Richard Stone

Partner - Sydney

As a partner of the Restructuring & Recovery division in Sydney, Richard Stone possesses over 20 years of experience both locally and internationally in the fields of corporate recovery, insolvency and advisory.

Richard has a vast history of exposure to difficult situations and is experienced in autonomously managing complex investigations. Richard retains knowledge in a variety of industries with a particular focus on SME's within property and building, professional services, agri-business and hospitality.

Richard works closely with clients, on both the creditor and debtor side, to engage with all stakeholders in order to preserve jobs and maintain enterprises as going concerns.

"I enjoy being able to provide solutions to difficult and complex issues in times of financial distress. I aim to constantly challenge the status quo and drive innovation."

Prior to joining RSM, Richard worked for other mid-tier accounting firms and spent four years working in London at Smith & Williamson whilst partaking in a forensic accounting secondment at Clifford Chance.

In Richard's spare time he enjoys coaching junior footy teams and does not mind having a run on the field himself.

MOBILE SERVICE LOCATIONS:
Coffs Harbour, Hunter/New England, Newcastle, Port Macquarie, Sydney, Western Sydney, and Wollongong.

SOLUTIONS RICHARD PROVIDES

Richard is committed to achieving the best outcomes for his clients, including a focus on maximising recovery for secured creditors.

Richard provides services in the areas of:

Receiverships acting for secured creditors
Corporate restructuring and monitoring
Exit strategy planning
Formal insolvency procedures
Independent business reviews
Pre-lending reviews
Representations at creditors meetings
Restructuring and Insolvency Services in Sydney

SIGNIFICANT PROJECTS

7Steel Distribution Pty Ltd, receivership - trade on of a national steel distribution business with in excess of $20m in assets, 120 employees and creditors of $40m
Snowburn Pty Ltd, receivership - trade on administration involving four businesses in tourism/hospitality in the NSW snowfields, secured the sale of the businesses as going concerns
Cardinal Group, voluntary administration - demolition and waste recycling business, secured assets of circa $12m, 250 employees and creditors of $48m
Recruitment National, liquidation - labour-hire company with over 250 employees, $2m in assets recovered and statutory debts in excess of $5m