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PPB Advisory was appointed as Receivers and Managers by the secured creditor. Our role comprised managing a business with over $500m turnover, including 1200 employees in 43 stores across Australia, and dealing with more than 70 suppliers and their associated retention of title claims.
read morePPB Advisory was appointed as Administrators to this import business after its external accountant raised concerns about its ongoing viability and advised Directors of its potential insolvency. PPB Advisory sought alternate stock purchasers, other than existing customers and was able to realise stock via clearance centres in preference to auction houses.
read morePPB Advisory advised the shareholders on the refinance and recapitalization of a cosmetic and skin care business with domestic and international brands.
read moreThis project involved a mixed use building comprising 272 residential units and a retail shopping centre with a complex body corporate structure.
read morePPB Advisory was appointed as Investigative Accountant to examine the options to maximise returns to a secured creditor. We sold assets including inventory, plant and property, generating approximately $7m funds, allowing full repayment of the debt and all trading costs.
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