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Fair Entitlements Guarantee (FEG)
General information for claimants: https://www.dewr.gov.au/fair-entitlements-guarantee
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 (Collectively referred to as 'Beston'.) |
Office | Adelaide |
KPMG contact
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.
First meeting of creditors
2 October 2024
The first meeting of creditors was held virtually on 2 October 2024 at 12:00pm ACST.
Creditor communications
Information and circulars for creditors.
Court documents
Court directions proceedings and documentation relating to this matter.
ASIC insolvency material
The Australian Securities & Investments Commission provides resources on insolvency for directors, practitioners, employees, creditors and investors.
Support
Coping with the emotional impact of financial distress.
Beyond Blue
The beyondblue Support Service provides confidential, one-on-one counselling with a trained mental health professional.
Phone: 1300 22 4636
Lifeline
Phone: 13 11 14 Australia-wide
Online crisis support chat (7:00pm to 4:00am daily)
Tim Mableson
SA Clients & Markets Lead Partner, Deal Advisory | National Wine Advisory Lead
KPMG Australia
James Dampney
Partner, Turnaround & Restructuring
KPMG Australia
Gayle Dickerson
National Leader, Turnaround & Restructuring
KPMG Australia
David Kidman
Special Adviser, Turnaround & Restructuring
KPMG Australia