Appointment details

Appointment type Voluntary Administration
Appointment date 20 September 2024
Appointees Tim Mableson, James Dampney, Gayle Dickerson, David Kidman
Companies subject to Administration

Beston Global Food Company Limited (Administrators Appointed) ACN 603 023 383
Beston Pure Dairies Pty Ltd (Administrators Appointed) ACN 606 417 994

(Collectively referred to as 'Beston'.)

Office Adelaide
Dairy cow in a field

KPMG contact

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Background information

Beston Global Food Company Limited (ASX:BFC)

Tim Mableson, James Dampney, Gayle Dickerson and David Kidman were appointed joint and several Voluntary Administrators (Administrators) of Beston Global Food Company Limited and its subsidiary Beston Pure Dairies Pty Ltd (Beston).

The Administrators current intention is to continue to trade Beston while an assessment of trading is undertaken, and options for its sale and/or recapitalisation are explored.

The Administrators control the assets, trading and day-to-day operations of Beston, with the priority being to undertake an immediate assessment of the business and its operations, to assess options and notify stakeholders of the appointment.

Interested parties

Parties who are interested in recapitalising and/or acquiring Beston or any of its assets are asked to urgently contact the Administrators at beston@kpmg.com.au.

Further information

For all further enquiries, please contact us at beston@kpmg.com.au.

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First meeting of creditors

2 October 2024

The first meeting of creditors was held virtually on 2 October 2024 at 12:00pm ACST. 

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Creditor communications

Information and circulars for creditors.

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Court documents

Court directions proceedings and documentation relating to this matter.

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ASIC insolvency material

The Australian Securities & Investments Commission provides resources on insolvency for directors, practitioners, employees, creditors and investors.

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Support

Coping with the emotional impact of financial distress.

Beyond Blue

beyondblue offers some useful resources for people struggling with the emotional impact of financial distress.

The beyondblue Support Service provides confidential, one-on-one counselling with a trained mental health professional.
Phone: 1300 22 4636

Lifeline

Lifeline offers phone crisis counselling for people who are experiencing financial and emotional hardship.

Phone: 13 11 14 Australia-wide
Online crisis support chat (7:00pm to 4:00am daily)

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