Printing and graphics company, Regional NSW

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Printing-and-graphics-company-Regional-NSW
  • Estimated Savings: $350,000
  • Total Cost: Less than 10% of savings
  • Case Type:Court Action

Overview

After being sued by an aggressive litigant, the ‘unlosable’ case was lost, resulting in damages which exceeded the value of the business.

Result

Through realistic valuations and reasonable and commercial disposal of assets prior to liquidation, at prices based on the same valuation used by the aggressive litigant, the business survives in the hands of related parties to the benefit of all stakeholders. During the process, ten employees who continued in employment were unaware of the financial turmoil the business was undergoing.

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