Business recovery and turnaround in Melbourne

Voluntary administration

BRI Ferrier has extensive experience in formal voluntary administration appointments across many industries. Voluntary administration offers breathing space to insolvent or financially distressed organisations, so they can reorganise their financial affairs and potentially avoid liquidation.

A recent example of our expertise in this area is our appointment as voluntary administrator of Parque Pty Ltd, an iconic Melbourne fashion retailer trading as FAT Stores. The administration enabled us to successfully restructure and downsize the business, and to return it to its owners in a viable state while preserving the value in the brand and the owners’ equity.

Find out more about voluntary administration

Informal turnaround management services

BRI Ferrier advises financially distressed businesses to help them avoid terminal insolvency. We also assist non-distressed businesses to implement change management strategies and ensure their continuing financial health.

We achieve this through:

• Business review and advisory services. These include complete independent reviews of operations and comprehensive health checks to determine market position, critical issues and opportunities for continuity and growth. We also provide specific reviews for business owners, financiers and other stakeholders to assist strategic decision-making. Find out more about BRI Ferrier’s business review and advisory services
• Acquisition and sale due diligence. Assurance to individuals and companies that are buying or selling businesses. They can then assess whether the potential benefits of the deal outweigh the risks. Find out more about BRI Ferrier’s acquisition and sale due diligence services
• Informal arrangements. As an alternative to administration or liquidation for financially distressed businesses, these may include a repayment agreement or limited moratorium between the distressed business and its creditors. Find out more about BRI Ferrier’s informal arrangement services