Michael Durbridge has over 15 years’ experience in the financial services industry having held senior client facing roles in business banking and advisory firms.
Michael has conducted analysis of hundreds of businesses and business models and is well placed assess credit risk, capital structures and contagion risk. Michael Durbridge co-founded the Association for Business Restructuring and Turnaround (the ABRT) with Eddie Griffith and Ben Heaney. Michael played a key role in developing the ‘Executive Certificate in Turnaround Management Practice’. Michael continues to act as a Member of the ABRT Board and sits on the Education and Membership Committees.
The Australian insolvency regime does not currently address adequately the insolvency of small and family businesses. Unfortunately, many insolvent businesses cannot afford the appointment of an insolvency practitioner. Even if they are able to source the funds, advice from regulated insolvency professions is limited due to corporate and personal conflict, independence requirements and a lack of appreciation for what can be achieved outside of a formal appointment. This situation has been described as a ‘market failure’ requiring a governmental intervention consisting of the appointment of a public trustee (Harris and Murray, 2020).
Most importantly, Michael is passionate about working with business owners in the SME sector to deliver better outcomes to stakeholders.
Education, Professional Memberships & Attainment:
- Life Member and Certified Restructuring & Turnaround Executive RTE® of the Association for Business Restructuring and Turnaround (ABRT)
- Member and Certified Turnaround Associate of the Turnaround Management Association
- Diploma Of Financial Services (Financial Planning)
- Bachelor of Business (Accounting) / Bachelor of Computing from La Trobe University
The SME marketplace is the largest employer in Australia. So often the business owner is forced to wear many hats such as sales, marketing, HR, accounting, finance and carry the heavy burden of being an employer. When financial distress occurs, the ramifications are far reaching and the business owner requires specialist assistance to regroup. Nothing is more satisfying than witnessing the positive outcomes on people’s lives that are achieved through a high-quality turnaround.