Business Turnaround and Recovery
Navigate Financial Distress with Confidence
Are you feeling stuck, under pressure from the ATO, or losing sleep over unpaid bills - talk to us today. The sooner you act, the more options you’ll have.
At critical times, business owners need more than just advice...
They need an advocate.
Our Corporate Recovery and Business Turnaround service is designed to support directors who are under pressure, feeling overwhelmed, or uncertain about how to stabilise and steer their business through financial or operational distress.
We don’t just treat the symptoms. We address the underlying issues that are holding the business back. And we do it in a way that empowers you, protects your legal position, and creates a viable path forward.
The role of the Director's Advocate in managing financial distress.
We don’t just give you a to-do list and walk away. We act as your Director’s Advocate, overseeing the turnaround with the seriousness and structure of an advisory board. You remain in control, but you're no longer on your own.
We help you build a clear action plan and hold everyone accountable, whether that’s senior executives, managers, or frontline staff. Think of us as a trusted partner sitting at the table with you, bringing calm, clarity and commercial discipline.
01 Control the Process
Establish a recovery board to identify the problems, control the process and oversee progress.
03 Understand the Numbers
Introducing financial discipline, including rolling cash flow forecasts, margin reviews and cost controls
05 Proactively Engage
Rebuilding confidence with stakeholders, including staff, customers, creditors, and investors.
02 Bring in the Right People
Use our extensive professional networks to bringing in specialist support when and where needed.
04 Manage Director Risks
Ensuring director risks and governance obligations are actively managed, using tools like DirectorShield.
06 Restructure the Debt
Identify options to restructure and improve the debt position. Debt Restructuring options.
Have you received a Director's Penalty Notice from the ATO?
Director Penalty Notices ("DPN") means the ATO has made the Director personally liable for the debts of the Company. If these notices are issued to a director, then we will need to move quickly to avoid further personal liability for tax debts. More info.
From Firefighting to Stability
The Essential Ingredients for Restoring Confidence
As the business begins to stabilise, we work with you to shift the culture from reactive to deliberate. That might involve refining the business model, re-evaluating the customer base, or rebuilding confidence among staff who have been carrying the weight of uncertainty for too long.
Manage the Numbers
If you're not measuring it, you're not managing it. We start by making the numbers visible, meaningful, and central to decision-making.
The goal isn’t to generate reports—it’s to generate confidence that decisions are grounded in financial reality. We help you quickly go from dreading the numbers to using them as a weapon to get back on top.
Manage the Risks
Distressed businesses are often sitting on a minefield of compliance and operational risks which need to be actively managed.
That’s why we implement DirectorShield, our real-time compliance and risk management tool, to give visibility over things like expired registrations, employee entitlements, director exposures and more.
Manage the People
Turnarounds aren't just financial, they’re deeply human. Staff may be anxious, suppliers may be cautious, and directors are often exhausted.
Part of our role is to restore confidence inside and outside the business. We do this by giving your team confidence that there’s a plan, and someone experienced overseeing it.
Saving an Electrical Business with $250,000 of debt
How one trades business overcame ATO debt and operational challenges to thrive again.
We recently helped an electrical business turn things around after being hit with a $250,000 ATO debt and serious operational issues. With a clear plan, financial oversight, and the right support, the business moved from distress to stability.
Complex Recovery in Action
Using a Trade-On Voluntary Administration to Turn Around a Labour Hire Business with $5.3M in ATO Debt.
In early 2025, we were engaged to support a mining labour hire company facing $5.3 million in ATO debt and active winding up proceedings. The director, highly capable in operations, needed help regaining financial control.
Working alongside the administrator, we modelled the business, confirmed its viability, and developed a tailored recovery strategy. The outcome was a successful Deed of Company Arrangement that saved 36 jobs and kept the business trading.
Free Interactive Guide
Your Options when in Financial Distress
At Thryvv.io, we know that running a business is tough, and financial problems can feel overwhelming. If you’re struggling with cash flow, debts, or unsure what to do next, don’t worry—there are options.
Ready to Take Back Control?
Let’s have a free, confidential conversation.
No pressure. Just straight answers and real support from someone who’s been there before.
If your business is under pressure and you’re not sure what to do next, you don’t need to face it alone. As your Director’s Advocate, we’ll help you stabilise the business, rebuild confidence, and create a path forward—without the overwhelm.
Talk to us today. The sooner you act, the more options you’ll have.