Our Blog

Punching above its weight: the power and potential of Australia’s mid-market

Leave a comment   Published in: , ,    on December 29, 2014   by Justin Ward
In Australia, the mid-market sector (defined as businesses with an annual turnover of $10 to $250 million) consists of 1.4 per cent of all Australian companies. However, this sector punches well above its weight. The mid-market sector contributes $425 billion each year to the Australian economy, employs around one in four employees, and accounts for nearly one-fifth of all borrowings and deposits.[1] According to GE Capital’s recent Australian Mid-Market Report 2014, the mid-market sector i ...

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Taking a structured approach: managing business restructures

Leave a comment   Published in: ,    on November 30, 2014   by Justin Ward
It’d be great if running a business was smooth sailing all the time. But the reality is that companies can encounter a variety of challenges. These could include tax disputes and employee litigation, getting access to sufficient working capital, and securing additional funds from lenders to take advantage of future opportunities. These issues can impose strain on a business. They can cause physical strain, as they add to the stress levels of company directors and managers. They can also cau ...

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A new addition to the Macleay Partners Team

Leave a comment   Published in: , ,    on October 2, 2014   by Justin Ward
At Macleay Partners, we’ve been looking at ways to offer a more specialised services to our clients. And so, we’re delighted to welcome Rob Berry, an expert in helping businesses in the building and construction industry, to our team. Rob comes to us with a diverse and impressive resume. He has a background in accounting, spent four years in the Australian Defence Force with 2 Commando Company, and has built an enviable reputation in the building and construction industry. Rob ha ...

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What does a chief restructuring officer do?

Leave a comment   Published in: , , ,    on September 15, 2014   by Justin Ward
When companies find themselves in trouble, they don’t always have the capabilities to get out of trouble. So, some businesses seek expert assistance to enhance their operations. In our experience, leading companies often recruit a professional, known as a chief restructuring officer (CRO), to lead the improvement process. What exactly is a CRO? While the term CRO is extensively used in the United States and Europe, it is an emerging concept in Australia. For a company facing financial dif ...

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Driving a successful business turnaround in the mining services industry

Leave a comment   Published in: ,    on August 19, 2014   by Justin Ward
Macleay Partners worked with one of Australia’s leading specialist mining services companies to restructure its operations and secure lender finance to underpin ongoing growth. Background MCA Engineering (MCA) is an Australian company that helps the world’s biggest miners resolve complex challenges and manage critical maintenance tasks. MCA has a workforce of 140 people with an annual turnover of $30 million. In recent years, MCA had experienced above industry average revenue and pr ...

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4 tools for running an office in the cloud

Leave a comment   Published in: ,    on May 13, 2014   by Justin Ward
The first year of a new business isn’t easy. We’ve been delighted to have thrived in our first year – but we’ve had our challenges. One frustration is how admin tasks can steal time away from our core business. But, by using a set of powerful and inexpensive online tools, we’ve been able to cut down on admin time, automate regular activities and deliver higher-quality services to our clients. We thought it might be useful to share our top four online tools to help your profession ...

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3 articles to help your business lift its performance after Easter

Leave a comment   Published in: , , , ,    on April 23, 2014   by Justin Ward
We hope you’ve had (or are still having) a relaxing Easter/Anzac Day break and are feeling reinvigorated as we march toward the end of the financial year. These periods away from work provide a brief respite from the day-to-day pressures of business, and a chance to reflect on what’s going well and what might need to be improved. Hopefully it’s also given you the opportunity to sample some of this season’s finest Easter eggs. To help guide your thinking about ways to improve your ...

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Three ways to profit from digital disruption

Leave a comment   Published in: ,    on April 6, 2014   by Justin Ward
Virtually every business has been transformed by technology. With the power of smartphones, Wi-Fi networks and cloud computing, businesses no longer need physical shopfronts, and customers want around the clock access to services. This ‘digital disruption’ offers significant opportunities for companies. For example, in their recent book, Changing Shape: Institutions for a Digital Age, Lindsay Tanner and Martin Stewart-Weeks discuss a Melbourne stockbroker that has outsourced basic data an ...

