Cameron Crichton joins restructuring specialist WCT Advisory as partner

WCT Advisory, a restructuring and insolvency firm from Queensland, has strengthened its team with senior expert Cameron Crichton.

Appointed a partner, Crichton joins WCT Advisory following more than 20 years in the profession, including seven years as a partner at Grant Thornton. A Registered Liquidator, he is widely recognised for advising distressed businesses across construction, property and mid-market sectors.

He has acted on several significant restructuring and insolvency engagements throughout his career, including as Liquidator of the Porter Davis Group, one of Australia’s largest residential building collapses. He has also advised construction businesses ranging from small and mid-sized businesses through to organisations with annual turnover exceeding $1 billion.

WCT Advisory partner Andrew Weatherley said the appointment reflected both the continued growth of the consulting firm and rapidly changing conditions across the Australian economy. “We are seeing rising demand for commercially focused restructuring and advisory support across Queensland, particularly from businesses facing margin pressure, funding constraints and increasing stakeholder scrutiny,” Weatherley said.

“Construction, hospitality and retail businesses remain under significant pressure, while tightening lending conditions and more active creditor enforcement are exposing businesses that were previously sustained by low-cost debt and Covid-era support measures.”

Weatherley said global instability was also contributing to difficult operating conditions. “Persistent inflation, elevated funding costs, geopolitical uncertainty and supply chain disruption continue to impact Australian businesses. While some market conditions may improve over time, we expect many businesses will continue facing pressure for an extended period, particularly those carrying legacy debt or operating in sectors undergoing structural change.”

“Emerging technologies, including artificial intelligence, are also likely to create disruption across parts of the technology and professional services sectors. These changes are likely to accelerate restructuring activity in industries where businesses are struggling to adapt operating models or maintain profitability.”

Founded in 2019, WCT Advisory provides restructuring, insolvency and business advisory services to businesses, financiers, accountants and legal advisers. The firm operates across Queensland and South Australia.

“WCT Advisory has built a reputation in the market for being commercial, responsive and genuinely focused on outcomes for clients and stakeholders,” Crichton said. “Their hands-on approach and specialist focus strongly appealed to me, particularly at a time when businesses increasingly need pragmatic restructuring and turnaround support.”