Mathew Blum

Executive summary

Mathew is a Partner in BDO’s Business Restructuring team in Melbourne. He is an experienced adviser to stakeholders in relation to business restructuring and contingency planning.

In particular, Mathew provides clarity to fellow professionals, directors, shareholders, and creditors about their strategic options in times of financial distress.

He also takes a hands-on approach and applies his problem-solving skills to facilitating and achieving optimal outcomes in situations that are often complex.

In addition to Mathew’s specialist advisory experience, he has over ten years’ global accounting firm experience; he is well placed to advise stakeholders about financial issues of all sizes and complexities.

Expertise

• Business recovery and turnaround
• Contingency planning for stakeholders when businesses are in financial distress
• Diverse corporate and personal insolvency services
• Experience across all industries, with particular depth in:
  • Real estate and construction
  • Logistics
  • Tourism and hospitality
  • Manufacturing and wholesale
  • Retail

Experience

• Successfully navigated a distressed aviation company from working capital impairment to a second chance at being a key industry provider. This involved achieving satisfactory creditor arrangements, releasing assets from a court-ordered freeze, and hands-on management of continued trading (including during the COVID pandemic)
• Shareholders engaged Mathew to optimise the realisable value of a distressed automotive and military manufacturer. He renegotiated key customer contracts and supplier terms, enabling the business to recommence trading and conduct a going concern sale campaign. Mathew managed a vast range of trading issues throughout this process
• Restructured a construction company to focus on core business, and facilitated an optimal return to creditors while enabling the company to thrive post-voluntary administration. Successful outcomes were also achieved for the key financier, workforce union, and customers.

Qualifications and affiliations

• Eligible Restructuring Practitioner
• Registered Liquidator
• Member, Australian Restructuring Insolvency and Turnaround Association
• Member, Turnaround Management Association
• Member, CA ANZ
• Member, Institute of Public Accountants