BEVILLES
Bevilles is an 80 year-old family business specialising in jewellery.
“How do they create this magic, this fairy-tale? The business today... after the restructure and having Mawson help me with the process... it’s a completely transformed business and it’s really my dream business now.”
Michelle Beville, Managing Director

WHY THEY CAME TO US
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The business was on the brink of insolvency and had already received pre-appointment insolvency advice that unsecured creditors would receive a return of 20-30 cents in the dollar.
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Bevilles was operating 26 retail stores in shopping centres while employing over 350 staff nationwide.
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The business had limited cash flow and was under mounting pressure from creditors.
WHAT WE DID
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Developed a financial model and turnaround plan to provide confidence to major stakeholders.
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Identified that occupancy costs were too high and the average store size needed to be reduced by 40 per cent.
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Procured support of the business's key stakeholders, both locally and internationally.
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Negotiated commercial arrangements with all key stakeholders.
WHAT WE DELIVERED
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Saved an 80 year-old family business.
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Retained 250 jobs.
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Returned 90 cents in the dollar to unsecured creditors, compared to the initial advice of 20-30 cents.