content":983},[984,989,993,998],{"text":985,"type":35,"marks":986},"An effective capital structure is critical to long-term business health.",[987],{"type":59,"attrs":988},{"color":15},{"text":409,"type":35,"marks":990},[991],{"type":59,"attrs":992},{"color":413},{"text":994,"type":35,"marks":995},"McGrathNicol’s experts can evaluate your existing capital structure to help you better understand your future needs and identify ways to improve your balance sheet and cash flows.",[996],{"type":59,"attrs":997},{"color":15},{"text":409,"type":35,"marks":999},[1000],{"type":59,"attrs":1001},{"color":413},{"type":37,"content":1003},[1004,1009],{"text":1005,"type":35,"marks":1006},"Our experienced team provides outcomes-focused transaction advice and strategic reviews to optimise capital allocation. We identify ways to improve your balance sheet and cash flows by identifying debt funding solutions. Using our established network of secondary lenders and alternative capital providers, we can assist you with sourcing growth capital to fund expansion and leveraged buyouts.",[1007],{"type":59,"attrs":1008},{"color":15},{"text":409,"type":35,"marks":1010},[1011],{"type":59,"attrs":1012},{"color":413},{"type":37,"content":1014},[1015,1021],{"text":1016,"type":35,"marks":1017},"Distressed M&A",[1018,1019],{"type":618},{"type":59,"attrs":1020},{"color":15},{"text":409,"type":35,"marks":1022},[1023],{"type":59,"attrs":1024},{"color":413},{"type":37,"content":1026},[1027,1032],{"text":1028,"type":35,"marks":1029},"Transactions involving companies or assets in financial distress can be complex. McGrathNicol’s specialised knowledge and expertise can help you navigate unpredictable, fast-paced and highly fluid situations. We can help formulate a bid strategy and implement plans to extract valuation upside.",[1030],{"type":59,"attrs":1031},{"color":15},{"text":409,"type":35,"marks":1033},[1034],{"type":59,"attrs":1035},{"color":413},{"type":37,"content":1037},[1038,1043],{"text":1039,"type":35,"marks":1040},"Our multi-disciplinary team brings together Deals (due diligence and modelling), Restructuring and Strategy & Business Improvement (turnaround implementation) to help you make better decisions. ",[1041],{"type":59,"attrs":1042},{"color":15},{"text":409,"type":35,"marks":1044},[1045],{"type":59,"attrs":1046},{"color":413},{"type":37,"content":1048},[1049,1055],{"text":1050,"type":35,"marks":1051},"Refinancing and Recapitalisation",[1052,1053],{"type":618},{"type":59,"attrs":1054},{"color":15},{"text":409,"type":35,"marks":1056},[1057],{"type":59,"attrs":1058},{"color":413},{"type":37,"content":1060},[1061,1066],{"text":1062,"type":35,"marks":1063},"McGrathNicol can help deliver innovative and practical structured solutions for businesses seeking access to capital. We can assist you to raise private equity and/or debt finance to fund bolt-on transactions, growth, special situations or capital optimisation. We have established relationships with private equity investors and capital providers across all asset classes, risk profiles and ticket sizes to drive commercial outcomes.",[1064],{"type":59,"attrs":1065},{"color":15},{"text":409,"type":35,"marks":1067},[1068],{"type":59,"attrs":1069},{"color":413},{"_uid":1071,"cards":1072,"buttons":1076,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":1081,"auto_populate_amount":524,"auto_populate_job_title":1082,"auto_populate_locations":1083,"auto_populate_capabilities":1084},"d2a09015-1ad0-4fca-98f2-4869c8e41ca0",[1073,505,1074,1075],"07e54378-671c-42cf-ba67-aaf5e3a92b90","e320faa4-590e-4161-9c7c-cb99fa85612b","4190dbea-03c2-4a6d-aa61-77da73861e9d",[1077],{"_uid":1078,"style":389,"component":390,"button_url":1079,"button_text":513},"64d82fc2-c0c5-42ee-a6f3-351a8bab5d33",{"id":15,"url":1080,"linktype":103,"fieldtype":104,"cached_url":1080},"https://www.mcgrathnicol.com/our-experts/?service=capital-solutions",[74,520,519,521,522,523],[74,520,519,521,522],[],[86],{"_uid":1086,"slides":1087,"component":724},"4bd2bd34-f055-4680-99c4-39dca1cbcbff",[1088],{"tag":398,"_uid":1089,"buttons":1090,"heading":1095,"alignment":705,"component":706,"description":1096,"background_image":1097},"bd8c88d6-17e1-4130-b5b4-12f74bdcb62a",[1091],{"_uid":1092,"style":547,"component":390,"button_url":1093,"button_text":703},"323e5264-1309-4314-b92d-eb8ee494fbfc",{"id":15,"url":1094,"linktype":103,"fieldtype":104,"cached_url":1094},"https://www.mcgrathnicol.com/experience/?service=capital-solutions","CF Asia Pacific","We were engaged by a US-owned business that leased locomotives and wagons to rail operators and mining companies across Australia.​ The business had maturing senior and subordinated debt facilities that needed to be managed while a sale process was undertaken. We assisted the company and its shareholders to manage key financier and stakeholder relationships, including consideration of refinancing contingency plans, until the sale completed.",{"id":1098,"alt":1099,"name":15,"focus":15,"title":1099,"source":15,"filename":1100,"copyright":15,"fieldtype":17,"meta_data":1101,"is_external_url":19},10110307,"Photo of a train track","https://a.storyblok.com/f/186891/1397x924/79dc7de85e/experience-image.png",{},[],"Capital structure\nBalance sheet\nCash flows\nCapital allocation\nTransaction advice\nStrategic reviews\nDebt funding\nGrowth capital\nLeveraged buyouts\nDistressed M&A\nBid strategy\nValuation upside\nDeals\nRestructuring\nStrategy\nBusiness Improvement\nRefinancing\nRecapitalisation\nStructured solutions\nPrivate equity\nDebt finance",{"id":558,"alt":15,"name":15,"focus":15,"title":15,"filename":559,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":558,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":559,"copyright":15,"fieldtype":17,"meta_data":1106,"is_external_url":19},{},"Capital Solutions | McGrathNicol","Optimal capital allocation to fund growth.   ","Delivering outcomes-focused transaction advice and strategic reviews to optimise capital allocation.  ","capital-solutions","restructuring/company-advisory/capital-solutions",[],"f193c9be-19a2-434d-915c-c09c6538333f",[],{"name":1116,"created_at":1117,"published_at":1118,"updated_at":1119,"id":1120,"uuid":87,"content":1121,"slug":1266,"full_slug":1267,"sort_by_date":31,"position":568,"tag_list":1268,"is_startpage":62,"parent_id":1269,"meta_data":31,"group_id":1270,"first_published_at":572,"release_id":31,"lang":159,"path":31,"alternates":1271,"default_full_slug":31,"translated_slugs":31},"Creditor Advisory","2023-04-27T00:26:23.497Z","2026-05-12T00:58:49.400Z","2026-05-12T00:58:49.413Z",298595778,{"_uid":382,"body":1122,"child":1253,"title":1116,"keyWords":15,"keywords":1254,"component":556,"image_hero":1255,"meta_image":1258,"meta_title":1262,"description":1263,"grid_description":1264,"meta_description":1265},[1123,1229,1231,1245],{"_uid":385,"buttons":1124,"content":1133,"component":61,"remove_spacing":19},[1125,1129],{"_uid":1126,"style":389,"component":390,"button_url":1127,"button_text":393},"1ef84c87-8554-4b08-b09a-7965b5a90b79",{"id":15,"url":1128,"linktype":103,"fieldtype":104,"cached_url":1128},"https://www.mcgrathnicol.com/our-experts/?service=creditor-advisory",{"_uid":1130,"style":389,"component":390,"button_url":1131,"button_text":398},"d6e4a062-b200-4d9d-b8ea-ca62a4a33e1f",{"id":15,"url":1132,"linktype":103,"fieldtype":104,"cached_url":1132},"https://www.mcgrathnicol.com/experience/?service=creditor-advisory",{"type":25,"content":1134},[1135,1146,1165],{"type":37,"content":1136},[1137,1142],{"text":1138,"type":35,"marks":1139},"McGrathNicol assists creditors and financiers in restructuring and insolvency situations. Our market-leading experts can help your business understand its commercial position, and how to maximise outcomes in dealing with a counterparty that is demonstrating financial distress or going through a restructuring or insolvency process.",[1140],{"type":59,"attrs":1141},{"color":15},{"text":409,"type":35,"marks":1143},[1144],{"type":59,"attrs":1145},{"color":413},{"type":37,"content":1147},[1148,1153,1157,1161],{"text":1149,"type":35,"marks":1150},"Our advice is clear, commercial and actionable and built on a deep understanding of the Australian and New Zealand restructuring landscape.",[1151],{"type":59,"attrs":1152},{"color":15},{"text":409,"type":35,"marks":1154},[1155],{"type":59,"attrs":1156},{"color":413},{"text":415,"type":35,"marks":1158},[1159],{"type":59,"attrs":1160},{"color":15},{"text":409,"type":35,"marks":1162},[1163],{"type":59,"attrs":1164},{"color":413},{"type":108,"content":1166},[1167,1176,1184,1193,1202,1211,1220],{"type":111,"content":1168},[1169],{"type":37,"content":1170},[1171],{"text":1172,"type":35,"marks":1173},"Conduct detailed business reviews. ",[1174],{"type":59,"attrs":1175},{"color":15},{"type":111,"content":1177},[1178],{"type":37,"content":1179},[1180],{"text":457,"type":35,"marks":1181},[1182],{"type":59,"attrs":1183},{"color":15},{"type":111,"content":1185},[1186],{"type":37,"content":1187},[1188],{"text":1189,"type":35,"marks":1190},"Assess restructure options and their impact on all components of the capital structure. ",[1191],{"type":59,"attrs":1192},{"color":15},{"type":111,"content":1194},[1195],{"type":37,"content":1196},[1197],{"text":1198,"type":35,"marks":1199},"Represent stakeholders with complex contractual obligations and financing arrangements. ",[1200],{"type":59,"attrs":1201},{"color":15},{"type":111,"content":1203},[1204],{"type":37,"content":1205},[1206],{"text":1207,"type":35,"marks":1208},"Represent the interests of competing debt and capital providers in situations involving complex intercreditor funding arrangements. ",[1209],{"type":59,"attrs":1210},{"color":15},{"type":111,"content":1212},[1213],{"type":37,"content":1214},[1215],{"text":1216,"type":35,"marks":1217},"Navigate debt providers and financial investors through schemes of arrangement and innovative restructurings. ",[1218],{"type":59,"attrs":1219},{"color":15},{"type":111,"content":1221},[1222],{"type":37,"content":1223},[1224],{"text":1225,"type":35,"marks":1226},"Implement complex restructures including recapitalisations, loan to own and business sales. ",[1227],{"type":59,"attrs":1228},{"color":15},{"_uid":498,"title":499,"buttons":1230,"component":501,"description":15},[],{"_uid":1232,"cards":1233,"buttons":1235,"heading":1239,"card_type":515,"component":516,"description":1240,"auto_population":1241,"auto_populate_amount":524,"auto_populate_job_title":1242,"auto_populate_locations":1243,"auto_populate_capabilities":1244},"50c9bb19-10a7-4c03-be01-8e824e23c07a",[1073,508,1234,892],"144e301c-2cbc-4cdd-a9c6-84027028ae50",[1236],{"_uid":1237,"style":389,"component":390,"button_url":1238,"button_text":513},"7f413b4b-7c68-4d42-a454-d4f10fdd60f3",{"id":15,"url":1128,"linktype":103,"fieldtype":104,"cached_url":1128},"Our