Creditors of experience agency CX Lavender, established almost three decades ago by Will Lavender, will be told today the company’s administrators are in the middle of negotiating a sale of the business.
Vaughan Strawbridge and Matthew O’Keefe of FTI Consulting were appointed voluntary administrators in late March.
Their latest investigations are to be presented to a creditors’ meeting today. The administrators estimate total liabilities at nearly $1.6 million. But the company also has $827,717 cash plus other, so far unrealised, assets.
The administrators are keeping the business, which has had a string of high profile…