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| Partner |
| | | Contact Details: | +61 8 9220 9310
crocke@kordamentha.com
| | Experience: | Cliff is a qualified Chartered Accountant and has over 23 years experience in Corporate Recovery and Insolvency, Personal insolvency, financial investigations and Corporate Restructuring. He has held senior positions including Partner in leading “boutique” corporate restructuring practices in Western Australia and has held a senior position in one of the big 4 banks in the risk area.
In practice Cliff has completed a number of both informal assignments ( acting as lead accountant in pre lending reviews, completing investigating accountant reviews and as an expert in determining insolvency) and formal assignments ( acting as a Receiver and Manager, Agent for Mortgagee in Possession, Controller, Voluntary Administrator and as liquidator). Cliff’s clients included leading financial institutions, accountants, credit managers and lawyers.
Cliff has completed two 16 months stints in a major Big 4 bank in the Risk area working with clients displaying impaired characteristics. Cliff’s role was to assist in mitigating the bank’s exposure and or returning the client to the line with sound business strategies and protocols. Cliff has gained invaluable insight into the credit risk operations of a bank and the expectations and requirements of clients in these circumstances.
Noteworthy engagements include the external administrations of Financial Resources Pty Ltd, Millers Surf and Skate, Pyrotronics Pty Ltd, team leader on external administrations of u Bikeworld Group of Companies, Christmas Island Resort and Casino Pty Ltd and controlling the timber operations and realisation of non core assets in the APT Group of Companies.
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| Expertise: |
Cliff’s expertise includes:
Industry expertise – hospitality and tourism, building and construction , engineering, manufacturing, automotive dealerships, retail, real estate agencies, manufacturing , horticulture and viticulture
Performing financial analysis to determine profitability, reasons for decline, cash utilisation and insolvency
Helping businesses restructure/ develop turnaround strategies
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| Qualifications: | Bachelor of Business Degree – Accounting and Finance
| | Memberships: | Member of Institute of Chartered Accountants in Australia;
Registered and Official (Court ) Liquidator;
Member of Insolvency Practitioners Association of Australia;
Member of Turnaround Management Association;
Member of Australian Institute of Company Directors
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