Visit our dedicated small business restructuring site for small business owners facing financial distress.
Northern Beaches
Specialist support for your clients, when they need it most.
For Northern Beaches accountants, bookkeepers, lawyers and advisers, TTJ Advisory provides specialist restructuring and insolvency expertise to support you and your clients through financial difficulty.
We work alongside you, giving your client the specialist advice they need while you remain their trusted adviser. Think of us as a value add to your service.
Brookvale office | Registered liquidator, SBRP and bankruptcy trustee | Direct access to the practitioner | Your client relationship stays yours
Local to the Northern Beaches, not just servicing it
A real local office. Suite 222, 20 Dale Street, Brookvale.
Thyge lives here. He is based in North Curl Curl and works with Northern Beaches businesses outside of business hours.
Meetings that suit your client. In person in Brookvale, or by phone or video, including outside business hours.
We specialise in the Northern Beaches local industries including construction, professional services, hospitality and health.
When to seek help
When to bring TTJ in
Timing changes what is available to a client. These are the points where an early conversation usually helps.
A client has renegotiated an ATO payment plan more than once
A Director Penalty Notice has arrived, or a personal guarantee is in play
A statutory demand or winding-up application has been served
Lodgements are slipping behind, which affects what options remain open
The client is trading while you suspect the business is insolvent
A client's personal and company positions have started to overlap
You want a professional advice before recommending anything to the client
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WHO YOU WILL WORK WITH:
Thyge Trafford-Jones
Thyge is an ASIC Registered Liquidator (No. 458321), Registered Small Business Restructuring Practitioner and AFSA Registered Bankruptcy Trustee (No. 1582).
He is a member of the Australian Reconstruction, Insolvency & Turnaround Association and CPA Australia. He is also a Justice of the Peace.
Thyge handles the assessment himself. You won't be passed to a case manager, and you'll get a straight answer about what is and isn't available.
WHO ELSE YOU WILL WORK WITH:
Melissa Daubney
Client Liaison
Melissa brings a rare blend of business acumen and compassion to her role at TTJ Advisory.
With a background in sales and marketing, and firsthand experience running her own small business, Melissa is known for going above and beyond to support individuals and small business owners through challenging times, ensuring they feel heard, understood, and in control of the path forward.
When she’s not supporting clients, Melissa is a proud mum of four boys and a master of juggling family life with work. Her secret weapons? Coffee, spreadsheets, and a great sense of humour.
Who we work alongside
Accountants, advisors, bookkeepers and lawyers across the Northern Beaches, whose clients are dealing with ATO debt, creditor pressure or personal exposure.
What your client can expect
A plain conversation about where the company stands, what is still available and what it would involve. Thyge will say when a restructure isn't realistic rather than starting a process that can't work.
Where the matter needs a different practitioner, you'll both be told at the start.
IF YOU ARE AN INDIVIDUAL
CASE STUDIES
Building contractor facing personal exposure
The notice arrived. The clock had already started.
Challenges
Fixed-price work, higher costs and delayed progress payments pushed a busy contractor behind with ATO and super obligations. A Director Penalty Notice brought the director's personal position into the matter.
Assets
Work in progress, contract receivables, vehicles, tools and equipment.
Debts
ATO and super liabilities, suppliers and finance commitments, with possible personal exposure for the director.
Proposal
The director's commercial lawyer brought Thyge in urgently for the insolvency assessment while retaining the legal matter. The company's position, the notice and the director's exposure would be reviewed separately, with timing treated as critical.
Outcome
No outcome is assumed. What remains available depends on the notice, lodgement history, timing and the underlying viability of the business.
Services Rendered
PRIMARY: Small Business Restrucuring
SECONDARY: Directors Penalty Notice Amendment, Statutory Trustee, Bankruptcy Advice
Retail or lifestyle business
Stock was on the shelves. Cash was not.
Challenges
A local retailer overbought stock before demand slowed. Cash became tied up in inventory while rent, suppliers and tax obligations continued to fall due.
Assets
Saleable stock, online store, customer relationships, fixtures and equipment.
Debts
ATO liabilities, suppliers and lease commitments.
Proposal
The bookkeeper saw aged payables and tax liabilities worsening and suggested an early conversation. Thyge would assess whether a profitable core remained, what value could be recovered from stock and whether the cost base could realistically be reset.
Outcome
No restructuring outcome is promised. Early review helps determine whether the business can be stabilised or whether an orderly exit would preserve more value.
Services Rendered
Professional services firm
A major client left. The tax debt stayed.
Challenges
An established consultancy relied heavily on one client. When the contract ended, receivables slowed but staff, software and occupancy costs continued. BAS and PAYG liabilities accumulated before the cost base could be reset.
Assets
Debtors, work in progress, client relationships, business IP and equipment.
Debts
Legacy ATO debt, employee entitlements and ordinary trade creditors.
Proposal
The firm's accountant made an early introduction. Thyge would first test whether the business remained viable at a lower cost base, then compare the available informal and formal pathways against a revised forecast.
