What Worrells Solvency & Forensic Accountants does

Worrells Solvency & Forensic Accountants is an Australian specialist insolvency, restructuring and forensic accounting practice founded in 1977 and headquartered in Brisbane. It operates as a national group of wholly-owned state-based member firms under the holding entity Worrells Group Holdings Pty Ltd, delivering four core service lines: Business Turnaround & Restructuring (including Small Business Restructuring, Voluntary Administration, Deeds of Company Arrangement and Safe Harbour advisory), Corporate Insolvency (Liquidation, Simplified Liquidation, Receivership, Members' Voluntary Liquidation), Personal Insolvency (Bankruptcy, Personal Insolvency Agreements, Debt Agreements) and Dispute Resolution. The firm serves four primary client segments — Professional Advisors, Business Owners & Sole Traders, Creditors and Individuals — through a network of 29 offices across Queensland, New South Wales, Victoria, the Australian Capital Territory and Western Australia, plus a recently established Malaysia subsidiary.

The practice is built around 33 Principals, including Registered Liquidators, Registered Bankruptcy Trustees, Chartered Accountants and ACFE-certified Forensic Accountants; the firm claims more Registered Bankruptcy Trustees than any other private practice brand in Australia, providing a regulated credential moat. Operations are supported by "Workbench," a proprietary in-house insolvency management platform that standardises file administration, document handling and quality controls across all offices, alongside a customer-facing File Information portal for creditor and stakeholder communication. The technology layer is operational rather than AI-enabled, focused on consistency and process efficiency in a regulated professional services context.

Worrells monetises through project/case-specific professional fees for insolvency and restructuring engagements, with no publicly disclosed pricing and complimentary initial consultations offered as the demand-generation mechanism. Go-to-market is relationship-driven, supported by an extensive educational content library (Worrells Knowledge Base, Expert Series videos, monthly newsletter "On The Pulse"), a monthly CPD Tax Series co-hosted with Webb Martin Consulting targeting the accounting referrer base, and direct principal-led engagement through the 29-office network. The firm is privately held with no external institutional investors identified, and ownership and control reside with the principal group.

Name

Worrells Solvency & Forensic Accountants

Legal name

Worrells Group Holdings Pty Ltd

Website

https://worrells.net.au

Company type

Private

Founded year

1977

Operating status

Operating

Short description

Worrells is an Australian specialist insolvency, restructuring and forensic accounting practice founded in 1977, operating 29 offices nationwide with 33 Principals serving distressed businesses, creditors, professional advisors and individuals facing financial difficulty.

Ownership category

akta.pro rank

Product category

Insolvency and Restructuring Services

NAICS

Administrative Management and General Management Consulting Services (541611), Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Insolvency, Restructuring & Bankruptcy Administration (BPAHABAL)

akta.pro secondary industries

Insolvency & Turnaround Advisory (SME/Mid-Market Debtor-Side) (FSAEAFAK), Turnaround, Restructuring & Crisis Management Consulting (BPAHACAO), Bankruptcy, Insolvency & Restructuring Servicing (Consumer) (FSAKAJAK)

Keywords

• Insolvency accounting services
• Corporate restructuring advisory
• Liquidation administration
• Personal insolvency solutions
• Business turnaround advisory

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices29 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Professional Insolvency Services: Fees charged for professional insolvency and restructuring services including business turnaround, corporate insolvency (liquidation, receivership, voluntary administration), personal insolvency (bankruptcy, personal insolvency agreements), and dispute resolution. The firm also generates revenue through educational resources and professional development programs.
2. CPD Tax Series: 10 hours of free CPD (Continuing Professional Development) for accountants in Australia, provided jointly with Webb Martin Consulting.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Worrells is a specialist insolvency and restructuring accounting practice delivering formal insolvency administration, turnaround advisory, and dispute resolution services to distressed businesses, directors, creditors, and individuals across Australia. Services span corporate insolvency (liquidation, receivership, voluntary administration), personal insolvency (bankruptcy, PIAs, debt agreements), and pre-insolvency turnaround/restructuring work, delivered by 33 Principals across 29 offices.

