1 Recover

When the business is under pressure.

Recover is for owners and directors who need to steady the position, understand the options, and act before pressure narrows the path.

Thryvv brings specialist accounting, turnaround and director-side support to help work out what is really happening, what can move, and what needs to happen next.

Most Recover work is about preserving options, improving control and creating a practical plan. If a formal pathway is genuinely required, we stay beside the director and help coordinate the right advice.

Cameron Whinnett in a working session with business owners at a table
Before anything moves, the position has to be understood. That conversation is where Recover starts.
If any of this is happening

You are in the right place.

  • ATO debt that is no longer manageable
  • A Director Penalty Notice has arrived
  • Creditors are escalating, letters, calls, demands
  • Cash flow has stopped covering the basics
  • A statutory demand or wind-up notice
  • You are quietly funding the business yourself
  • Banking covenants are slipping
  • You don't know what is solvent and what is not
What Recover is

A clearer view, before the next decision.

Most owners do not arrive with a tidy brief. The numbers, people, timing, creditors, tax position and director concerns are often tangled together.

Recover gets the position clear: what the numbers say, where the pressure is coming from, who needs to be managed, and which paths are still open.

82% Turnaround and trade-on. Our passion is keeping businesses trading, not pushing them to insolvency.
How we help

The work, by situation.

These are the most common Recover engagements. Owners usually need a combination, we shape the work to fit the real position.

  1. 1

    ATO debt and payment pressure

    When ATO debt has grown beyond what a routine payment plan can absorb.

    • Capacity assessment
    • Payment plan strategy
    • Remission requests
    • ATO correspondence
    When it fits Tax debt is now bigger than next quarter can solve.
  2. 2

    Director Penalty Notices

    A DPN puts personal liability on the table with a hard clock.

    • Notice review
    • 21-day strategy
    • Director risk briefing
    • Practitioner coordination
    When it fits A DPN has arrived, or you believe one is coming.
  3. 3

    Creditor management

    When the noise from creditors is the loudest part of the day.

    • Creditor triage
    • Negotiated arrangements
    • Statutory demand response
    • Communications
    When it fits More demands than capacity to respond.
  4. 4

    Cash flow recovery

    When the business is technically viable but cash has stopped working.

    • 13-week forecast
    • Working capital review
    • Cost & revenue levers
    • Funding options
    When it fits Profitable on paper, painful in practice.
  5. 5

    Small business restructuring

    The Small Business Restructuring (SBR) pathway can preserve the business when the debt load won't.

    • SBR eligibility
    • Restructuring plan
    • Stakeholder mapping
    • Practitioner alignment
    When it fits The business can survive. The current debt cannot.
  6. 6

    Turnaround planning

    For businesses that need to change shape, not change hands.

    • Operating reset
    • Cost-base review
    • Rolling 90-day plan
    • Board reporting
    When it fits The model still works, the execution doesn't.
  7. 7

    Trade-on options

    When the question is whether to keep trading, and on what basis.

    • Solvency review
    • Director exposure
    • Trade-on viability
    • Safe harbour readiness
    When it fits Continuing has become a real question.
  8. 8

    Director support through formal processes

    If Voluntary Administration, SBR or another formal pathway is genuinely required, we stay beside the director and help coordinate the right advice.

    • Director-side support
    • Practitioner coordination
    • Clear decision records
    • Stakeholder communications
    • Formal pathway support
    When it fits A formal pathway is required and the director needs support through it.
Director Penalty Notice

A DPN needs fast, calm decisions.

A Director Penalty Notice has strict timeframes and can create personal consequences for directors.

If one has arrived, or you think one may be coming, talk to us before the window narrows.

We will help read the notice, understand the position, and work out which options are still open.

How it works

From the first call to a plan.

  1. Step 1

    Listen.

    A confidential conversation to understand what is happening and where the pressure sits.

  2. Step 2

    See the position.

    We build the commercial picture so every option is assessed from the same facts.

  3. Step 3

    Compare options.

    We compare the paths still open and recommend the one that fits.

  4. Step 4

    Move with clarity.

    We help execute the plan with the right advisers around the director.

Proof that recovery can be practical.

Local electrician turnaround A trades business with five staff was hit with an unexpected ATO debt after years of missed BAS lodgements. Thryvv helped restore financial control, rebuild operational accountability and guide the company through an SBR so it could keep trading. Read the case study →
ATO debt uncovered $250k+
Restructured to $70k
Pathway SBR
Outcome Trading profitably

Bring the situation as it is. We'll do the rest.

Free. Confidential. No obligation. We’ll help you work out what matters first.

Call now Talk to us