Ferrier Hodgson
Encyclopedia
Ferrier Hodgson is a group of Accounting firms specialising in Insolvency
in the Australian and Asia Pacific region, with offices in all major capital cities in Australia, Singapore, Malaysia, Indonesia, and Japan. Whilst FH's core business is corporate recovery, the firm has also endeavoured to build corporate advisory and forensic accounting
services as core specialties in recent years due to the stagnant nature of the insolvency industry. FH was ranked at number 18 in the BRW top 100 Accounting Firms in 2007 with an estimated $52.6 million in fee revenue during the 06/07 Financial Year.
Whilst FH operates as a group structure, the Sydney
and Melbourne
offices are the only common partnerships within the group, having recently merged, with the remaining offices operated as separate partnerships.
FH was first established in 1976 and is one of the most widely recognised and highly respected providers of corporate recovery
, advisory
and forensic
services in the Asia Pacific region. There are approximately 40 partners and 300 staff working in all of the FH offices. In addition, FH is a member of the Kroll
network of affiliated firms, with locations throughout America, Europe and Africa.
In the Asia Pacific region, the Hong Kong, Shanghai, and Manila offices of FH joined global business advisory firm FTI Consulting Inc as of 19 August 2010.
. On 24 July 2001, Steve Sherman and Peter Walker were appointed joint liquidators of One.Tel. The appointment has required extensive investigations into the affairs of the company and the actions of the directors Jodie Rich and Brad Kealing. An interesting side note to the collapse of One.Tel is the involvement of Rodney Adler
, who was associated with the collapse of one of Australia's biggest insure HIH Limited.
Insolvency
Insolvency means the inability to pay one's debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts.Business insolvency is defined in two different ways:...
in the Australian and Asia Pacific region, with offices in all major capital cities in Australia, Singapore, Malaysia, Indonesia, and Japan. Whilst FH's core business is corporate recovery, the firm has also endeavoured to build corporate advisory and forensic accounting
Forensic accounting
Forensic accounting is the specialty practice area of accountancy that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally...
services as core specialties in recent years due to the stagnant nature of the insolvency industry. FH was ranked at number 18 in the BRW top 100 Accounting Firms in 2007 with an estimated $52.6 million in fee revenue during the 06/07 Financial Year.
Whilst FH operates as a group structure, the Sydney
Sydney
Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
and Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
offices are the only common partnerships within the group, having recently merged, with the remaining offices operated as separate partnerships.
FH was first established in 1976 and is one of the most widely recognised and highly respected providers of corporate recovery
Corporate recovery
Corporate recovery is the term given to the rescues undertaken by professional accountants, who are professionally trained, to assist the management of companies in nursing a company in financial and other difficulty back to health....
, advisory
Advice (opinion)
Advice is a form of relating personal or institutional opinions, belief systems, values, recommendations or guidance about certain situations relayed in some context to another person, group or party often offered as a guide to action and/or conduct...
and forensic
Forensics
Forensic science is the application of a broad spectrum of sciences to answer questions of interest to a legal system. This may be in relation to a crime or a civil action...
services in the Asia Pacific region. There are approximately 40 partners and 300 staff working in all of the FH offices. In addition, FH is a member of the Kroll
Kroll Inc.
Kroll is a risk consultancy firm based in Midtown Manhattan, New York City. and established in 1972.- History:Kroll was founded in 1972 by Jules B. Kroll as a consultant to corporate purchasing departments...
network of affiliated firms, with locations throughout America, Europe and Africa.
In the Asia Pacific region, the Hong Kong, Shanghai, and Manila offices of FH joined global business advisory firm FTI Consulting Inc as of 19 August 2010.
One.Tel Limited
One of the most notable appointments of FH is the collective group of companies known as One.TelOne.Tel
One.Tel was a group of Australian based telecommunications companies, including principally the publicly listed One.Tel Limited established in 1995 soon after deregulation of the Australian telecommunications industry, most of which are currently under external administration by court appointed...
. On 24 July 2001, Steve Sherman and Peter Walker were appointed joint liquidators of One.Tel. The appointment has required extensive investigations into the affairs of the company and the actions of the directors Jodie Rich and Brad Kealing. An interesting side note to the collapse of One.Tel is the involvement of Rodney Adler
Rodney Adler
Rodney Stephens Adler is an Australian businessman and former director of telecommunications company One.Tel and insurance company HIH, both of which collapsed in 2001. He was jailed in 2005 for his conduct related to the collapse of HIH....
, who was associated with the collapse of one of Australia's biggest insure HIH Limited.