Cathro & Partners grows national presence with Melbourne office

01 November 2023 Consultancy.com.au 2 min. read
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Cathro & Partners has launched a new office in Melbourne, complementing its established presence in Sydney, Brisbane and Canberra.

Founded in 2021, Cathro & Partners specialises in restructuring, turnaround, insolvency, safe harbour, secured enforcement services, and pre-lending services.

Company founder and industry expert Simon Cathro said that the company’s expansion into the Melbourne market comes in response to pent-up demand for restructuring work as a gloomy economic sentiment is sending a growing number of businesses into financial distress.

Cathro & Partners grows national presence with Melbourne office

recent survey from the Turnaround Management Association and KordaMentha warned that over 90% of industry professionals expect the Australian economy to slip into recession within the next two years. In its slipstream, insolvencies are expected to rise further.

“There’s demand for our expertise in Melbourne, but we needed to identify the right people to lead the business there first,” said Cathro. “We’re delighted to have appointed David Mutton and Jordan Lai.”

Appointed a Principal at Cathro & Partners, David Mutton has 15 years of experience in advisory and external administration. A registered liquidator, chartered accountant and a member of the Australian Restructuring Insolvency & Turnaround Association, his expertise includes financial viability and monitoring, restructuring, debt forgiveness, renegotiation and dispute resolution.

Before joining Cathro & Partners, Mutton managed his own firm, DM Advisory & Co, and spent close to fifteen years at RSM and BDO.

Jordan Lai has meanwhile been appointed a Manager. He previously gained insolvency and restructuring experience at both boutique and major accounting firms.

“David and Jordan are well-acquainted with the local market and will build a strong team to help clients make decisions that are right for their business, employees and stakeholders,” Cathro said.