Saved Properties & Paid off $1million total Debt of a Large Independent Supermarket

AVA Advisory worked with the client for two years until the company was back on its feet. We placed the company into voluntary administration and through this process, we were able to negotiate with creditors to repay the debt over a 12 month period, which reduced the monthly contributions to approximately $20,000. This meant that not only did the company have a viable future with a relatively unaffected cash flow due to a lower repayment amount, it also meant that the creditor (who faced losing the entire loan property amount should the company go under) also made their money back.

We also secured a stable, debt-free and profitable future for the business by:

facilitating negotiations with one of the company’s major suppliers who we discovered had been overcharging them for close to 8 years.
recovering $1.05 million during the administration process through close examination of another of the company’s creditors
working with the financial ombudsman to keep the major bank away for 12 months, allowing us to assist in the refinancing of the company property – which the client didn’t need to sell as a result.
successfully paying off close to $1 million of debt, including the $437k owed to unsecured creditors. Priority (employee) creditors were owed $45k and secured creditors $520,000. The cost to the company was only $240,000 as a result of negotiations.
After working closely with the business owners, we left the company in a far better financial situation than we found it in. Following our involvement, the ongoing structure and operations of the company are smoother and more financially capable than ever before.