National accounting and business advisory firm HLB Mann Judd Sydney has announced business advisory director, Matthew Levesque-Hocking, has been approved as a Registered Liquidator.
Registered liquidators act in a fiduciary capacity, and often have total management control of the affairs, money and other property of a body corporate. An application for registration as a registered liquidator is made to ASIC, before a committee interviews the applicant and makes a determination based on qualifications, experience and skills.
Mr Levesque-Hocking joins restructuring and risk advisory partners Todd Gammel and Barry Taylor as the registered liquidators at the firm.
Mr Gammel said Mr Levesque-Hocking’s skills and experience in the restructuring and risk advisory market have proven invaluable to the firm during the COVID-19 pandemic, with the registration validating his expertise.
“Matthew has over 15 years’ experience assisting clients and stakeholders in distressed situations across a wide variety of industries including property, mining, manufacturing, hospitality, technology start-ups, professional services and retail.
“The registration is a culmination of his hard work and ability to provide clients with pragmatic restructuring and turnaround advice, particularly amid such uncertain times,” he said.
Mr Levesque-Hocking has been heavily involved in advising clients on the importance of taking stock of their current position, reviewing all aspects of their business, including governance and management frameworks, financial reporting, and adjusting their strategies to better suit economic conditions.
“This current lockdown could have larger economic implications than the 2020 lockdown without the safety net of JobKeeper. The construction sector in particular has been impacted significantly, and there being a real risk of a longer extension should case numbers fail to improve.
“Given statutory protections appear limited, Matthew’s registration will be critical in providing assistance to businesses around and strategies to appropriately navigate the current financial year,” said Mr Gammel.
