Brisbane-based restructuring & turnaround boutique WCT Advisory has added the advisory group from Bentleys in Queensland, with business veteran Tracy Knight becoming a member of as a managing accomplice.
Having not too long ago celebrated its fifth anniversary, the addition greater than triples WCT Advisory’s headcount to 16 professionals in a single hit, each in Brisbane and a secondary outlet in Adelaide, whereas increasing the agency’s companies portfolio.
A registered liquidator, Knight brings greater than three a long time price of accounting and insolvency business expertise to her new position, together with the previous decade and a half at Bentleys and an earlier six-year stint with KPMG.
“With Tracy and her group on board, we’re doubling down on our dedication to ship critical outcomes, and our shoppers can now rely on deeper experience and sooner, sharper options irrespective of how complicated the problem,” said Andrew Weatherley, a former FTI Consulting managing director who established WCT alongside David Cassidy in 2019, on the eve of the worldwide pandemic.
Whereas Covid has had a major influence on the broader consulting business, its most instantly obvious ramifications may be seen within the restructuring phase, with the continued wave of enterprise collapses now reaching crisis-point. For WCT’s SME client-base, which already needed to endure Covid and rampant inflation, the fall-out is more and more spreading down the chain.
“From April 2024 onwards, we’ve undertaken a file variety of small enterprise restructures and liquidations throughout the development, hospitality, retail, actual property and medical industries,” Weatherley not too long ago advised business platform Insolvency Australia, including that the agency foresees the development persevering with into not less than early subsequent 12 months because of the ATO’s heightened debt restoration efforts.
Therefore the motivation for bringing within the ten-strong advisory group from Bentleys to fulfill the rising market demand and strengthen WCT’s service choices, which along with insolvency and restructuring additional spans company finance and forensic & litigation, together with investigations, industrial disputes, valuations and loss assessments, and professional witness companies.
Knight, who additionally spent three years with ASIC and has been a Queensland committee member for each the TMA and ARITA associations, commented; “Becoming a member of WCT means bringing our shoppers a extra holistic strategy. We’re excited to dive deeper into their distinctive wants, offering the insights and help to navigate even probably the most intricate of points with precision and care.”
Others to have crossed with Knight embrace new director trio Matthew Wilson (ex-FTI Consulting and KordaMentha, the place Weatherley additionally spent greater than a decade), Kelly Wheelahan (ten years at McGrathNicol), and four-decade finance and forensics veteran Graeme Bailey, who previous to solely not too long ago becoming a member of Bentleys operated his personal boutique and frolicked at HLB Mann Judd.
