Matthew is a Chartered Accountant and has significant experience with formal restructuring appointments, business valuations and consulting engagements. Matthew has worked across a range of corporate and personal engagements, including investigative accountant engagements, receiverships, voluntary administrations, deed of company arrangements, liquidations and bankruptcies.  

He has completed a variety of valuation-based engagements for clients which includes assisting with shareholder disputes & internal restructuring projects, preparation of single and joint expert reports for family law matters, ASIC appointed independent expert engagements, family/estate/tax planning purposes and business purchases and sales.

 Matthew has delivered solutions to clients across the commercial and residential property, manufacturing, construction, hospitality, and retail industries. Matthew has also gained experience through previous employments as part of the credit restructuring team at a Top 4 Australian bank and also at a top tier corporate finance and restructuring firm.

 Matthew’s experience includes:

Insolvency & Restructuring:

• Liquidation of an Asset Holding Entity: this engagement was a liquidation appointment through a just and equitable wind-up as a result of a dispute among shareholders. Through our appointment we took control of the Company’s assets and conducting investigative review of the Company’s prior dealings, identifying a tax avoidance scheme as a result of a foreign resident major shareholder. From the sale of the assets, we were able to satisfy all historical tax obligations and repay creditors 100 cents in the dollar. Surplus recoveries also allowed a return on capital to the shareholders.

•  Sale of Commercial Warehouse Properties: this engagement involved strategic review of multi-tenanted commercial buildings comprising of showrooms, offices and warehouse units, which were severely affected by the 2011 Brisbane and 2013 Bundaberg floods. This engagement required the creation of cash flow models and management of expenditure in order to negotiate and secure new long-term leases with tenants. The property was eventually realised for +$11M to an investment fund which provided a substantial return to creditors.

•  Advisory Engagement: as part of the advisory team, we prepared advice, cash flow models and dash board reporting to assist the Board of Directors with their $50M pitch from the Federal Government Clean Energy Initiative Fund.

•  Controllership of Portfolio of Properties: the portfolio consisted of a 144-room hotel, upmarket golf course and surrounding residential land. Here, the team was tasked with trading the Hotel, conducting an analysis of the performance of the property, and preparing the property to market and sell.

•  Liquidation of Stone Supplier Group of Companies: The liquidation of a Group of Companies which operated in the stone industry in Queensland and Victoria. This engagement was multi-faceted and involved dealing with various secured lenders, including top tier banks and debtor factoring providers, the realisation of plant & equipment, motor vehicles and surplus stone, the collection of a significant debtor book, a large number of employee and outstanding employee entitlements, the Fair Entitlements Guarantee Scheme, related party claims, voidable and antecedent transactions. We were successfully able to distribute priority and unsecured dividends to creditors across the Group.

 Business valuations:

• Winery in Tasmania for compulsory acquisition of minority shares

• Expert Accounting Report of a group of companies operating in the mining services industry

• Aviation simulator training contracts with Qantas and Alliance Airlines

• Businesses in healthcare, including GP businesses and specialist pathology businesses

• Professional Services, including consulting and law firms to assist with stamp duty reporting

• Businesses undergoing internal and shareholder restructuring

• Tourism business for restructuring purposes

• Wholesale seafood business for a Liquidator for mediation purposes

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