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What is my Business Worth?

Leave a comment   Published in: ,    on March 10, 2014   by Justin Ward
The importance of business valuations As a business owner, do you know what your business is worth right now? In our experience, some owners struggle to accurately value their operations. Or they base their valuations on outdated assumptions and gut feel. Either way, without a robust and accurate valuation, owners (and their advisors) may be at a disadvantage during potential transactions. They may also encounter additional difficulties in challenging scenarios such as family and relationshi ...

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Getting ahead in the cloud: a quick guide to cloud computing

1 Comment   Published in: ,    on February 11, 2014   by Justin Ward
Cloud computing is a major buzzword that’s hard to escape. But it’s also a useful tool for small to medium-sized enterprises. We’ve used it to help our clients reduce costs, become more efficient and improve their financial footing. What is cloud computing? There are many different definitions of cloud computing. We think this one, sourced from the Google Developers website, is one of the clearest: cloud computing is about “taking applications and running them on infrastructure other t ...

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Beware the ides of March: getting a head start on effective cash flow management

Leave a comment   Published in: ,    on January 7, 2014   by Justin Ward
We hope you’ve had a pleasant and relaxing break, and that you’re recharged and ready for 2014. A new year offers the chance to do things differently. In a business context, it can be an opportunity to try new strategies and address lingering challenges. But in developing a plan for improvement, some business owners and advisers may not know exactly where to begin. We suggest you start this year by examining how well you’re managing cash flow. Effective cash flow is the lifeblood ...

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Looking back: Our first year in review

Leave a comment   Published in:    on December 20, 2013   by Justin Ward
Aside from presents, overeating and potentially awkward family encounters, the Christmas period offers a chance to reflect on the year that was. At Macleay Partners, 2013 marked our first year of business. It has been a demanding year, full of lessons and challenges, and we’re incredibly pleased at how we've been able to help our clients and grow our client base. For example, when a mining services company lost its most valuable supply contract, Macleay Partners was able to step in and ...

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A distressing situation: spotting the warning signs of a business in trouble

Leave a comment   Published in: ,    on October 22, 2013   by Justin Ward
Stress is an inevitable part of doing business. But when day-to-day stress becomes distress, it could be a warning sign of deeper problems. When a business is in trouble, it doesn't collapse straight away. In our experience, there are four stages a troubled company goes through (which we’ve detailed below). It’s important to note that by intervening at an early stage, company directors, bookkeepers and accountants can help to arrest this decline and ensure business continuity Stage one ...

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Taking it personally: how company directors can intervene early to avoid personal liabilities

Leave a comment   Published in: ,    on September 29, 2013   by Justin Ward
Are you consistently lodging your Business Activity Statements? Are you currently paying your employees’ superannuation entitlements? As a company director, if you answered ‘no’ to either of these questions, you could be held personally liable for the amounts you owe. This means that, in the event of insolvency, the Australian Taxation Office (ATO) could begin legal proceedings to recover the funds from your personal assets – including houses, cars and investments. Let’s ta ...

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Turning Around a Business with Xero

Leave a comment   Published in: ,    on September 23, 2013   by Justin Ward
Below is a case study written by Rob Stone, which originally appeared on the Xero Blog: Businesses have their ups and downs, and you have to feel for the managers concerned when major problems arise. So it’s pretty exciting to hear about the use of Xero as part of a turnaround expert’s toolkit. The toolkit has helped the business rework their workflows and processes and turn around their situation of financial hardship. Justin Ward is a Sydney-based turnaround specialist and Director of M ...

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Macleay Partners: a specialist business turnaround practice

1 Comment   Published in:    on August 18, 2013   by Justin Ward
About Us Many businesses encounter financial challenges. Some of these challenges are short term, and others are more substantial. Either way, if owners don’t rapidly respond, the future of a company could be at stake. At Macleay Partners, our goal is business continuity. We help companies deal with challenges early and effectively, to ensure businesses continue to operate and deliver benefits to owners, employees and other stakeholders. Macleay Partners was established by Justin Ward , ...

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