Appointed Administrators of NetComm, with operations in Australia, USA and Europe, and a US-based parent subject to Chapter 11 proceedings. Successfully restructured the business and completed a going concern sale of the shares in NetComm to a Nasdaq-listed trade buyer. The restructuring was facilitated through three interrelated Deeds of Company Arrangement. Employees were paid in full, and an interim distribution of 29c/$ has been paid to unsecured creditors from the Deed Fund.

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Appointed as Administrators of a caravan manufacturer that had taken $18m in progress payments from more than 180 customers. Following an assessment of the level of distress, a strategy was implemented to downsize the business and continue manufacturing caravans with the support of its lenders, before a sale process was undertaken to find a buyer who recognised the value of the restructured business. The sale price exceeded the market value of the assets by more than four times, demonstrating the value of preserving operations rather than ceasing to trade.

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Receivers of a large industrial development where the joint venture partners were in dispute and facing insolvency, with the project only 10% complete and a forced sale likely to result in substantial losses for all stakeholders. Construction was continued by partnering with specialist construction advisors, managing stakeholder relationships through enhanced transparency and reporting, and securing funding to avoid development delays. The project proceeded to completion, with units sold at market value (GRV of ~$45m) and returns to investors anticipated.

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Independent strategic advisor to an ASX-listed manufacturer in respect of an underperforming subsidiary. Following  an assessment of its operational and financial position, value realisation options were identified and assessed, including a sale, restructuring or solvent wind down. The advice supported a hybrid exit approach to maximise value and preserve strategic flexibility, with the role transitioning to transaction execution, due diligence, stakeholder engagement and implementation planning. ​

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Appointed Administrators and subsequently Liquidators of a corporate group engaged in residential development projects with a GRV of ~$65m, after the builder walked off site due to non-payment by the developer. We managed completion of the developments, obtaining occupation certificates and devising a sale and marketing programme to maximise realisations. Extensive investigations have been completed, focused on the misconduct of the director and the original lenders, including conducting public examinations of financiers, legal advisors and related parties. Federal Court proceedings have now bee commenced alleging breaches of duty, unfair loans and other uncommercial transactions. ​

Appointed Administrators and subsequently Liquidators of a corporate group engaged in residential development projects with a GRV of ~$65m, after the builder walked off site due to non-payment by the developer. We managed completion of the developments, obtaining occupation certificates and devising a sale and marketing programme to maximise realisations. Extensive investigations have been completed, focused on the misconduct of the director and the original lenders, including conducting public examinations of financiers, legal advisors and related parties. Federal Court proceedings have now commenced alleging breaches of duty, unfair loans and other uncommercial transactions.

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Appointed as Receiver and Manager of the East Rockingham Waste to Energy Project, a large-scale infrastructure asset comprising a 300,000 tonne per annum waste-to-energy facility. At the time of our appointment, the project was substantially complete but required the stabilisation of a complex stakeholder environment involving senior lenders, EPC contractors, waste supply counterparties and power offtakers. Our team assumed control of the project, oversaw the continuation of construction and commissioning activities, maintained critical contractual arrangements, managed extensive creditor and stakeholder negotiations, and led a competitive recapitalisation and sale process to maximise value.

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