Mayfields Business Advisors: Melbourne

About

Mayfields Business Advisors conducts a specialist business recovery and advisory services practice. We provide expert advice to stakeholders in companies experiencing financial distress or other related difficulties.

Our clients often face financial challenges or operational issues that require more than an accountant or financial advisor's advice. Just as we have no hesitation seeking out a Tax specialist, or an Auditor, or Oncologist when we have specific needs, solvency concerns require advisors that are competent in both commercial operational issues and the requirements of the Corporations Act.

We have extensive experience in all forms of company insolvency across a range of industries. We work with lenders, debtors, creditors, shareholders, business owners and their employees, to determine the most appropriate course of action and we explore all options to minimise risks and maximise returns whilst meeting director obligations.

Mayfields takes the time to understand all stakeholders perspectives and expectations and work through the formal insolvency process professionally and sensitively.

Mayfields Business Advisors is committed to:

o Providing excellent personal, professional service to clients.

o Charging fees at rates that are competitive

o Utilising skilled, experienced professional staff.

Early advice is key. Being proactive and seeking advice as soon as possible makes it more likely that solvency concerns can be addressed quickly resulting in an increased likelihood of a positive outcome.

On occasions, business turnaround or reconstruction may be the most appropriate outcome for a specific financial or operational issue. In these circumstances, Mayfields will provide strategic, operational and financial advice to companies and directors and will work with companies to determine and implement the best options for the continuity and success of a business.

On other occasions a formal insolvency appointment such as Administration, Liquidation or Receivership is the most appropriate strategy to pursue.

Mayfields Business Advisors provides the following services:

o Pre-lending reviews

o Investigating accountant and due diligence reviews

o Solvency reviews

o General insolvency advice

o Consulting to businesses in relation to profit improvement and turnaround management;

o Advocacy services to companies and directors affected by insolvency

o Voluntary administration

o Receivership

o Court liquidation

o Creditors voluntary liquidation

o Members voluntary liquidation

Eddie Muscat is the sole principal at Mayfields. Eddie holds a specialist designation with CPA Australia in Insolvency and Reconstruction. He is a Fellow with CPA and is also a Registered Liquidator. Eddie gained over 20 years experience in commerce as a Finance Director and Manager prior to specialising in the field of solvency and cash flow difficulties.