September 3, 2020

Wholesale/Retail Industry

SV Partners were appointed as Voluntary Administrators to a jewellery wholesaler/retailer. The business grew exponentially within a short period of time and subsequently faced significant management and operational challenges.

Voluntary Administration

The Situation

The business commenced from a residential garage with 1 employee and grew within a period of approximately 6 years to employ approximately 600 staff both in a wholesale and retail environment. The business, after 6 years, owned and ran approximately 25 retail stores across Australia, had many franchise stores and supplied from its wholesale business many retail customers both in Australia and New Zealand.

The Solution

SV Partners were engaged in structuring and asset protection strategies as managing growth and demands on cash flow became difficult for the owners. We regularly met with the directors and owners to discuss strategy and particularly assist with forecasting and cash flow-related issues.

The Outcome

Through implementation of strategies to stabilise and support the business throughout its growth period, SV Partners was able to assist the owners in selling the business for in excess of $100 million.

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