The liquidators of failed adtech startup Metigy, which collapsed into administration in July, just 20 months after raising $20 million in a Series B, have taken a $1.45 million hit on the sale of a country property bought using company funds by the startup’s now bankrupt founder, David Fairfull.
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How a creditor-supported restructuring preserved regional childcare centres, protected jobs and delivered a materially better outcome than liquidation. The restructuring of the Believe Early Learning businesses is a practical example of what voluntary administration can achieve when a childcare operator has viable services but an unsustainable financial structure. The process
How a creditor-supported restructuring preserved regional childcare centres, protected jobs and delivered a materially better outcome than liquidation. The restructuring of the Believe Early Learning businesses is a practical example of what voluntary administration can achieve when a childcare operator has viable services but an unsustainable financial structure. The process
In this episode of The Cut, Chris Bergin, Cathro’s Principal in Melbourne, sits down with Julian Heatherich, Director of Commercial Sales at Savills, to discuss the current state of Victoria’s commercial property market. Drawing on more than 25 years of experience in real estate, Julian shares his perspective on the challenges facing
In this episode of The Cut, Chris Bergin, Cathro’s Principal in Melbourne, sits down with Julian Heatherich, Director of Commercial Sales at Savills, to discuss the current state of Victoria’s commercial property market. Drawing on more than 25 years of experience in real estate, Julian shares his perspective on the challenges facing
When an insolvency practitioner is appointed to a small or medium enterprise (“SME”), a consistent pattern emerges in relation to the owner’s investment in the company. In the majority of cases, the business owner has put a substantial amount of their own money into the business, typically drawn from savings,
When an insolvency practitioner is appointed to a small or medium enterprise (“SME”), a consistent pattern emerges in relation to the owner’s investment in the company. In the majority of cases, the business owner has put a substantial amount of their own money into the business, typically drawn from savings,
