Burrup Fertilisers
Burrup Fertilisers – following secured creditor concerns over financial irregularities, PPB Advisory was appointed receivers and managers over Burrup’s major asset, an ammonia plant in Karratha, Western Australia. The plant has a production capacity of 800,000 tonnes annually and produces over 6% of the total world output of tradeable ammonia. It involves a capital investment of $700m.
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Munday Group
PPB Advisory ensured that this large Victorian hospitality group, comprising eight hotels two restaurants (some leasehold) continued to trade and implemented process improvements to ensure the best price on the sale of venues.
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Major Bank Lending Review
PPB Advisory conducted a lending review and investigation for a major Australian bank which had in excess of AUD $1 billion exposure. We led a team looking at allegations of inappropriate collusion between bank employees and the borrower as well as allegations of forged security documentation.
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Major Bank Risk Review
PPB Advisory reviewed the management of watch listed files on behalf this major Australian bank. We reviewed all qualifying files across Australia to assess historic and forward strategy, progress of file management, quality of file management by staff, and any credit quality issues arising.
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Securities Lending Review
PPB Advisory was part of the Securities Lending Review team commissioned by a large Australian bank to examine this area of the business and to identify necessary remedial actions.
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Significant motor group
On this matter, the financier was alarmed by significant variations with stock audit versus floor plan. PPB Advisory was retained informally to monitor the motor group while an alternative financier was sought and to ensure security position of original financier not further eroded.
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