Our client was an aboriginal-owned social enterprise bsuiness, connecting Indigenous Culture, Country, Community, the Self and the Sacred that transitioned from a sole trader to a Company in 2019. The small business restructure (SBR) was apprived at 18c/$.
In mid-2021, our client began operating as a gym, providing programs scientifically designed by world-leading Exercise Scientist Brodie Hicks. The gym is membership based and provides regular classes and personal training sessions. It had a significant debt which we resolved for 13 c/$.
Our client was a franchised fast-food outlet operating inside a major university and was impacted by lockdowns and closures of the campus during the COVID Pandemic. It had a significant debt which we resolved for 15.52c/$.