Liquidation affecting worldwide Australian wine market

Quantuma oversee the liquidation of a private investors company affecting the worldwide Australian wines market.

Overview:

  • Company with 370,000 Australian wines held in warehouse – enough to affect the worldwide Australian wine market.
  • Multi-million pound expected value.
  • Court keen to ensure customers’ proprietary rights are maintained in preference to obtaining best financial returns for investors.
  • Indebtedness – 700+ private investors. Total investments of c£14m

 

Outcomes:

  • Quantuma has managed key stakeholders including hands-on liquidation committee and bonded warehouse owed £400k+ and could enforce lien.
  • Successful ‘Berkeley Applegate’ application to court allowing liquidator to be paid from assets held on trust.
  • On-going sale strategy of remaining wine being established to maximise returns

 

For more information about Liquidations, please click here