Sydney – Industry expert Simon Cathro has launched Cathro & Partners, a boutique insolvency and corporate restructuring firm focussed on helping clients create and preserve business value and survive financial distress.
The Sydney-based firm specialises in restructuring, turnaround, insolvency, safe harbour, secured enforcement services and pre-lending services.
Joining Mr Cathro, Managing Principal, at Cathro & Partners are key team members, Damien Beven, Kira Yu and Will Evans, with access, when required, to the support of approximately 80 staff through resourcing alliances.
Mr Cathro has more than 25 years of insolvency and corporate restructuring experience. Prior to launching the firm, he was a partner at Ernst & Young, Deloitte and Worrells where Simon and his team were involved in recent restructures including Napoleon Perdis, Custom Bus, Foodora and X Blades.
In creating Cathro & Partners, Mr Cathro said he saw an opportunity in the restructuring sector for a firm that specialised in delivering tailored solutions to clients based on achieving the right outcome for their unique situations.
'We want to be the firm that does the right thing by solving problems for clients and helping them make decisions that are right for their business, employees and stakeholders,' Mr Cathro said. 'Our goal is to enable our clients to survive financial difficulty and come out stronger. For businesses where that might not be possible, our clients can trust us to give them expert advice based not only on our extensive experience but a deep understanding of them and their market to ensure they achieve the best outcome possible.
'As Australia emerges from the economic disruption caused by the global pandemic, many businesses will need insolvency and restructuring services to help them navigate their recovery. Cathro & Partners will be the firm that has the skillset and focusses on a client's individual situation to guide them through it and ensure the right outcome is achieved.'