Product overview

Worrells Solvency & Forensic Accountants operates as a specialist insolvency and restructuring practice offering a comprehensive suite of professional services through a national group of independent member firms. The core service portfolio comprises four main pillars: Business Turnaround & Restructuring (encompassing Small Business Restructuring, Voluntary Administration, Deeds of Company Arrangement, and Safe Harbour advisory), Corporate Insolvency (including Liquidation, Simplified Liquidation, Receivership, and Members' Voluntary Liquidation), Personal Insolvency (covering Bankruptcy, Personal Insolvency Agreements, and Debt Agreements), and Dispute Resolution services. Supporting these core offerings, Worrells provides proprietary technology through its Workbench platform for insolvency file management, the File Information Portal for stakeholder access, and educational resources including the Knowledge Base, Expert Series videos, and CPD Tax Series professional education program. The company was founded in 1977 and operates 29 offices across Queensland, New South Wales, Victoria, Australian Capital Territory, and Western Australia.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Turnaround & Restructuring Advisory and formal engagement services helping businesses recover from financial distress, covering Small Business Restructuring (SBR), Voluntary Administration, Deeds of Company Arrangement, and Safe Harbour advisory for distressed Australian companies and their directors.
• Corporate Insolvency Formal corporate insolvency administration services for companies, including Liquidation, Simplified Liquidation, Receivership, and Members' Voluntary Liquidation, delivered by Registered Liquidators across Australia.
• Personal Insolvency Personal insolvency solutions for individuals, including Bankruptcy, Personal Insolvency Agreements (PIAs), and Debt Agreements, delivered by Registered Bankruptcy Trustees.
• Dispute Resolution Commercial and insolvency-related dispute resolution services for stakeholders and creditors involved in insolvency matters.

Quantifiable outcome

• Case study result: Insolvency process halted, company winding-up hearing discontinued, creditors accepted DOCA, director regained control within one-month turnaround

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Webb Martin ConsultingcoreStrategic or Co-development PartnerCo-hosting the CPD Tax Series, a monthly professional development program for accountants in Australia. Each session provides one hour of verified CPD and is held on the second Thursday of each month.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• McGrathNicol: Australian specialist restructuring, insolvency, and advisory firm operating nationally with a similar focus on mid-market corporate insolvencies and turnaround engagements. Closest functional peer to Worrells in service mix and customer segment.
• SV Partners: Australian specialist insolvency and restructuring firm with national office footprint. Direct competitor targeting SME and mid-market insolvency appointments with similar service portfolio to Worrells.
• KordaMentha: Australian restructuring and insolvency advisory firm specializing in complex corporate restructures, receiverships, and forensic accounting. Competes directly with Worrells for mid-market and large corporate insolvency appointments.

Broad incumbents

• KPMG Australia (Restructuring): Big 4 firm offering restructuring services including insolvency, corporate recovery, and creditor advisory. Competes with Worrells on larger corporate insolvency mandates.
• Grant Thornton Australia (Advisory): Mid-tier accounting firm with restructuring advisory services across Australia. Indirect competitor for insolvency appointments and turnaround engagements, with a broader advisory practice.
• BDO Australia (Restructuring): Mid-tier accounting firm with restructuring and insolvency practice in Australia. Overlaps with Worrells on SME and mid-market insolvency appointments, with broader advisory portfolio.
• Deloitte Australia (Restructuring): Big 4 firm with dedicated restructuring services practice in Australia. Larger competitor that captures high-end corporate insolvency appointments, overlapping with Worrells on mid-market deals.
• PwC Australia (Restructuring): Big 4 firm with restructuring and insolvency practice. Broader portfolio but overlapping service lines in formal insolvency appointments and turnaround advisory.
• FTI Consulting: Global restructuring and forensic consulting firm with significant Australian presence. Competes with Worrells on complex corporate restructurings and forensic accounting mandates, particularly on larger cases.

Emerging players

• Pitcher Partners (Restructuring): Australian accounting and advisory firm with restructuring capabilities. Smaller footprint than Worrells but competes for SME insolvency appointments in overlapping geographies.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInau.linkedin.com/company/worrells
• Xx.com/worrells_solve
• Facebookfacebook.com/worrellssolvencyforensicaccountants

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries25 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Worrells Solvency & Forensic Accountants