experts in Creditor Advisory ","Creditor Advisory experts to help achieve the best outcome when dealing with a financially distressed counterparty.",[519,74,520,523,521,522],[519,74,520,521,522],[],[87],{"_uid":1246,"cards":1247,"buttons":1248,"heading":398,"card_type":536,"component":537,"description":538,"auto_populate":539,"auto_populate_capabilities":1252},"05c307a5-1d24-4067-84bb-c850c15ddfb5",[],[1249],{"_uid":1250,"style":389,"component":390,"button_url":1251,"button_text":535},"4caef85b-0586-42df-aa77-c3c09f85e66a",{"id":15,"url":1132,"linktype":103,"fieldtype":104,"cached_url":1132},[87],[],"Creditor Advisory\nExpert advice\nComplexity of counterparties\nFinancial stress\nRestructuring process\ncounterparty\ndistress\ninsolvency situations\nCommercial position\nadvice\nAustralian\nNew Zealand\nDetailed business reviews\nLiquidity forecasts\nWorking capital\nRestructure\nCapital structure\ncontractual\narrangements\nIntercreditor funding\nDebt providers\nFinancial investors\nSchemes of arrangement\nInnovative restructurings\nRecapitalisations\nLoan to own\nBusiness sales",{"id":1256,"alt":15,"name":15,"focus":15,"title":15,"filename":1257,"copyright":15,"fieldtype":17,"is_external_url":19},8737046,"https://a.storyblok.com/f/186891/5453x4000/a77b67eb06/istock-182030094.jpg",{"id":1259,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1260,"copyright":15,"fieldtype":17,"meta_data":1261,"is_external_url":19},8901711,"https://a.storyblok.com/f/186891/5453x4000/245bb9bf5c/istock-182030094.jpg",{},"Creditor Advisory | McGrathNicol","Expert advice in dealing with the complexity of counterparties in financial stress. ","Assisting creditors and financiers in dealing with a counterparty that is demonstrating financial distress. ","Market-leading experts in helping your business understand its commercial position, and how to maximise outcomes in dealing with a counterparty.","creditor-advisory","restructuring/creditor-advisory/",[],298595776,"49531c60-cb29-4425-b50a-d0d7349f2075",[],{"name":1273,"created_at":1117,"published_at":1274,"updated_at":1275,"id":1276,"uuid":88,"content":1277,"slug":1363,"full_slug":1364,"sort_by_date":31,"position":364,"tag_list":1365,"is_startpage":19,"parent_id":1269,"meta_data":31,"group_id":1366,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":1367,"default_full_slug":31,"translated_slugs":31},"Counterparty Advisory","2026-05-12T01:09:24.726Z","2026-05-12T01:09:24.743Z",298595781,{"_uid":580,"body":1278,"child":1356,"title":1273,"keyWords":15,"keywords":1357,"component":556,"image_hero":1358,"meta_image":1359,"meta_title":1361,"description":1362,"grid_description":1362,"meta_description":1362},[1279,1327,1340],{"_uid":583,"content":1280,"component":61,"remove_spacing":19},{"type":25,"content":1281},[1282,1298],{"type":37,"content":1283},[1284,1289,1293],{"text":1285,"type":35,"marks":1286},"Maximising the outcome of an insolvency or restructuring situation requires expert advice. McGrathNicol’s market-leading advice helps counterparties to insolvency and restructuring situations.",[1287],{"type":59,"attrs":1288},{"color":15},{"text":409,"type":35,"marks":1290},[1291],{"type":59,"attrs":1292},{"color":413},{"text":1294,"type":35,"marks":1295},"With a deep understanding of the Australian and New Zealand restructuring landscape, combined with a strong commercial focus, our team can assist you: ",[1296],{"type":59,"attrs":1297},{"color":15},{"type":108,"content":1299},[1300,1309,1318],{"type":111,"content":1301},[1302],{"type":37,"content":1303},[1304],{"text":1305,"type":35,"marks":1306},"Understand your commercial position. ",[1307],{"type":59,"attrs":1308},{"color":15},{"type":111,"content":1310},[1311],{"type":37,"content":1312},[1313],{"text":1314,"type":35,"marks":1315},"Maximise outcomes in dealing with a counterparty that is demonstrating financial distress or going through a restructuring or insolvency process. ",[1316],{"type":59,"attrs":1317},{"color":15},{"type":111,"content":1319},[1320],{"type":37,"content":1321},[1322],{"text":1323,"type":35,"marks":1324},"Quickly respond to evolving situations with clear, commercial and actionable advice. ",[1325],{"type":59,"attrs":1326},{"color":15},{"_uid":1328,"cards":1329,"buttons":1331,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":1336,"auto_populate_amount":524,"auto_populate_job_title":1337,"auto_populate_locations":1338,"auto_populate_capabilities":1339},"a5831590-9f91-4bcb-880a-074ea0f63a83",[505,1234,681,1330],"e2d981a5-ab8b-43d6-9b57-dffd0f690871",[1332],{"_uid":1333,"style":389,"component":390,"button_url":1334,"button_text":513},"05944d34-f8dc-427a-b4b7-0fef6fd4ea16",{"id":15,"url":1335,"linktype":103,"fieldtype":104,"cached_url":1335},"https://www.mcgrathnicol.com/our-experts/?service=counterparty-advisory",[74,520,519,523,521,522],[74,520,519,521,522],[],[88],{"_uid":1341,"slides":1342,"component":724},"b15a8dcb-c355-4ccd-b68d-cb46f9f4bccf",[1343],{"tag":398,"_uid":1344,"buttons":1345,"heading":1350,"alignment":705,"component":706,"description":1351,"background_image":1352},"25fc0ca5-dee3-4fd2-b63f-19196dbbc6c1",[1346],{"_uid":1347,"style":547,"component":390,"button_url":1348,"button_text":703},"5c283a78-25ca-450d-a41e-0efc33bde873",{"id":15,"url":1349,"linktype":103,"fieldtype":104,"cached_url":1349},"https://www.mcgrathnicol.com/experience/?service=counterparty-advisory","Sydney Airport","We acted as advisors to Sydney Airport Ltd as it navigated its response to the Voluntary Administration of Virgin Australia. We assisted the management team to understand the impact of the Voluntary Administration on Sydney Airport (a key stakeholder and creditor) and negotiate its position with the Voluntary Administrator.",{"id":1353,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1354,"copyright":15,"fieldtype":17,"meta_data":1355,"is_external_url":19},9752982,"https://a.storyblok.com/f/186891/2018x1485/5bd819ea31/istock-500374109.jpg",{},[],"Maximise outcomes\nInsolvency\nRestructuring\nExpert advice\nCounterparties\nFinancial distress\nCommercial position\nRestructuring\nCommercial\ncounterparties\nrecommendation\nquick\nFinancial\nInsolvency\nprocess\nCommercial\nRisk\nassessment\nValue preservation",{"id":1256,"alt":15,"name":15,"focus":15,"title":15,"filename":1257,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":1259,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1260,"copyright":15,"fieldtype":17,"meta_data":1360,"is_external_url":19},{},"Counterparty Advisory | McGrathNicol","Helping counterparties to maximise outcomes in insolvency or restructuring situations. ","counterparty-advisory","restructuring/creditor-advisory/counterparty-advisory",[],"6c498623-78e0-4e12-8363-448f42e1dc82",[],{"name":1369,"created_at":1370,"published_at":1371,"updated_at":1372,"id":1373,"uuid":89,"content":1374,"slug":1495,"full_slug":1496,"sort_by_date":31,"position":364,"tag_list":1497,"is_startpage":19,"parent_id":1269,"meta_data":31,"group_id":1498,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":1499,"default_full_slug":31,"translated_slugs":31},"Independent Business Reviews","2023-04-27T00:27:25.289Z","2026-05-12T01:09:02.044Z","2026-05-12T01:09:02.058Z",298595787,{"_uid":580,"body":1375,"child":1487,"title":1369,"keyWords":15,"keywords":1488,"component":556,"image_hero":1489,"meta_image":1490,"meta_title":1492,"description":1493,"grid_description":1494,"meta_description":1494},[1376,1422,1435],{"_uid":583,"content":1377,"component":61,"remove_spacing":19},{"type":25,"content":1378},[1379,1386,1393],{"type":37,"content":1380},[1381],{"text":1382,"type":35,"marks":1383},"When lenders have exposure to a company in financial distress, the right advice is critical. McGrathNicol assists lenders and other creditors by identifying and managing risk, protecting their positions and preserving and recovering maximum value in the business and its assets. ",[1384],{"type":59,"attrs":1385},{"color":15},{"type":37,"content":1387},[1388],{"text":1389,"type":35,"marks":1390},"Our team of experts conduct detailed business reviews, working closely with management teams to provide independent advice to creditors in these circumstances. We can assist you in: ",[1391],{"type":59,"attrs":1392},{"color":15},{"type":108,"content":1394},[1395,1404,1413],{"type":111,"content":1396},[1397],{"type":37,"content":1398},[1399],{"text":1400,"type":35,"marks":1401},"Identifying performance improvement opportunities. ",[1402],{"type":59,"attrs":1403},{"color":15},{"type":111,"content":1405},[1406],{"type":37,"content":1407},[1408],{"text":1409,"type":35,"marks":1410},"Assessing restructure options for financially distressed businesses. ",[1411],{"type":59,"attrs":1412},{"color":15},{"type":111,"content":1414},[1415],{"type":37,"content":1416},[1417],{"text":1418,"type":35,"marks":1419},"Assessing the impact of restructuring options on all components of the capital structure.",[1420],{"type":59,"attrs":1421},{"color":15},{"_uid":1423,"cards":1424,"buttons":1426,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":1431,"auto_populate_amount":524,"auto_populate_job_title":1432,"auto_populate_locations":1433,"auto_populate_capabilities":1434},"777d0445-eec2-4bea-ab05-cc5b36e68b17",[505,1425,1073,1330],"f25a5b2a-4505-4f9f-b0f6-b31e7ff08fb8",[1427],{"_uid":1428,"style":389,"component":390,"button_url":1429,"button_text":513},"aa35df5a-053a-4ab9-8b30-7001b665d897",{"id":15,"url":1430,"linktype":103,"fieldtype":104,"cached_url":1430},"https://www.mcgrathnicol.com/our-experts/?service=independent-business-reviews",[74,520,519,521,522,523],[74,520,519,521,522],[],[89],{"_uid":1436,"slides":1437,"component":724},"aff578d8-a0cc-4f81-9584-2bb09797b5fc",[1438,1451,1463,1475],{"tag":398,"_uid":1439,"buttons":1440,"heading":1445,"alignment":705,"component":706,"description":1446,"background_image":1447},"1fad05df-7dbb-4cc6-b2a9-c91b185e8904",[1441],{"_uid":1442,"style":547,"component":390,"button_url":1443,"button_text":703},"100e1b72-07f3-4afa-86da-2acd6016ea24",{"id":15,"url":1444,"linktype":103,"fieldtype":104,"cached_url":1444},"https://www.mcgrathnicol.com/experience/?service=independent-business-reviews","Collection House","McGrathNicol was engaged by financiers of an ASX-listed financial services business to undertake an independent review. It became clear that a significant transaction was required in order to reduce debt and we considered the impacts of a proposed major asset sale. Following completion