Mid-tier professional services firm Moore has strengthened its restructuring team in New South Wales with John Refalo.
Appointed a Director, Refalo – who is a registered liquidator under the Corporations Act 2001 – will join Desmond Teng and Matthew Fairthorne at the helm of Moore’s Corporate Recovery practice.
Commenting on his move, Refalo said, “What attracted me to Moore is its ability to offer a full suite of audit, accounting, tax and business advisory services. All services are offered with the same straightforward, high-quality advice, whilst understanding that our support is much more than simply a job.”
A network of five independent accounting and advisory firms, Moore has around 500 staff across 14 offices in Australia. The firm is a member of the Moore Global network.
The Corporate Recovery practice helps clients with responding to challenging market conditions and financial distress (turnaround, crisis management, cash flow optimisation, etc), or when it is too late – with bankruptcy restructuring and administrations. The unit works mainly for mid-sized businesses and private lenders.
Refalo brings over 14 years of experience in insolvency and corporate recovery, across a variety of industries and businesses. He joins Moore from FerrierSilvia (a boutique restructuring consultancy) and previously served counterparts BRI Ferrier and Mackay Goodwin, among others.
“I help clients during some of the most stressful times in their lives, allowing them to move forward with confidence. I support them by delivering solutions via various restructuring or insolvency processes,” said Refalo.
According to Teng, Refalo’s arrival will help the practice meet heightened demand for financial distress services. “The post pandemic fallout, surmounting tax debts, supply chain issues, rising labour costs, inflation and geo-political instability are all key factors impacting the economy to increase demand for corporate recovery and insolvency services.”
“With John on board, we will be able to satisfy increasing demand and cover the full business lifecycle.”