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

Read More

Taking a structured approach: managing business restructures

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 cause

Read More

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

Read More

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

Read More

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.

Image1

In recent years, MCA had experienced above

Read More

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,

Read More

Three ways to profit from digital disruption

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 and aggregation work to India – tasks that

Read More

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

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 than

Read More

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

Read More

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

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

Trouble </p>
							<p><a href=Read More