SV Partners were appointed as Voluntary Administrator of the largest remedial earthworks company in Tasmania with approximately 75 employees. The company had a large secured facility including debtor factoring through a financial services company.
SV Partners entered into a licence agreement for management and ongoing trading of the business with a view of to selling the company’s business and assets in order to meet secured creditor claims.
The matter eventually resulted in a court ordered Official Liquidation. SV Partners were able to successfully secure a sale of the business and assets in addition to recovering numerous voidable transactions.