of the transaction, we assisted the financiers to restructure residual debt facilities to ensure the business had a stable capital structure to implement a proposed operational turnaround.",{"id":1448,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1449,"copyright":15,"fieldtype":17,"meta_data":1450,"is_external_url":19},9523728,"https://a.storyblok.com/f/186891/4206x2366/4e2bba6f16/istock-1345792459.jpg",{},{"tag":398,"_uid":1452,"buttons":1453,"heading":1457,"alignment":705,"component":706,"description":1458,"background_image":1459},"72a8d385-0301-4ab0-a206-3beb1965a3f1",[1454],{"_uid":1455,"style":547,"component":390,"button_url":1456,"button_text":703},"74512dfc-de30-43be-9587-45fe7fa9cef7",{"id":15,"url":1444,"linktype":103,"fieldtype":104,"cached_url":1444},"Retail Food Group","We were engaged by financiers to undertake an independent business review of Retail Food Group, an ASX-listed food retail franchise. After completing our initial review of the Group’s forecasts, we monitored its progress as it undertook a dual-track process to explore a sale of non-core businesses, alongside a recapitalisation, in order to reduce debt. We assisted our clients to negotiate a restructure that generate a significant return. ",{"id":1460,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1461,"copyright":15,"fieldtype":17,"meta_data":1462,"is_external_url":19},9523771,"https://a.storyblok.com/f/186891/3864x2576/441ea9e4c2/istock-1162195446.jpg",{},{"tag":398,"_uid":1464,"buttons":1465,"heading":1469,"alignment":705,"component":706,"description":1470,"background_image":1471},"67ce1b67-44b9-4bd2-8a75-c42bf3b1228e",[1466],{"_uid":1467,"style":547,"component":390,"button_url":1468,"button_text":703},"e3849327-3580-4677-8a87-2f1a1d58b39d",{"id":15,"url":1444,"linktype":103,"fieldtype":104,"cached_url":1444},"Western Roads Upgrade Project","The Victoria State Government sought us as advisors on the Western Roads Upgrade project. The project was at risk of default which had implications for future capital contributions and the project’s ability to refinance. We reviewed the project model and undertook scenario analysis to understand the impact on project economics and liquidity of enforcing contractual rights in the event of a default or dispute.",{"id":1472,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1473,"copyright":15,"fieldtype":17,"meta_data":1474,"is_external_url":19},8935791,"https://a.storyblok.com/f/186891/7328x4885/d7d5b62f2f/istock-924065366.jpg",{},{"tag":398,"_uid":1476,"buttons":1477,"heading":1481,"alignment":705,"component":706,"description":1482,"background_image":1483},"3815a838-f8a3-407e-b045-7280ac99d939",[1478],{"_uid":1479,"style":547,"component":390,"button_url":1480,"button_text":703},"eff2e2a1-5664-481b-b312-50115f49aa26",{"id":15,"url":1444,"linktype":103,"fieldtype":104,"cached_url":1444},"West Gate Tunnel Project","We assisted the chief negotiators appointed to represent the Victoria State Government in its negotiations with major counterparties regarding the West Gate Tunnel project. There were a series of disputes and cost overruns with claims in excess of $5bn. We reviewed key documentation, financial models and estimates to identify the economic consequences facing stakeholders. We used our analysis of the impact of commercial, contractual and legislative options to advise our client.\n",{"id":1484,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1485,"copyright":15,"fieldtype":17,"meta_data":1486,"is_external_url":19},9523817,"https://a.storyblok.com/f/186891/5616x3744/9a79d672a2/istock-523476618.jpg",{},[],"Expert advice\nFinancial distress\nLenders\nCreditors\nRisk management\nPosition protection\nValue preservation\nValue recovery\nBusiness reviews\nIndependent advice\nDetailed analysis\nPerformance improvement\nRestructure\nCapital structure\nassessment\ndistressed\nPerformance\nopportunities\nRisk",{"id":1256,"alt":15,"name":15,"focus":15,"title":15,"filename":1257,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":1259,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1260,"copyright":15,"fieldtype":17,"meta_data":1491,"is_external_url":19},{},"Independent Business Reviews | McGrathNicol","Expert advice for lenders with exposure to financial distress. ","Expert advice for lenders and other creditors with exposure to financial distress. ","independent-business-reviews","restructuring/creditor-advisory/independent-business-reviews",[],"a7e7de7e-3c6b-4e32-adf0-3d52d3ff4b64",[],{"name":1501,"created_at":1502,"published_at":1503,"updated_at":1504,"id":1505,"uuid":90,"content":1506,"slug":1585,"full_slug":1586,"sort_by_date":31,"position":364,"tag_list":1587,"is_startpage":19,"parent_id":1269,"meta_data":31,"group_id":1588,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":1589,"default_full_slug":31,"translated_slugs":31},"Liquidity & Working Capital Services","2023-04-27T00:27:39.463Z","2026-05-12T02:06:49.710Z","2026-05-12T02:06:49.724Z",298595788,{"_uid":580,"body":1507,"child":1577,"title":1501,"keyWords":15,"keywords":1578,"component":556,"image_hero":1579,"meta_image":1580,"meta_title":1582,"description":1583,"grid_description":1584,"meta_description":1584},[1508,1525,1537],{"_uid":583,"content":1509,"component":61,"remove_spacing":19},{"type":25,"content":1510},[1511,1518],{"type":37,"content":1512},[1513],{"text":1514,"type":35,"marks":1515},"Improve your cashflow with a proven toolkit of working capital and cashflow improvement initiatives.  Our experience across multiple industries means we can help management teams forecast, save and generate cash flow, by ensuring working capital management is the best it can be.  ",[1516],{"type":59,"attrs":1517},{"color":15},{"type":37,"content":1519},[1520],{"text":1521,"type":35,"marks":1522},"We have expertise in identifying blockages in the working capital cycle and implementing processes to unlock cash flow. Our comprehensive systems have longevity and result in permanent positive change so that improvements are sustainable.  ",[1523],{"type":59,"attrs":1524},{"color":15},{"_uid":1526,"cards":1527,"buttons":1528,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":1533,"auto_populate_amount":524,"auto_populate_job_title":1534,"auto_populate_locations":1535,"auto_populate_capabilities":1536},"26688b2c-ec98-4668-a700-28541e209670",[1073,680,1425,678],[1529],{"_uid":1530,"style":389,"component":390,"button_url":1531,"button_text":513},"9abf5a6b-e992-459f-a528-d8e7928255b7",{"id":15,"url":1532,"linktype":103,"fieldtype":104,"cached_url":1532},"https://www.mcgrathnicol.com/our-experts/?service=liquidity-and-working-capital-services",[74,520,519,521,522,523],[74,520,519,521,522],[],[90],{"_uid":1538,"slides":1539,"component":724},"917782f3-1f66-4c01-909b-443d5ef2a085",[1540,1553,1565],{"tag":398,"_uid":1541,"buttons":1542,"heading":1547,"alignment":705,"component":706,"description":1548,"background_image":1549},"62eae792-0661-4919-b381-801f5b1d8668",[1543],{"_uid":1544,"style":547,"component":390,"button_url":1545,"button_text":703},"2a96b46c-82da-4ef5-8686-401e181ae321",{"id":15,"url":1546,"linktype":103,"fieldtype":104,"cached_url":1546},"https://www.mcgrathnicol.com/experience/?service=liquidity-and-working-capital-services","Project Cycle","Our Working Capital Centre of Excellence team analysed the cash and working capital performance of a global consulting, engineering and project delivery company providing services to the minerals and metals, oil and gas and industrial sectors. We identified multiple areas of opportunity for improvement in days sale outstanding (DSO). We were subsequently engaged to assess, develop and implement process and reporting improvements to improve DSO. The result was a material improvement in DSO, resulting in our client reporting market-leading metrics for its locations around the world.",{"id":1550,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1551,"copyright":15,"fieldtype":17,"meta_data":1552,"is_external_url":19},9523958,"https://a.storyblok.com/f/186891/3864x2576/937081b539/istock-1471863935.jpg",{},{"tag":398,"_uid":1554,"buttons":1555,"heading":1559,"alignment":705,"component":706,"description":1560,"background_image":1561},"704cd0d8-21f6-4320-bf73-d0a52acbc5db",[1556],{"_uid":1557,"style":547,"component":390,"button_url":1558,"button_text":703},"218ff72a-f339-44fc-a38e-b68ae9a3e425",{"id":15,"url":1546,"linktype":103,"fieldtype":104,"cached_url":1546},"Project Mozambique","Developed a cash flow forecasting framework for a national media company. Bespoke forecasts were developed for each business unit that consolidated to a Group forecast, increasing the accuracy of cash flow forecasting and improved treasury operations. The forecasts and the completion processes meant the business units took ownership of their cash flow performance helping to instil a cash culture. We also developed recommendations to improve working capital management and reduce the net working capital position.​",{"id":1562,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1563,"copyright":15,"fieldtype":17,"meta_data":1564,"is_external_url":19},9523977,"https://a.storyblok.com/f/186891/4320x2304/2fc2a8499d/istock-1486508654.jpg",{},{"tag":398,"_uid":1566,"buttons":1567,"heading":1571,"alignment":705,"component":706,"description":1572,"background_image":1573},"ddb1f14b-08e5-4c2d-a292-6ac6d3cbff83",[1568],{"_uid":1569,"style":547,"component":390,"button_url":1570,"button_text":703},"d3b7bb4f-6cd0-4670-beaa-51451739bf7d",{"id":15,"url":1546,"linktype":103,"fieldtype":104,"cached_url":1546},"WorleyParsons","Engaged across a number of assignments to evaluate cost saving opportunities and assist WorleyParsons to meet cash conversion targets. Our roles included designing and resetting cash management metrics and processes, identifying specific ‘blockages’ in the working capital cycle, conducting training for senior operational and finance staff, assessing global cash forecasting procedures and protocols, and assisting the divisions to meet pre-year end cash conversion targets. The cash released was in excess of $300m in 12 months. ",{"id":1574,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1575,"copyright":15,"fieldtype":17,"meta_data":1576,"is_external_url":19},9524005,"https://a.storyblok.com/f/186891/4500x3000/aff3739626/istock-1294905624.jpg",{},[],"Liquidity\nWorking capital\nCash flow\nforecasting\nBlockage\nProcess\nimprovement\nSustainable",{"id":1256,"alt":15,"name":15,"focus":15,"title":15,"filename":1257,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":1259,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1260,"copyright":15,"fieldtype":17,"meta_data":1581,"is_external_url":19},{},"Liquidity & Working Capital Services | McGrathNicol","More predictable cashflow, faster.   ","Improve cashflow with a proven toolkit of working capital and cashflow improvement initiatives.   ","liquidity-working-capital-services","restructuring/creditor-advisory/liquidity-working-capital-services",[],"c3b69452-5ac3-4fc1-83ba-7faf4cf1c8dc",[],{"name":1591,"created_at":1592,"published_at":1593,"updated_at":1594,"id":1595,"uuid":91,"content":1596,"slug":1689,"full_slug":1690,"sort_by_date":31,"position":364,"tag_list":1691,"is_startpage":19,"parent_id":1269,"meta_data":31,"group_id":1692,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":1693,"default_full_slug":31,"translated_slugs":31},"Syndicate Advisory","2023-04-27T00:28:09.811Z","2026-05-12T00:59:09.613Z","2026-05-12T00:59:09.631Z",298595791,{"_uid":580,"body":1597,"child":1680,"title":1591,"keyWords":15,"keywords":1681,"component":556,"image_hero":1682,"meta_image":1683,"meta_title":1685,"description":1686,"grid_description":1687,"meta_description":1688},[1598,1628,1640],{"_uid":583,"content":1599,"component":61,"remove_spacing":19},{"type":25,"content":1600},[1601,1621],{"type":37,"content":1602},[1603,1608,1612,1617],{"text":1604,"type":35,"marks":1605},"Lending syndicates can be a powerful way to access financial opportunities but can bring complexity and risk. McGrathNicol works with diverse creditor groups, bringing clarity to complex situations and providing well supported commercial advice.",[1606],{"type":59,"attrs":1607},{"color":15},{"text":409,"type":35,"marks":1609},[1610],{"type":59,"attrs":1611},{"color":413},{"text":1613,"type":35,"marks":1614},"Our market leading experience allows us to assist lending syndicates to navigate challenging credit situations. We understand creditors within syndicates may often have differing motivations and options available to them.  ",[1615],{"type":59,"attrs":1616},{"color":15},{"text":409,"type":35,"marks":1618},[1619],{"type":59,"attrs":1620},{"color":413},{"type":37,"content":1622},[1623],{"text":1624,"type":35,"marks":1625},"Partnering with McGrathNicol, gives you the understanding of the options available to each syndicate member. We have a demonstrated track record in providing strong, fact-based recommendations to drive outcomes that are mutually beneficial to all members.",[1626],{"type":59,"attrs":1627},{"color":15},{"_uid":1629,"cards":1630,"buttons":1631,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":1636,"auto_populate_amount":524,"auto_populate_job_title":1637,"auto_populate_locations":1638,"auto_populate_capabilities":1639},"17986a2e-f0f7-4aa3-936b-a8dbe4ed8a8c",[1075,1073,1074,506],[1632],{"_uid":1633,"style":389,"component":390,"button_url":1634,"button_text":513},"3ca008c1-1f90-41ae-8f0b-79b338e552fd",{"id":15,"url":1635,"linktype":103,"fieldtype":104,"cached_url":1635},"https://www.mcgrathnicol.com/our-experts/?service=syndicate-advisory",[74,520,519,521,522,523],[74,520,519,521,522],[],[91],{"_uid":1641,"slides":1642,"component":724},"c63618ae-bbc3-4397-a3a6-f7f9a2cffc20",[1643,1656,1668],{"tag":398,"_uid":1644,"buttons":1645,"heading":1650,"alignment":705,"component":706,"description":1651,"background_image":1652},"82baeae5-642d-4e7e-ae4d-8fadd9d951c5",[1646],{"_uid":1647,"style":547,"component":390,"button_url":1648,"button_text":703},"463240d3-f92d-47ff-bdb5-334b67a62754",{"id":15,"url":1649,"linktype":103,"fieldtype":104,"cached_url":1649},"https://www.mcgrathnicol.com/experience/?service=syndicate-advisory","Bluewaters","We were engaged by the syndicate of lenders to Bluewaters Power Station, a 400MW coal-fired electricity generator in WA. The syndicate had maturing facilities of c.$360m, while the power station was facing near-term uncertainty in its coal supply arrangements and medium term exposure to market pricing. We negotiated a number of restructuring proposals with the project sponsors, while facilitating an exit for our clients via the secondary debt market.",{"id":1653,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1654,"copyright":15,"fieldtype":17,"meta_data":1655,"is_external_url":19},9524061,"https://a.storyblok.com/f/186891/3864x2577/f7eff1d74a/istock-1143144671.jpg",{},{"tag":398,"_uid":1657,"buttons":1658,"heading":1662,"alignment":705,"component":706,"description":1663,"background_image":1664},"327884d6-a577-48b1-bd16-10d3a68ce08c",[1659],{"_uid":1660,"style":547,"component":390,"button_url":1661,"button_text":703},"ba4afa2f-e2bb-472f-bf48-0ab9bb64f3b3",{"id":15,"url":1649,"linktype":103,"fieldtype":104,"cached_url":1649},"WICET","McGrathNicol was engaged by the syndicate of senior lenders to Wiggins Island Coal Terminal, a $4bn coal export terminal based in Queensland. The terminal had seen a number of its take-or-pay counterparties fail, and the cost of recovering the capital charge associated with construction made the facility uncompetitive. ​We worked with the company to successfully restructure the project. Our clients agreed an 8-year refinance to achieve a sustainable capital structure.",{"id":1665,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1666,"copyright":15,"fieldtype":17,"meta_data":1667,"is_external_url":19},9524119,"https://a.storyblok.com/f/186891/4368x2912/6ff9b8c93a/istock-106558774.jpg",{},{"tag":398,"_uid":1669,"buttons":1670,"heading":1674,"alignment":705,"component":706,"description":1675,"background_image":1676},"b5393e3b-49d9-4da2-ac79-54ee637b4948",[1671],{"_uid":1672,"style":547,"component":390,"button_url":1673,"button_text":703},"0ac87a49-c910-467e-80e3-b35b92d76e95",{"id":15,"url":1649,"linktype":103,"fieldtype":104,"cached_url":1649},"Arrium","We acted on behalf of a syndicate with facilities in excess of $2.8bn. The banks had been presented with an aggressive refinancing proposal by Arrium and its Investment Bank advisors, who were seeking a material write-off of principal from the syndicate. ​We engaged with the company and put forward an alternative strategy to enhance realisations for the syndicate via a series of insolvency appointments and tactical forbearance arrangements. ",{"id":1677,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1678,"copyright":15,"fieldtype":17,"meta_data":1679,"is_external_url":19},9524151,"https://a.storyblok.com/f/186891/4500x3000/e9a01bc222/istock-1212874880.jpg",{},[],"Syndicate advisory\ndecision\nFact-based\nrecommendations\nLending\nsyndicates\ncredit\nrisk\ncreditor\nadvice\nMarket-leading\nmotivations\nTrack record\noutcomes\nFinancial\nopportunities\nCredit analysis\nRisk assessment",{"id":1256,"alt":15,"name":15,"focus":15,"title":15,"filename":1257,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":1259,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1260,"copyright":15,"fieldtype":17,"meta_data":1684,"is_external_url":19},{},"Syndicate Advisory | McGrathNicol","Supporting effective decision making.   ","Providing strong, fact-based recommendations to assist lending syndicates to navigate challenging credit situations.","Providing strong, fact-based recommendations to assist assist lending syndicates to navigate challenging credit situations.","syndicate-advisory","restructuring/creditor-advisory/syndicate-advisory",[],"85592a3d-4560-45f3-85ed-6916d33ff07b",[],{"name":1695,"created_at":1696,"published_at":1697,"updated_at":1698,"id":1699,"uuid":92,"content":1700,"slug":1818,"full_slug":1819,"sort_by_date":31,"position":568,"tag_list":1820,"is_startpage":62,"parent_id":1821,"meta_data":31,"group_id":1822,"first_published_at":572,"release_id":31,"lang":159,"path":31,"alternates":1823,"default_full_slug":31,"translated_slugs":31},"Insolvency","2023-04-21T05:57:09.836Z","2026-05-12T01:10:45.483Z","2026-05-12T01:10:45.504Z",295745484,{"_uid":382,"body":1701,"child":1807,"title":1695,"keywords":1808,"component":556,"image_hero":1809,"meta_image":1812,"meta_title":1814,"description":1815,"grid_description":1816,"meta_description":1817},[1702,1775,1777,1790,1798],{"_uid":385,"buttons":1703,"content":1712,"component":61,"remove_spacing":19},[1704,1708],{"_uid":1705,"style":389,"component":390,"button_url":1706,"button_text":393},"0f31924b-4ed0-4c8f-aff7-588593a09e40",{"id":15,"url":1707,"linktype":103,"fieldtype":104,"cached_url":1707},"https://www.mcgrathnicol.com/our-experts/?service=insolvency",{"_uid":1709,"style":389,"component":390,"button_url":1710,"button_text":398},"588141e5-aff4-478d-9441-c3960b6c9cfc",{"id":15,"url":1711,"linktype":103,"fieldtype":104,"cached_url":1711},"https://www.mcgrathnicol.com/experience/?service=insolvency",{"type":25,"content":1713},[1714,1721,1728],{"type":37,"content":1715},[1716],{"text":1717,"type":35,"marks":1718},"Corporate insolvency can be an acutely stressful circumstance for everyone involved. Our experienced team of experts bring a professional, respectful and empathetic approach to all forms of corporate insolvency.  ",[1719],{"type":59,"attrs":1720},{"color":15},{"type":37,"content":1722},[1723],{"text":1724,"type":35,"marks":1725},"We take command of the situation, quickly assess available options and implement the most favourable strategy to maximise value for creditors. We administer insolvency appointments across all industry sectors and business sizes. We are regularly engaged to: ",[1726],{"type":59,"attrs":1727},{"color":15},{"type":108,"content":1729},[1730,1739,1748,1757,1766],{"type":111,"content":1731},[1732],{"type":37,"content":1733},[1734],{"text":1735,"type":35,"marks":1736},"Advise boards, financiers and stakeholders on insolvency processes and options. ",[1737],{"type":59,"attrs":1738},{"color":15},{"type":111,"content":1740},[1741],{"type":37,"content":1742},[1743],{"text":1744,"type":35,"marks":1745},"Administer all forms of corporate insolvency including voluntary administrations, deeds of company arrangement, receiverships and liquidations. ",[1746],{"type":59,"attrs":1747},{"color":15},{"type":111,"content":1749},[1750],{"type":37,"content":1751},[1752],{"text":1753,"type":35,"marks":1754},"Implement value maximising restructures within the insolvency regime including recapitalisations, debt to equity conversions and business sales. ",[1755],{"type":59,"attrs":1756},{"color":15},{"type":111,"content":1758},[1759],{"type":37,"content":1760},[1761],{"text":1762,"type":35,"marks":1763},"Conduct impartial investigations into business collapse. ",[1764],{"type":59,"attrs":1765},{"color":15},{"type":111,"content":1767},[1768],{"type":37,"content":1769},[1770],{"text":1771,"type":35,"marks":1772},"Prepare asset and fund tracing analysis and expert