DuncanPowell has been involved in many engagements in the tourism and hospitality industry in South Australia and the Northern Territory, our experience covers all sectors of the industry - accommodation, pub and clubs, gaming, tour operators and food and beverage.
We have expertise in stabilising and managing the affairs of distressed entities within this space whilst undertaking a restructure and formulating the path for achieving long term viability. However, if this is not possible, we are positioned to assist by taking control via a formal insolvency appointment.
We were appointed Receivers and Managers of Hendrie Pretoria, a company which owned the leasehold business of the Pretoria Hotel, located in Mannum on the Murray River in South Australia. The hotel had a capacity of 800 people, with substantial bar, gaming, restaurant, entertainment and bottle shop facilities. We continued to trade the hotel, replenishing depleted inventories and resuming marketing activities in order to boost trade, whilst we pursued a sale of the leasehold interest and assets.
We were appointed Voluntary Administrators of VIP Travel Australia. The Company’s business provided luxury accommodated tours from Darwin to Kakadu and Alice Springs to Uluru. The Company continued to trade from its three locations (Darwin, Alice Springs, Yulara) during the Administration whilst a marketing campaign for the sale of the business was undertaken. The business was sold as a going concern.
We were appointed Receivers and Managers of The Vic Hotel located in the Smith Street Mall Darwin. We continued to trade the business for a period of 4 months whilst the business and assets were marketed for sale and an eventual agreement regarding the assets was concluded.
We were appointed Voluntary Administrators of the Club which operated a public, 18 hole championship golf course and lawn bowls facilities as well as licensed premises including a 22 machine gaming lounge. The Club continued to trade under a Deed of Company Arrangement whilst protracted negotiations were undertaken to secure a transfer of the Club’s operations and a redevelopment of the Club’s facilities. Following the transfer, payment was made to the Club’s secured creditor, employees received their entitlements in full and a dividend paid to the Club’s unsecured creditors.
We were appointed Receivers and Managers of the Discovery Nightclub located in central Darwin. With a licensed capacity of 1,500 people and turnover of $4m per annum. We continued to trade the business for a period of 4 months whilst the business and assets were marketed for sale and an eventual sale was finalised.
We were appointed Receivers and Managers of a fifty-two room leasehold motel in Alice Springs. The business continued to trade whilst we pursued an accelerated sale strategy, that culminated in the sale of the leasehold business as a going concern within twenty-one days.
We were appointed Voluntary Administrators of the Mataranka Hotel located approximately 100km south of Katherine. The Hotel was comprised of bars, gaming, accommodation and a retail fuel/roadhouse. The business continued to trade under our control whilst a sale campaign was undertaken and a sale was finalised.
We were engaged to conduct an Investigating Accountant's review of a 40 room motel and resort complex on behalf of the secured creditor. The resort was based in the vicinity of Kakadu and incorporated a strata-titled holiday and residential sub-division.
We were appointed Voluntary Administrators of a leasehold motel in Whyalla, South Australia. The motel had a 40 room capacity with bar, restaurant and conference facilities. The business continued to trade whilst we pursued the sale of business assets with the motel’s landlord, which maximised the return to the secured creditor.
We were appointed Receivers and Managers of the Hayes Creek Wayside Inn, an iconic Northern Territory resort located between Darwin and Katherine. The resort’s operations included accommodation, caravan park and associated leisure facilities. We continued to trade the business whilst we undertook a marketing campaign.
We were appointed Receivers and Managers of the Daly Waters Hi-way Inn and Larrimah Green Park Tourist Complex located south of Katherine. Both businesses comprised of a retail fuel outlet, licenced roadhouse and accommodation, which continued to trade under our control whilst a marketing campaign was undertaken and a sale finalised in respect of both businesses.
We were appointed Liquidators of gyms located at Reynella and Rundle Mall. Prior to our appointment, the business had operated in South Australia for over 20 years, with a membership base of approximately 2,700 clients and 20 staff. The gyms were initially offered for sale as a going concern, however, the gym equipment was sold by way of public auction.
We were appointed Liquidators of gyms located at Richmond and Hendon. The gyms were previously part of the Body Workshop franchise, but unsuccessfully rebranded following the collapse of the Body Workshop Group. The gyms had a membership base of approximately 2,600 clients and employed 22 staff. The gym equipment was sold by way of public auction.
We were appointed Receivers and Managers of Pelagon Pty Ltd, a company which operated a luxury ski resort at Perisher Valley, New South Wales. Following an extensive marketing campaign, we sold the business and assets of the Company with minimal disruption to its ongoing trading operations.
We were appointed Receivers and Managers of the Companies which controlled five businesses, predominantly in the Tourism and Hospitality sector. The businesses included the Knotts Crossing Resort, the Bark Hut Inn and the Annaburroo Billabong located along the Arnhem Highway. The other business controlled by the Companies were a tyre retailer and a printing enterprise.
We were appointed Receivers and Managers of the Tennant Creek Hotel, one of two hotels located in Tennant Creek. The Hotel had bar, restaurant, nightclub and accommodation facilities and continued to trade under our control whilst we pursued a sale of the business as a going concern.
We were appointed Receivers and Managers of the Berrimah Hotel/Motel and the Parap Hotel, both located in suburbs of Darwin. The Hotels had a combined annual turnover of $7m and continued to trade under our control whilst a marketing campaign for the sale of the Hotels was undertaken, and the sales finalised.
We were appointed Voluntary Administrators of the Pints Club, an incorporated association located in Alice Springs. The Club’s facilities comprised a bar, 80 seat licenced restaurant and gaming room.
We were appointed Receivers and Managers of Outdoor Adventure, which operated two backpacker resorts located at Alice Springs, incorporating a backpacker tourist operation offering all inclusive tours within the Northern Territory.
We were engaged to conduct an Investigative Accountants review of a significant tourism service provider by the secured creditor. The Company’s operations were located in the Northern Territory, Western Australia and Tasmania and incorporated bus and camping tours, together with backpacker accommodation with annual turnover of $14m.