McWilliam’s Wines’ Hanwood Estate vineyard
Tim Mableson is an expert in deal advisory and restructuring, and is the national leader in agriculture and wine sectors for KPMG Australia. He has worked as a voluntary administrator for numerous high-profile wine businesses such as McWilliams Wines, Fox Creek and Salena Estates. Here, he patiently explains the intricacies of voluntary administration to journalist Meg Riley. This article does not seek to provide financial instruction or advice, but merely aims to demystify the process of calling in administrators—what does it mean, what are the possible outcomes, when should you make the call?
Business ownership is a tough gig, whether wine industry or otherwise. With the family…