Outcome
No outcome is assumed. The point is to assess the position while the client book, staff and underlying business may still hold value.
Services Rendered
Hotel and pub
Paid 18c in the dollar
Challenges
COVID-19 lockdowns, a 70% drop in monthly sales and high fixed and operating costs.
Assets
Debts
$280,000 unsecured, including $200,000 owed to the ATO
Proposal
A payment plan arranged with the ATO and other creditors to repay $40,000 over ten months.
Outcome
Creditors accepted the proposal. Unsecured creditors received their scheduled payments. The business avoided liquidation and the cost of voluntary administration, enabling future profitability and stability.
Services Rendered
Restaurant group
Paid 22c in the dollar
Challenges
COVID-19 lockdowns, a significant drop in customer foot traffic and increased supply costs.
Assets
Debts
$240,000 unsecured, including $180,000 owed to the ATO
Proposal
$52,800 to unsecured creditors, paid over eight months, supported by a cashflow forecast prepared for the repayment plan.
Outcome
Creditors accepted the proposal. Employees received their full superannuation and kept their jobs. Unsecured creditors received their scheduled payments. The business avoided liquidation and the cost of voluntary administration, allowing for future growth and stability.
Services Rendered
Custom cabinetry business
Paid 20c in the dollar
Challenges
Supply chain issues, higher material costs, fixed expenses and the impact of COVID-19.
Assets
Debts
$150,000 unsecured, including $125,000 owed to the ATO
Proposal
$30,000 lump sum for unsecured creditors, presented as a better return than liquidation.
Outcome
Creditors accepted the proposal. The business continued trading without significant debt and avoided voluntary administration.
Services Rendered
Construction business
Paid 15c in the dollar
Challenges
COVID-19 restrictions, supply chain disruption, increased material costs and project delays.
Assets
Cash at bank, vehicles and equipment
Debts
$300,000 unsecured, including $240,000 owed to the ATO
Proposal
$45,000 to creditors as a lump sum, supported by a detailed cashflow forecast and a private investor.
Outcome
Creditors accepted the proposal. Unsecured creditors received their dividend. The business avoided liquidation and the cost of voluntary administration, and continued trading.
Services Rendered
What happens when you refer a client
A confidential call. No client name needed to start.
An assessment of the position, and a plain answer on what is realistically available.
An agreed approach, including how the client is contacted and what you're told.
One question comes before all the options: is the business viable once the legacy debt is dealt with?
The answer decides everything after it, and it is the first thing Thyge will look at.
Eligibility, timing and outcomes turn on the facts of the matter. Nothing on this page is advice about your situation, and no pathway described here is available to every business. That is what the first conversation is for.
FAQ
Some of the questions we're most often asked by Northern Beaches business owners and their advisers.
When should a Northern Beaches business seek restructuring or insolvency advice?
It is worth seeking advice early when tax or super obligations are slipping, an ATO payment plan is no longer working, suppliers are tightening their terms, a major contract has been lost, or a Director Penalty Notice or personal guarantee is in play. Early advice generally provides more time to assess the available options.
Which Northern Beaches industries does TTJ Advisory assist?
TTJ Advisory works with owner-led businesses across the Northern Beaches, including construction and trades, hospitality, retail, professional services, marine and boating, and health and allied health. The circumstances of each business are assessed individually.
Can my accountant or lawyer contact TTJ Advisory on my behalf?
Yes. TTJ Advisory regularly works alongside accountants and lawyers on the Northern Beaches and is available for a confidential conversation before you are formally engaged, so your adviser can understand the options that may be available.
Which areas of the Northern Beaches does TTJ Advisory service?
TTJ Advisory works with businesses across the Northern Beaches, including Brookvale, Manly, Dee Why, Mona Vale and surrounding suburbs, as well as with clients further afield by phone and video conference.
Does TTJ Advisory have an office on the Northern Beaches?
Yes. TTJ Advisory has a local office on the Northern Beaches and can meet with business owners, accountants and lawyers in person by appointment, as well as by phone or video conference.
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SERVICES
LEGAL
EVERYTHING ELSE
AUSTRALIA OFFICES:
NORTHERN BEACHES:
Suite 222, 20 Dale St
Brookvale NSW 2100
Thyge Trafford-Jones
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Principal — ASIC Registered Liquidator (No. 458321) · AFSA Registered Trustee (No. 1582)
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Member, Australian Restructuring Insolvency & Turnaround Association (ARITA)
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Member, CPA Australia
TTJ Advisory is a registered business name of Restructure My Small Business Pty Ltd (ACN 670 511 476).
Liability limited by a scheme approved under Professional Standards Legislation.
© 2026 TTJ Advisory.
TTJ Advisory acknowledges the Traditional Custodians of the land on which we operate, live and gather as employees, and recognise their continuing connection to land, water and community. We pay respect to Elders past, present and emerging.