reports. ",[1773],{"type":59,"attrs":1774},{"color":15},{"_uid":498,"title":499,"buttons":1776,"component":501,"description":15},[],{"_uid":1778,"cards":1779,"buttons":1780,"heading":1784,"card_type":515,"component":516,"description":1785,"auto_population":1786,"auto_populate_amount":524,"auto_populate_job_title":1787,"auto_populate_locations":1788,"auto_populate_capabilities":1789},"2b021eb3-f0aa-4197-8b4d-5537b51eadaa",[681,679,891,678],[1781],{"_uid":1782,"style":389,"component":390,"button_url":1783,"button_text":513},"c3565032-c2aa-4bb8-bfbc-ef0df458fde6",{"id":15,"url":1707,"linktype":103,"fieldtype":104,"cached_url":1707},"Our experts in Insolvency","Insolvency experts who take command, assess available options and implement strategies to maximise value for creditors.",[519,74,520,521,522,523],[519,74,520,521,522],[],[92],{"_uid":1791,"cards":1792,"buttons":1793,"heading":398,"card_type":536,"component":537,"description":538,"auto_populate":539,"auto_populate_capabilities":1797},"4219eb2d-02c5-4a37-92c5-928f7925be41",[],[1794],{"_uid":1795,"style":389,"component":390,"button_url":1796,"button_text":535},"8fa0321c-0e94-4a22-bd98-4f765bb1c64f",{"id":15,"url":1711,"linktype":103,"fieldtype":104,"cached_url":1711},[92],{"_uid":1799,"cards":1800,"buttons":1801,"heading":322,"card_type":1805,"component":537,"description":551,"auto_populate":552,"auto_populate_capabilities":1806},"3dfd04ed-113d-408b-8d62-2c5f4bed252d",[],[1802],{"_uid":1803,"style":547,"component":390,"button_url":1804,"button_text":549},"91a606d7-6efb-4a82-9ff6-56dcd419ea5d",{"id":330,"url":15,"linktype":173,"fieldtype":104,"cached_url":331},"PageInsights,PageCapabilities",[92,93,94,95,96],[],"Corporate insolvency\nProfessional\nRespectful\nEmpathetic\nStressful circumstance\nExperienced team\nAvailable options\nFavourable strategy\nCreditors\nBoards\nFinanciers\nStakeholders\nInsolvency processes\nVoluntary administrations\nDeeds\ncompany arrangement\nReceiverships\nLiquidations\nrestructures\nRecapitalizations\nDebt to equity conversions\nBusiness sales\nImpartial investigations\nBusiness collapse\nAsset\nfund\ntracing\nanalysis",{"id":1810,"alt":15,"name":15,"focus":15,"title":15,"filename":1811,"copyright":15,"fieldtype":17,"is_external_url":19},8630960,"https://a.storyblok.com/f/186891/4462x2231/ea4ca9e1c3/istock-1314918626.jpg",{"id":1810,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1811,"copyright":15,"fieldtype":17,"meta_data":1813,"is_external_url":19},{},"Corporate Insolvency Service | Insolvency Accountants | McGrathNicol","A professional and empathetic approach to insolvency appointments. ","Providing a professional, respectful and empathetic approach to all forms of corporate insolvency appointments. ","Experts in providing a professional and empathetic approach to insolvency appointments. Specialists in administering all forms of corporate insolvency.","insolvency","restructuring/insolvency/",[],295745069,"e952d376-d256-47e4-ad85-05f48b65746c",[],{"name":1825,"created_at":1826,"published_at":1827,"updated_at":1828,"id":1829,"uuid":93,"content":1830,"slug":1962,"full_slug":1963,"sort_by_date":31,"position":364,"tag_list":1964,"is_startpage":19,"parent_id":1821,"meta_data":31,"group_id":1965,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":1966,"default_full_slug":31,"translated_slugs":31},"Court Liquidation","2023-04-21T05:56:39.130Z","2026-05-12T01:12:06.429Z","2026-05-12T01:12:06.445Z",295745482,{"_uid":580,"body":1831,"child":1954,"title":1825,"keywords":1955,"component":556,"image_hero":1956,"meta_image":1957,"meta_title":1959,"description":1960,"grid_description":1961,"meta_description":1961},[1832,1926,1938],{"_uid":583,"content":1833,"component":61,"remove_spacing":19},{"type":25,"content":1834},[1835,1846,1866,1877,1915],{"type":37,"content":1836},[1837,1842],{"text":1838,"type":35,"marks":1839},"A court liquidation allows for a methodical approach to winding up a company and bringing its affairs to an end.",[1840],{"type":59,"attrs":1841},{"color":15},{"text":409,"type":35,"marks":1843},[1844],{"type":59,"attrs":1845},{"color":413},{"type":37,"content":1847},[1848,1853,1857,1862],{"text":1849,"type":35,"marks":1850},"When a business cannot pay its debts, creditors, company members and other interested parties can seek a court liquidation to remove the control from its directors and shareholders, and replace them with an independent liquidator. ",[1851],{"type":59,"attrs":1852},{"color":15},{"text":409,"type":35,"marks":1854},[1855],{"type":59,"attrs":1856},{"color":413},{"text":1858,"type":35,"marks":1859},"Once appointed, the McGrathNicol liquidator will ensure that the appropriate investigations are undertaken, and the best possible outcome is achieved for all interested parties. ",[1860],{"type":59,"attrs":1861},{"color":15},{"text":409,"type":35,"marks":1863},[1864],{"type":59,"attrs":1865},{"color":413},{"type":37,"content":1867},[1868,1873],{"text":1869,"type":35,"marks":1870},"Our team understands the impacts of insolvency and how this is detrimental to all parties. We assist with:",[1871],{"type":59,"attrs":1872},{"color":15},{"text":409,"type":35,"marks":1874},[1875],{"type":59,"attrs":1876},{"color":413},{"type":108,"content":1878},[1879,1888,1897,1906],{"type":111,"content":1880},[1881],{"type":37,"content":1882},[1883],{"text":1884,"type":35,"marks":1885},"locating and selling company assets ",[1886],{"type":59,"attrs":1887},{"color":15},{"type":111,"content":1889},[1890],{"type":37,"content":1891},[1892],{"text":1893,"type":35,"marks":1894},"investigating director conduct and reporting misconduct to the regulator ",[1895],{"type":59,"attrs":1896},{"color":15},{"type":111,"content":1898},[1899],{"type":37,"content":1900},[1901],{"text":1902,"type":35,"marks":1903},"identifying and pursuing any legal claims that may recover funds ",[1904],{"type":59,"attrs":1905},{"color":15},{"type":111,"content":1907},[1908],{"type":37,"content":1909},[1910],{"text":1911,"type":35,"marks":1912},"distributing funds to creditors in the order required by law. ",[1913],{"type":59,"attrs":1914},{"color":15},{"type":37,"content":1916},[1917,1922],{"text":1918,"type":35,"marks":1919},"Monies are returned to unsecured creditors by dividing those funds in proportion to the value of their claims so that all unsecured creditors will get the same rate of return. Court liquidation provides a final, fair and orderly solution for instances where a company cannot pay its debts.  ",[1920],{"type":59,"attrs":1921},{"color":15},{"text":409,"type":35,"marks":1923},[1924],{"type":59,"attrs":1925},{"color":413},{"_uid":1927,"cards":1928,"buttons":1929,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":1934,"auto_populate_amount":524,"auto_populate_job_title":1935,"auto_populate_locations":1936,"auto_populate_capabilities":1937},"963d775b-18c9-481e-8ce2-1d0c9e6e639b",[508,680,891,1425],[1930],{"_uid":1931,"style":389,"component":390,"button_url":1932,"button_text":513},"7b6bc3ec-51e6-4048-bf7b-e84316413f9d",{"id":15,"url":1933,"linktype":103,"fieldtype":104,"cached_url":1933},"https://www.mcgrathnicol.com/our-experts/?service=court-liquidation",[74,520,519,523,521,522],[74,520,519,521,522],[],[93],{"_uid":1939,"slides":1940,"component":724},"8e77b11a-0219-4ef3-b12a-ea2ddd88df5e",[1941],{"tag":398,"_uid":1942,"buttons":1943,"heading":1948,"alignment":705,"component":706,"description":1949,"background_image":1950},"93eef607-17fe-4813-bcdf-0b62897f7c99",[1944],{"_uid":1945,"style":547,"component":390,"button_url":1946,"button_text":703},"9dd47a53-ac3a-4fad-bf7c-779c874578d5",{"id":15,"url":1947,"linktype":103,"fieldtype":104,"cached_url":1947},"https://www.mcgrathnicol.com/experience/?service=court-liquidation","My Wealth Adviser Pty Ltd","The financial services provider had ceased trading with a number of determinations outstanding from the Australian Financial Complaints Authority in response to complaints raised by former clients. We were appointed Liquidators by the court at the application of ASIC. Our investigations included a reconstruction of the general ledger account to assess events leading up to the liquidation. We also assisted claimants with unpaid determinations to seek claims against a government established compensation scheme.",{"id":1951,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1952,"copyright":15,"fieldtype":17,"meta_data":1953,"is_external_url":19},9524334,"https://a.storyblok.com/f/186891/4500x3000/d6c2b50cbc/istock-1287662325.jpg",{},[],"Court liquidation\nWinding up\nBringing affairs to an end\nDebts\nCreditors\nCompany members\nInterested parties\nIndependent liquidator\nInvestigations\nOutcome\nInsolvency\nCompany assets\nDirector conduct\nMisconduct\nLegal claims\nFund recovery\nDistribution of funds\nUnsecured creditors\nFinal solution\nFair and orderly",{"id":1810,"alt":15,"name":15,"focus":15,"title":15,"filename":1811,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":1810,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1811,"copyright":15,"fieldtype":17,"meta_data":1958,"is_external_url":19},{},"Court Liquidation | McGrathNicol","A final, fair and orderly solution. ","Providing a methodical approach to winding up a company and bringing its affairs to an end. ","court-liquidation","restructuring/insolvency/court-liquidation",[],"aa4b1f1e-ca1b-4d4c-864b-f5e5d40f11d9",[],{"name":1968,"created_at":1969,"published_at":1970,"updated_at":1971,"id":1972,"uuid":94,"content":1973,"slug":2093,"full_slug":2094,"sort_by_date":31,"position":364,"tag_list":2095,"is_startpage":19,"parent_id":1821,"meta_data":31,"group_id":2096,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":2097,"default_full_slug":31,"translated_slugs":31},"Creditors’ Voluntary  Winding Up","2023-04-26T04:21:50.986Z","2026-05-12T01:11:30.379Z","2026-05-12T01:11:30.391Z",297895785,{"_uid":580,"body":1974,"child":2084,"title":2085,"keywords":2086,"component":556,"image_hero":2087,"meta_image":2088,"meta_title":2090,"description":2091,"grid_description":2092,"meta_description":2092},[1975,2043,2056],{"_uid":583,"content":1976,"component":61,"remove_spacing":19},{"type":25,"content":1977},[1978,1998,2036],{"type":37,"content":1979},[1980,1985,1989,1994],{"text":1981,"type":35,"marks":1982},"Creditors’ Voluntary Winding Up is an orderly process for closing a company which has unresolvable financial challenges. Shareholders of these companies can appoint a liquidator to take over and complete the winding up process. ",[1983],{"type":59,"attrs":1984},{"color":15},{"text":409,"type":35,"marks":1986},[1987],{"type":59,"attrs":1988},{"color":413},{"text":1990,"type":35,"marks":1991},"Our team can help