small business restructuring
success rates
Choosing the right practitioner matters
At Business Reset, we take your Small Business Restructure (or SBR) seriously. You want the best chance of success when you start your Small Business Restructure. When you have debt you can’t pay, it’s your one chance to keep your company, reduce ATO debt, avoid liquidation, keep trading, and protect your personal assets. When you plan an SBR, the experience and success rate of your SBR practitioner matters.
Many directors who are researching a Small Business Restructure do not know how to compare practitioners. There is very little public information about SBR success rates or the number of SBRs completed by individual liquidators. You may see an online ad for “80% ATO debt reduction” and then speak to a marketing agency, a pre- insolvency advisor or someone else who is not a registered liquidator. They will not have an SBR track record you can check. You cannot see how many restructures they have handled or whether their clients received an approved SBR plan.
We see directors place trust in advisors who promise easy results, take payment, and then fail to deliver a successful SBR. There are no refunds. You only get one chance at your restructuring plan. When an SBR fails, the company often ends up in liquidation.
Your outcome depends on the practitioner
Your outcome depends on the individual SBR practitioner managing your restructure, not the size of the firm.
Below you will see the ASIC data for each of the 50 SBR practitioners who have done the most SBRs across Australia. It shows:
Their order by number of SBRs
Name of each registered liquidator who acts as the SBR practitioner
Number of SBRs completed
Number of SBRs that successfully became SBR Plans
Their SBR success rate, colour coded against the national average SBR approval rate of 77.3% percent
Transparency on who you're dealing with
This information gives you a clear view of who you are dealing with. You can compare success rates, track record, and the experience of the practitioner before you choose who to trust with your small business restructure.
A successful Small Business Restructure needs proper preparation. It is not only about satisfying the ATO. It is also about business viability and improving how the business runs so you have a better cash position after the restructure.
A well prepared SBR helps your company avoid liquidation, reduce ATO debt, and keep your business trading.
It can be tough fixing your business to prepare for SBR success. But don’t be tempted by someone telling you it’s easy and they make it all happen for you. Directors we’ve seen do this end up in the regrettable position that their SBR is unsuccessful, their only option is liquidation and the $15,000 or more they paid for the SBR, they have to pay again to a liquidator.
“a lifesaver for my business"
Business Reset was a lifesaver for my business. From the very first call, I felt supported and confident in the process. The team explained everything clearly, responded quickly to all my questions, and made a stressful situation feel manageable.
Anjali Girish
"saved our business "
We were in a very scary situation and Business Reset literally saved our business that we have worked very hard to build. Thank you for your assistance.
Jackie McGregor, Building industry services provider
"professional, supportive, and responsive"
We were referred to Business Reset during an extremely stressful time, and I’m so glad we were. From start to finish, the team was professional, supportive, and responsive — always getting back to us quickly and making the paperwork side of things easy to manage.
Nathan Groszmann
“best outcome was reached"
Highly recommend Business Reset, a clear process with fantastic communication throughout, cannot recommend them more and the best outcome was reached thanks to Jarvis and Daniel.
Alex Warner, Plumbing and electrical business
“a lifeline for small business owners"
Business Reset are a lifeline for small business owners who feel like they’re out of options. If you're struggling and don’t know where to turn, Business Reset is the team you need on your side. Highly recommend to any business owner who feels stuck and needs honest, practical help.
AG, video production - ATO debt reduction: $86k
“go above and beyond"
I highly recommend Business Reset. They are the most professional team and go above and beyond. They are very approachable and they are always available to answer any questions you may have. You will never look back. The team is truly awesome.
Pamela Aranguiz
“a huge weight off my shoulders"
I especially appreciate how friendly and down-to-earth everyone was – it honestly felt like talking to a friend. The process was smooth, the documentation was easy, and the outcome has taken a huge weight off my shoulders.
AG
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