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

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

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A new addition to the Macleay Partners Team

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

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

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What does a chief restructuring officer do?

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 difficulties, a

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Driving a successful business turnaround in the mining services industry

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.

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In recent years, MCA had experienced above

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3 articles to help your business lift its performance after Easter

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 business,

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What is my Business Worth?

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.

ValueEither 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

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

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

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

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 take a step back and consider recent changes

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