Company Five – Registered Club

OVERVIEW PROVISIONAL LIQUIDATION – TRADE ON – TERMINATION OF BOARD – TRANSFER TO VOLUNTARY ADMINISTRATION – LEADERSHIP – FRAUD. One frequent but not so common reason for corporate failure is fraud. Fraud levels in the Australian business scene are unfortunately quite high in number but much of this is at levels that allow the business … Continued

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Company Four – Franchise Food Outlets

OVERVIEW ADMINISTRATION – FAMILY BREAKDOWN – FRANCHISING – POOR BUSINESS SELECTION – LACK OF CONTROL – INADEQUATE BUSINESS PREPARATION AND INVESTIGATION – POOR STRUCTURING Company Four had been formed by its owners to operate a number of franchised food outlets from two different franchises operated by the one Franchisor Group. Two of the stores were … Continued

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Company Three – Indoor Sports Centre

OVERVIEW REPLACEMENT ADMINISTRATORS – TRADING ON – SHAREHOLDER DISPUTES – BUSINESS VALUATION – KEY ASSET IDENTIFICATION – LIQUIDATION – LOAN ACCOUNT RECONCILIATION Company Three operated as an Indoor Sports Centre for approximately eight years prior to the appointment of the original Administrators. Some five years earlier a new Director and shareholder had been appointed to … Continued

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Company Two – Automotive Retailer

OVERVIEW   MOTOR TRADE – FLOOR PLAN FUNDING – ADMINISTRATION – FRAUD – TRADING ON – POSITIVE RESULT – KEY NEGOTIATION REQUIREMENTS Following advice that Company Two had received from their solicitors the Directors had been instructed to place the Company into Administration. Company Two had commenced operating some five years earlier as a Used … Continued

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