Arrow Group VA

We were appointed Voluntary Administrators of Arrow Group, which operated four cafes with circa 40 employees from 4 separate leased premises (Collaroy, Freshwater, Manly and Mosman). We successfully traded on the business to the second meeting of creditors to allow the director an opportunity for his proposed DOCA to restructure the business. At the second meeting, creditors (including employees) resolved to accept the DOCA which resulted in the continued employment of all staff, and significant compromise of legacy creditors.