by:",[1992],{"type":59,"attrs":1993},{"color":15},{"text":409,"type":35,"marks":1995},[1996],{"type":59,"attrs":1997},{"color":413},{"type":108,"content":1999},[2000,2009,2018,2027],{"type":111,"content":2001},[2002],{"type":37,"content":2003},[2004],{"text":2005,"type":35,"marks":2006},"managing all interactions with company creditors ",[2007],{"type":59,"attrs":2008},{"color":15},{"type":111,"content":2010},[2011],{"type":37,"content":2012},[2013],{"text":2014,"type":35,"marks":2015},"taking control of and selling all company assets ",[2016],{"type":59,"attrs":2017},{"color":15},{"type":111,"content":2019},[2020],{"type":37,"content":2021},[2022],{"text":2023,"type":35,"marks":2024},"investigating and pursuing any legal claims which might recover funds ",[2025],{"type":59,"attrs":2026},{"color":15},{"type":111,"content":2028},[2029],{"type":37,"content":2030},[2031],{"text":2032,"type":35,"marks":2033},"distributing all funds as required by law. ",[2034],{"type":59,"attrs":2035},{"color":15},{"type":37,"content":2037},[2038],{"text":2039,"type":35,"marks":2040},"In broad terms the order of creditor repayment is firstly creditors with security over company assets, former employees and then all unsecured creditors. Monies returned to creditors are divided in proportion to the value of their claims, so that all unsecured creditors will get the same rate of return. Once complete, the company will be deregistered. ",[2041],{"type":59,"attrs":2042},{"color":15},{"_uid":2044,"cards":2045,"buttons":2047,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":2052,"auto_populate_amount":524,"auto_populate_job_title":2053,"auto_populate_locations":2054,"auto_populate_capabilities":2055},"9ae1115f-7ae4-47a3-bcdc-7de5d5915aa1",[1075,2046,1234,1330],"ac81cb95-92a0-4af0-923e-a97c9cb85e06",[2048],{"_uid":2049,"style":389,"component":390,"button_url":2050,"button_text":513},"8d5427a1-239c-4d8d-b595-80bb09f0bf5e",{"id":15,"url":2051,"linktype":103,"fieldtype":104,"cached_url":2051},"https://www.mcgrathnicol.com/our-experts/?service=https://www.mcgrathnicol.com/experience/?service=creditors-voluntary-winding-up",[74,520,519,523,521,522],[74,520,519,521,522],[],[94],{"_uid":2057,"slides":2058,"component":724},"8f19d3c1-1a92-49d8-a157-09ed401d5fd8",[2059,2072],{"tag":398,"_uid":2060,"buttons":2061,"heading":2066,"alignment":705,"component":706,"description":2067,"background_image":2068},"01e98dc3-0bd2-4b63-85f2-57c55d1c4536",[2062],{"_uid":2063,"style":547,"component":390,"button_url":2064,"button_text":703},"294e5910-3d88-451c-b0d0-11d96fbc52ad",{"id":15,"url":2065,"linktype":103,"fieldtype":104,"cached_url":2065},"https://www.mcgrathnicol.com/experience/?service=creditors-voluntary-winding-up","Tandem Group","The Tandem Group provided workforce management services to the telecommunications, utilities and insurance sectors throughout Australia. Profitability had been declining for a number of years due to material reductions in customer volumes which led to our appointment as Administrators. Despite only being appointed administrators to certain entities within the group, we stabilised operations across the whole group and accelerated, managed and completed a going concern sale process.  ",{"id":2069,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":2070,"copyright":15,"fieldtype":17,"meta_data":2071,"is_external_url":19},9539599,"https://a.storyblok.com/f/186891/3621x2749/56aef2d296/istock-157677157.jpg",{},{"tag":398,"_uid":2073,"buttons":2074,"heading":2078,"alignment":705,"component":706,"description":2079,"background_image":2080},"7ed1523f-379c-4b70-9526-365177599d2a",[2075],{"_uid":2076,"style":547,"component":390,"button_url":2077,"button_text":703},"235cb3f3-3b42-44a9-96f6-1d787d6fc2bc",{"id":15,"url":2065,"linktype":103,"fieldtype":104,"cached_url":2065},"Home Australia Group","We were appointed Liquidators of Home Australia, a residential building Group with separately branded and operated businesses in each major state of Australia.  The Group had a number of partially completed display homes, approximately 200 customer homes under construction and undeveloped land. We sold the land, implemented a realiation strategy for the display homes, communicated frequently with creditors and home building insurers, and assisted affected customers with new builders to complete their homes.  ",{"id":2081,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":2082,"copyright":15,"fieldtype":17,"meta_data":2083,"is_external_url":19},9516911,"https://a.storyblok.com/f/186891/3864x2576/e09cc26bb8/istock-1141173251.jpg",{},[],"Creditors’ Voluntary Winding Up","Creditors' Voluntary\nWinding Up\nOrderly process\nUnresolvable\n financial challenges\nLiquidator\nWinding up process\n creditors\nCompany assets\nLegal claims\nFund recovery\nCreditor repayment\nSecurity over assets\nFormer employees\nUnsecured creditors\nRate of return\nDeregistration",{"id":1810,"alt":15,"name":15,"focus":15,"title":15,"filename":1811,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":1810,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1811,"copyright":15,"fieldtype":17,"meta_data":2089,"is_external_url":19},{},"Creditors’ Voluntary  Winding Up | McGrathNicol","Closing your financially distressed company. ","Providing an orderly process for closing a company which has unresolvable financial challenges.","creditors-voluntary-winding-up","restructuring/insolvency/creditors-voluntary-winding-up",[],"f5885e04-c0d6-481d-9251-1d70d996d8ef",[],{"name":2099,"created_at":2100,"published_at":2101,"updated_at":2102,"id":2103,"uuid":95,"content":2104,"slug":2239,"full_slug":2240,"sort_by_date":31,"position":364,"tag_list":2241,"is_startpage":19,"parent_id":1821,"meta_data":31,"group_id":2242,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":2243,"default_full_slug":31,"translated_slugs":31},"Receiverships","2023-04-26T04:16:02.141Z","2026-05-12T01:11:46.795Z","2026-05-12T01:11:46.810Z",297895746,{"_uid":580,"body":2105,"child":2231,"title":2099,"keywords":2232,"component":556,"image_hero":2233,"meta_image":2234,"meta_title":2236,"description":2237,"grid_description":2238,"meta_description":2238},[2106,2167,2179],{"_uid":583,"content":2107,"component":61,"remove_spacing":19},{"type":25,"content":2108},[2109,2129],{"type":37,"content":2110},[2111,2116,2120,2125],{"text":2112,"type":35,"marks":2113},"Lenders who hold security often need external support and counsel to assist in dealing with distressed loans. McGrathNicol works with secured lenders to determine appropriate realisation strategies that maximise recoveries.",[2114],{"type":59,"attrs":2115},{"color":15},{"text":409,"type":35,"marks":2117},[2118],{"type":59,"attrs":2119},{"color":413},{"text":2121,"type":35,"marks":2122},"Our experienced team can assist with:",[2123],{"type":59,"attrs":2124},{"color":15},{"text":409,"type":35,"marks":2126},[2127],{"type":59,"attrs":2128},{"color":413},{"type":108,"content":2130},[2131,2140,2149,2158],{"type":111,"content":2132},[2133],{"type":37,"content":2134},[2135],{"text":2136,"type":35,"marks":2137},"Reviewing the underlying security. ",[2138],{"type":59,"attrs":2139},{"color":15},{"type":111,"content":2141},[2142],{"type":37,"content":2143},[2144],{"text":2145,"type":35,"marks":2146},"Evaluating the loan to determine if sufficient cashflows can be generated to meet servicing obligations. ",[2147],{"type":59,"attrs":2148},{"color":15},{"type":111,"content":2150},[2151],{"type":37,"content":2152},[2153],{"text":2154,"type":35,"marks":2155},"Determining strategic options for maximising returns and meeting secured lender expectations. ",[2156],{"type":59,"attrs":2157},{"color":15},{"type":111,"content":2159},[2160],{"type":37,"content":2161},[2162],{"text":2163,"type":35,"marks":2164},"Implementing the enforcement strategy, which may range from appointments as Receivers and Managers to distressed companies, or as Agents for Mortgagees in Possession over direct property exposures. ",[2165],{"type":59,"attrs":2166},{"color":15},{"_uid":2168,"cards":2169,"buttons":2170,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":2175,"auto_populate_amount":524,"auto_populate_job_title":2176,"auto_populate_locations":2177,"auto_populate_capabilities":2178},"016b69de-d9bd-4a61-9c9a-7cc5fd743778",[1075,679,506,508],[2171],{"_uid":2172,"style":389,"component":390,"button_url":2173,"button_text":513},"1dae4d2f-8446-4c78-8c87-5af182c19c35",{"id":15,"url":2174,"linktype":103,"fieldtype":104,"cached_url":2174},"https://www.mcgrathnicol.com/our-experts/?service=receiverships",[74,520,519,521,522,523],[74,520,519,521,522],[],[95],{"_uid":2180,"slides":2181,"component":724},"4dcdcffa-9b81-4c88-a665-d8261896883e",[2182,2195,2207,2219],{"tag":398,"_uid":2183,"buttons":2184,"heading":2189,"alignment":705,"component":706,"description":2190,"background_image":2191},"599d3fe5-79a6-486c-abca-0dd291bd9236",[2185],{"_uid":2186,"style":547,"component":390,"button_url":2187,"button_text":703},"ffaac3fb-9da8-4bda-aaa9-d7de6d80e124",{"id":15,"url":2188,"linktype":103,"fieldtype":104,"cached_url":2188},"https://www.mcgrathnicol.com/experience/?service=receiverships","Hawkins Construction","Appointed receivers of the legacy Hawkins Construction business in New Zealand following a sale of the majority of the business and assets to Downer Engineering. We undertook detailed reviews of remaining construction disputes, managed the engagement of experts and lawyers, and negotiated resolutions to the long-running disputes to generate recoveries.",{"id":2192,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":2193,"copyright":15,"fieldtype":17,"meta_data":2194,"is_external_url":19},9524499,"https://a.storyblok.com/f/186891/3864x2576/51fd549a36/istock-930509000.jpg",{},{"tag":398,"_uid":2196,"buttons":2197,"heading":2201,"alignment":705,"component":706,"description":2202,"background_image":2203},"037332ae-a434-4050-86eb-f9055f5be8b9",[2198],{"_uid":2199,"style":547,"component":390,"button_url":2200,"button_text":703},"72804359-e3b3-413b-812f-3be0e1b9c93c",{"id":15,"url":2188,"linktype":103,"fieldtype":104,"cached_url":2188},"The Coomboona Group","We were appointed Receivers of The Coomboona Group by the primary secured creditor on the back of a shareholder dispute. Together with our dairy industry alliance partner, we quickly stabilised cash flow and rationalised operations (herd size, management structure, feed regime) to facilitate the going concern sale of the business. Our client’s mortgage was acquired by the 2nd ranking charge holder with our client making a full recovery including costs.",{"id":2204,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":2205,"copyright":15,"fieldtype":17,"meta_data":2206,"is_external_url":19},9535783,"https://a.storyblok.com/f/186891/3863x2578/7d6cd2ed70/istock-956376464.jpg",{},{"tag":398,"_uid":2208,"buttons":2209,"heading":2213,"alignment":705,"component":706,"description":2214,"background_image":2215},"63924c6f-7495-401f-88cf-03d67b08ff4c",[2210],{"_uid":2211,"style":547,"component":390,"button_url":2212,"button_text":703},"1dac2ae5-c121-47b2-9f45-245461ceeac4",{"id":15,"url":2188,"linktype":103,"fieldtype":104,"cached_url":2188},"Australian Airport Terminal Services ","Receivership over a purpose built, self-storage facility from a long term leasehold interest in the Perth Airport precinct, which generated annual underlying earnings of circa $1.0 million. We stabilised and maintained operations, whilst undertaking a going concern realisation campaign. Notwithstanding the onset of COVID-19 at the critical juncture of the campaign, we secured an above market sale to a listed REIT and successfully navigated complicated Federal and State Government, Airports Act and FIRB approvals.  ",{"id":2216,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":2217,"copyright":15,"fieldtype":17,"meta_data":2218,"is_external_url":19},9524492,"https://a.storyblok.com/f/186891/3864x2576/ee41f31619/istock-1316180303.jpg",{},{"tag":398,"_uid":2220,"buttons":2221,"heading":2225,"alignment":705,"component":706,"description":2226,"background_image":2227},"eab7a0a5-a9cd-4fca-bd4e-be66f6b5ebde",[2222],{"_uid":2223,"style":547,"component":390,"button_url":2224,"button_text":703},"1672c087-64a6-4e27-8961-084147ad63ec",{"id":15,"url":2188,"linktype":103,"fieldtype":104,"cached_url":2188},"VCS Civil and Mining","As Receiver and Manager, appointed by a private investment and advisory firm, we managed a controlled wind down of the business and developed and implemented comprehensive realisation strategies across a portfolio of assets, including a fleet of equipment, various downstream equity interests and a portfolio of residential and commercial property.",{"id":2228,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":2229,"copyright":15,"fieldtype":17,"meta_data":2230,"is_external_url":19},9535785,"https://a.storyblok.com/f/186891/3862x2578/3ca4825925/istock-505297676.jpg",{},[],"Receiverships\nSecured creditors\nRealisation\nstrategies\nrecoveries\nDistressed loans\nExternal support\nCounsel\nReviewing security\nEvaluating loans\nCashflows\nStrategic options\nReturns\nlender\nexpectations\nEnforcement strategy\nReceivers\nManagers\nAgents\nMortgagees\n in Possession\nDistressed\nDirect property exposures",{"id":1810,"alt":15,"name":15,"focus":15,"title":15,"filename":1811,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":1810,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1811,"copyright":15,"fieldtype":17,"meta_data":2235,"is_external_url":19},{},"Receiverships | McGrathNicol","Assisting secured creditors. ","Assisting secured creditors to determine appropriate realisation strategies that maximise recoveries. ","receiverships","restructuring/insolvency/receiverships",[],"e4ccf396-19e8-4c29-8996-44c75cd9e057",[],{"name":2245,"created_at":2246,"published_at":2247,"updated_at":2248,"id":2249,"uuid":96,"content":2250,"slug":2349,"full_slug":2350,"sort_by_date":31,"position":364,"tag_list":2351,"is_startpage":19,"parent_id":1821,"meta_data":31,"group_id":2352,"first_published_at":737,"release_id":31,"lang":159,"path":31,"alternates":2353,"default_full_slug":31,"translated_slugs":31},"Voluntary  Administration &  Deeds of Company  Arrangement","2023-04-26T04:22:25.035Z","2026-05-12T01:11:14.796Z","2026-05-12T01:11:14.809Z",297895786,{"_uid":580,"body":2251,"child":2341,"title":2245,"keywords":2342,"component":556,"image_hero":2343,"meta_image":2344,"meta_title":2346,"description":2347,"grid_description":2348,"meta_description":2348},[2252,2290,2303],{"_uid":583,"buttons":2253,"content":2259,"component":61,"remove_spacing":19},[2254],{"_uid":2255,"style":389,"component":390,"button_url":2256,"button_text":2258},"788f9944-22be-4a78-902c-4c5296212b90",{"id":15,"url":2257,"linktype":17,"fieldtype":104,"cached_url":2257},"https://a.storyblok.com/f/186891/x/2ba05f6568/mcgrathnicol_brochure-voluntary-administration.pdf","Read more about our VA services",{"type":25,"content":2260},[2261,2272,2283],{"type":37,"content":2262},[2263,2268],{"text":2264,"type":35,"marks":2265},"Voluntary Administration (VA) provides a statutory framework for directors, or in some instances financiers, of a company to reorganise, restructure and recapitalise a business.",[2266],{"type":59,"attrs":2267},{"color":15},{"text":409,"type":35,"marks":2269},[2270],{"type":59,"attrs":2271},{"color":413},{"type":37,"content":2273},[2274,2279],{"text":2275,"type":35,"marks":2276},"McGrathNicol’s VA services provide valuable breathing room to support a company in financial distress. We administer in a way that maximises the chance all or part of the business can continue or be saved, achieving a better outcome than an immediate liquidation.",[2277],{"type":59,"attrs":2278},{"color":15},{"text":409,"type":35,"marks":2280},[2281],{"type":59,"attrs":2282},{"color":413},{"type":37,"content":2284},[2285],{"text":2286,"type":35,"marks":2287},"The outcome of a successful VA is often a Deed of Company Arrangement (DOCA), which is a binding agreement between the company and its creditors documenting a change of rights between them, such as repaying outstanding debt at a lower amount and/or over time.  The statutory protections afforded by the VA and DOCA process provides the opportunity for stakeholders to implement a strategy, to permanently rehabilitate a company in financial difficulty.",[2288],{"type":59,"attrs":2289},{"color":15},{"_uid":2291,"cards":2292,"buttons":2293,"heading":687,"card_type":515,"component":516,"description":688,"auto_population":2299,"auto_populate_amount":524,"auto_populate_job_title":2300,"auto_populate_locations":2301,"auto_populate_capabilities":2302},"42f66b90-edc0-4f65-b4e4-eea3d5603b40",[505,678,1074,681],[2294],{"_uid":2295,"style":389,"component":390,"button_url":2296,"button_text":513},"01cbba1f-4bf2-4eca-9f42-8057c06f1284",{"id":15,"url":2297,"target":2298,"linktype":103,"fieldtype":104,"cached_url":2297},"https://www.mcgrathnicol.com/our-experts/?service=voluntary-administration-and-deeds-of-company-arrangement","_blank",[74,520,519,522,521,523],[74,520,519,522,521],[],[96],{"_uid":2304,"slides":2305,"component":724},"5cf26eeb-893d-48a5-bdcb-63ac2a13eeae",[2306,2319,2331],{"tag":398,"_uid":2307,"buttons":2308,"heading":2313,"alignment":705,"component":706,"description":2314,"background_image":2315},"947c01fb-9231-4b46-970e-3bf8dc015657",[2309],{"_uid":2310,"style":547,"component":390,"button_url":2311,"button_text":703},"5cbd0e76-8a7c-427b-bcf4-bf60d2e85d49",{"id":15,"url":2312,"linktype":103,"fieldtype":104,"cached_url":2312},"https://www.mcgrathnicol.com/experience/?service=voluntary-administration-and-deeds-of-company-arrangement","Mediacloud Pty Ltd","Appointed Administrators to Mediacloud Australia, a cloud-based broadcast platform for the delivery of media content to a select number of customers, including the Special Broadcasting Service Corporation (SBS), TVSN Channel Pty Ltd and Indigenous Community Television Limited. As Voluntary Administrators, we successfully traded and sold the core business and assets to a blue-chip Australian Telecommunications provider.",{"id":2316,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":2317,"copyright":15,"fieldtype":17,"meta_data":2318,"is_external_url":19},9524897,"https://a.storyblok.com/f/186891/3864x2576/8f17e7efd6/istock-1321710164.jpg",{},{"tag":398,"_uid":2320,"buttons":2321,"heading":2325,"alignment":705,"component":706,"description":2326,"background_image":2327},"f0a1318c-2f06-4de0-88c8-f365819f7150",[2322],{"_uid":2323,"style":547,"component":390,"button_url":2324,"button_text":703},"5bfb72e0-7a7a-49ac-be6c-f43a3e24232f",{"id":15,"url":2312,"linktype":103,"fieldtype":104,"cached_url":2312},"RCR Limited","We were appointed as Voluntary Administrators to the RCR Group following a high level review of cash flow forecasts and a capital raising process. RCR had operations across Australia, New Zealand and Asia and expanded into building solar farms, with 15 solar farm construction projects in progress upon our appointment. We traded and sold the majority of RCR’s businesses, are settling disputes with solar farm counterparties and planning for the distribution of funds to secured and priority creditors. ",{"id":2328,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":2329,"copyright":15,"fieldtype":17,"meta_data":2330,"is_external_url":19},9525014,"https://a.storyblok.com/f/186891/3863x2578/95cf762b56/istock-1337173750.jpg",{},{"tag":398,"_uid":2332,"buttons":2333,"heading":2337,"alignment":705,"component":706,"description":2338,"background_image":2339},"dde61bac-37fc-4e2f-b406-dfb946fcaa09",[2334],{"_uid":2335,"style":547,"component":390,"button_url":2336,"button_text":703},"7f05e1f9-a348-4169-8916-3bac1a44337c",{"id":15,"url":2312,"linktype":103,"fieldtype":104,"cached_url":2312},"Unlockd","Appointed as Voluntary Administrators over this mobile advertising technology start-up following a legal dispute with Google. Notwithstanding significant constraints, we realised Unlockd’s technology and IP assets via a multi-jurisdictional sale campaign, in parallel to pursuing litigation funding for claims against Google. ",{"id":1472,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1473,"copyright":15,"fieldtype":17,"meta_data":2340,"is_external_url":19},{},[],"Voluntary Administration\nReorganise\nRestructure\nRecapitalise\nFinancial distress\nMaximise chance\nBusiness continuation\nBetter outcome\nImmediate liquidation\nDeed of Company Arrangement\nBinding agreement\nChange of rights\nRepaying debt\nLower amount\nOver time\nStatutory protections\nStakeholders\nStrategy implementation\nRehabilitation\nfinancial difficulty",{"id":1810,"alt":15,"name":15,"focus":15,"title":15,"filename":1811,"copyright":15,"fieldtype":17,"is_external_url":19},{"id":1810,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":1811,"copyright":15,"fieldtype":17,"meta_data":2345,"is_external_url":19},{},"Voluntary  Administration &  Deeds of Company  Arrangement | McGrathNicol","Restructure and rehabilitate your business. ","Assisting directors or financiers of a company to reorganise, restructure and recapitalise a business. ","voluntary-administration-deeds-of-company-arrangement","restructuring/insolvency/voluntary-administration-deeds-of-company-arrangement",[],"20703834-eb40-4b17-a617-7b2588aacd48",[],[],[],{"stories":2357,"cv":370,"rels":2558,"links":2559},[2358],{"name":2359,"created_at":2360,"published_at":2361,"updated_at":2362,"id":2363,"uuid":2364,"content":2365,"slug":2550,"full_slug":2551,"sort_by_date":31,"position":2552,"tag_list":2553,"is_startpage":19,"parent_id":2554,"meta_data":31,"group_id":2555,"first_published_at":2556,"release_id":31,"lang":159,"path":31,"alternates":2557,"default_full_slug":31,"translated_slugs":31},"McGrathNicol appoints five new Partners, including four internal promotions and one lateral hire","2026-06-23T07:38:16.606Z","2026-06-30T22:30:07.225Z","2026-06-30T22:30:07.238Z",190507813328141,"5f36ec4e-27a4-4d78-9bf9-e28225f38295",{"_uid":2366,"body":2367,"title":2359,"authors":2529,"buttons":2530,"carousel":2531,"component":550,"image_hero":2538,"industries":2542,"meta_image":2543,"meta_title":2545,"capabilities":2546,"content_type":2548,"image_thumbnail":2549,"meta_description":2377},"9a3c7815-fdb7-4c68-a07f-a98f85a4c164",[2368,2520],{"_uid":2369,"buttons":2370,"content":2371,"component":61,"remove_spacing":62},"dae1f263-c05a-46cb-bdf2-30a60fd677bc",[],{"type":25,"content":2372},[2373,2378,2383,2473,2486,2491,2503,2508,2513,2518],{"type":37,"attrs":2374,"content":2375},{"textAlign":31},[2376],{"text":2377,"type":35},"McGrathNicol is proud to announce the admission of Jeshna Sagun, Shane Hurst, Carlo Cappuccio and Daniel Power to its partnership. Jacinta Nielsen also re-joins as a Melbourne-based Restructuring Partner having previously worked at the firm as a Director. The new appointments bring the total number of partners to 64. ",{"type":37,"attrs":2379,"content":2380},{"textAlign":31},[2381],{"text":2382,"type":35},"The following internal promotions recognise the outstanding contributions each senior leader has made to McGrathNicol:",{"type":108,"content":2384},[2385,2406,2433,2453],{"type":111,"content":2386},[2387],{"type":37,"attrs":2388,"content":2389},{"textAlign":31},[2390,2401],{"text":2391,"type":35,"marks":2392},"Jeshna Sagun",[2393,2398,2400],{"type":2394,"attrs":2395},"link",{"href":2396,"uuid":2397,"anchor":31,"target":2298,"linktype":173},"/our-experts/jeshna-sagun","a54515a7-184f-48ca-acaf-cc3df127944d",{"type":59,"attrs":2399},{"color":670},{"type":618},{"text":2402,"type":35,"marks":2403}," is a Sydney-based payroll expert with over 15 years of experience across operational and strategic payroll roles. She works with employers to optimise and transform their payroll function across the employee lifecycle, helping to minimise compliance risks and improve productivity. Jeshna has led complex end-to-end payroll operations and large-scale wage remediation programs for large ASX listed and private companies as well as substantial not-for-profit enterprises. Jeshna provides corporates and private equity firms buy- and sell-side payroll due diligence and integration advice in mergers and acquisitions.",[2404],{"type":59,"attrs":2405},{"color":670},{"type":111,"content":2407},[2408],{"type":37,"attrs":2409,"content":2410},{"textAlign":31},[2411,2422,2428],{"text":2412,"type":35,"marks":2413},"Shane Hurst",[2414,2419,2421],{"type":2394,"attrs":2415},{"href":2416,"uuid":2417,"anchor":31,"target":2418,"linktype":173},"/our-experts/shane-hurst","ab01f463-0348-4348-945e-3199cc096aef","_self",{"type":59,"attrs":2420},{"color":670},{"type":618},{"text":2423,"type":35,"marks":2424}," ",[2425,2427],{"type":59,"attrs":2426},{"color":670},{"type":618},{"text":2429,"type":35,"marks":2430},"brings more than 15 years of experience in restructuring, turnaround, and business improvement strategies. He works with directors, boards, and lenders to support businesses navigating financial or operational challenges. Based in the Perth office, Shane has led numerous complex trading and restructuring projects, conducted independent business reviews, assessed strategic options, managed business improvement programs, and overseen trading sale processes. ",[2431],{"type":59,"attrs":2432},{"color":670},{"type":111,"content":2434},[2435],{"type":37,"attrs":2436,"content":2437},{"textAlign":31},[2438,2448],{"text":2439,"type":35,"marks":2440},"Carlo Cappuccio",[2441,2445,2447],{"type":2394,"attrs":2442},{"href":2443,"uuid":2444,"anchor":31,"target":2298,"linktype":173},"/our-experts/carlo-cappuccio","b9019420-5ae8-4933-bafe-b9289cffc27f",{"type":59,"attrs":2446},{"color":670},{"type":618},{"text":2449,"type":35,"marks":2450}," is a Canberra-based advisor with more than 20 years' experience helping government and private sector organisations navigate complex governance, risk and assurance challenges. Working extensively with Federal Government agencies, regulators and critical infrastructure operators, he advises clients on enterprise risk, resilience, regulatory frameworks and organisational performance, providing assurance and confidence in decision-making and delivery.",[2451],{"type":59,"attrs":2452},{"color":670},{"type":111,"content":2454},[2455],{"type":37,"attrs":2456,"content":2457},{"textAlign":31},[2458,2468],{"text":2459,"type":35,"marks":2460},"Daniel Power",[2461,2465,2467],{"type":2394,"attrs":2462},{"href":2463,"uuid":2464,"anchor":31,"target":2298,"linktype":173},"/our-experts/daniel-power","0127af68-b406-4512-988e-5e449e90eccf",{"type":59,"attrs":2466},{"color":670},{"type":618},{"text":2469,"type":35,"marks":2470}," is a restructuring and turnaround specialist who advises lenders, boards and management teams to help businesses through periods of underperformance, strategic change or financial distress. Based in Melbourne, he has extensive experience leading complex engagements, including in-depth independent business reviews, strategic options assessments, insolvency appointments, and distressed M&A processes. He specialises in complex, multi-stakeholder restructurings and is known for aligning stakeholders, stabilising performance, preserving value and delivering practical, commercially focused solutions in time-critical situations across a range of industries.",[2471],{"type":59,"attrs":2472},{"color":670},{"type":37,"attrs":2474,"content":2475},{"textAlign":31},[2476,2484],{"text":6,"type":35,"marks":2477},[2478,2481,2483],{"type":2394,"attrs":2479},{"href":2480,"uuid":11,"anchor":31,"target":2298,"linktype":173},"/our-experts/jacinta-nielsen",{"type":59,"attrs":2482},{"color":670},{"type":618},{"text":2485,"type":35}," re-joins the firm as a Restructuring Partner based in the Melbourne office. With experience across both Australia and the UK, Jacinta leads a range of turnaround and restructuring projects advising financiers, large corporates and government organisations on complex financial challenges. As a registered liquidator, she assists clients facing disruption and performance issues in a range of industries, incorporating tailored business reviews, financial capacity assessments, options analysis and pre-lend reviews. Jacinta was previously a Director at McGrathNicol. ",{"type":37,"attrs":2487,"content":2488},{"textAlign":31},[2489],{"text":2490,"type":35},"“Jeshna, Shane, Carlo and Daniel have demonstrated strong leadership skills and a commitment to exceptional client service over the years. We are proud to recognise their contributions to the firm and to welcome Jacinta back as a Partner,” commented Executive Chair, Jason Preston.",{"type":37,"attrs":2492,"content":2493},{"textAlign":31},[2494],{"text":2495,"type":35,"marks":2496},"“Quality people will always be our key differentiator. These new appointments mean we are well-placed to respond to current market conditions and help businesses navigate both financial and operational pressures. With breadth and depth of experience, we are making the most of being a specialist, independent firm by assembling multidisciplinary teams best suited to solving our clients’ challenges.” ",[2497,2499],{"type":2498},"italic",{"type":2500,"attrs":2501},"styled",{"class":2502},"text-lg",{"type":37,"attrs":2504,"content":2505},{"textAlign":31},[2506],{"text":2507,"type":35},"Following the appointment of Heather Matheson to Partner in August 2025, Daniel and Jacinta will further bolster the Melbourne Restructuring team, providing additional support to Victorian-based clients operating in a challenging business environment. ",{"type":37,"attrs":2509,"content":2510},{"textAlign":31},[2511],{"text":2512,"type":35},"Since 1 January 2026, McGrathNicol has also promoted Courtney Roe to the partnership and welcomed new lateral Partners, Victoria Brilliant and Trevor Dorahy, to the national Deals team.",{"type":37,"attrs":2514,"content":2515},{"textAlign":31},[2516],{"text":2517,"type":35},"McGrathNicol has announced the internal promotion of four Directors from 1 July 2026. ",{"type":37,"attrs":2519},{"textAlign":31},{"_uid":2521,"image":2522,"component":2527,"vimeo_url":2528,"remove_spacing":19},"612dfc52-681e-47d6-a9d9-faa0f9bf2ebe",{"id":2523,"alt":15,"name":2524,"focus":15,"title":15,"source":15,"filename":2525,"copyright":15,"fieldtype":17,"meta_data":2526,"is_external_url":19},192549321250589,"New Partners Shane Hurst, Jacinta Nielsen, Daniel Power, Jeshna Sagun and Carlo Cappuccio ","https://a.storyblok.com/f/186891/3600x2400/5d38fcb3fc/mn-june26-0182.jpg",{},"BlockMediaFull",{"id":15,"url":15,"linktype":173,"fieldtype":104,"cached_url":15},[1074,2397,2417,2444,2464,11],[],[2532],{"_uid":2533,"cards":2534,"heading":2535,"card_type":1805,"component":537,"button_url":2536,"button_text":15,"description":15,"auto_populate":2537},"bac62212-9257-42ca-a366-202b6afa3f99",[],"More insights of interest",{"id":15,"url":15,"linktype":173,"fieldtype":104,"cached_url":15},"8",{"id":2539,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":2540,"copyright":15,"fieldtype":17,"meta_data":2541,"is_external_url":19},173406617919606,"https://a.storyblok.com/f/186891/2184x1372/d921b6af86/istock-507754784.jpg",{},[],{"id":2539,"alt":15,"name":15,"focus":15,"title":15,"source":15,"filename":2540,"copyright":15,"fieldtype":17,"meta_data":2544,"is_external_url":19},{},"McGrathNicol appoints five new Partners, including four internal promotions and one lateral hire | Insights | McGrathNicol",[266,245,259,252,273,2547],"3ecc1287-7f34-46e3-b394-7c8553382c29","News",{"id":31,"alt":31,"name":15,"focus":31,"title":31,"filename":15,"copyright":31,"fieldtype":17},"mcgrathnicol-appoints-five-new-partners-including-four-internal-promotions-and-one-lateral-hire","insight/mcgrathnicol-appoints-five-new-partners-including-four-internal-promotions-and-one-lateral-hire",1500,[],266125034,"0d95eb87-9831-40e2-b589-1fac4230bc97","2026-06-29T01:01:39.579Z",[],[],[],1782858808378]