Gowinta Farms Pty Limited
We were appointed by Gowinta Farms Pty (Gowinta) as administrator with support of one of Australia's leading commercial banks.
Gowinta operated major strawberry, raspberry, pineapple and lychee farms with three separate locations in Queensland. When we were instructed it soon became apparent that the business model was flawed, so we changed this resulting in a greater share of the annual harvest financial risk being held by the fruit marketers. As a result of this and other structural and financial changes, including operational efficiencies and improved management reporting the business is now profitable and has been sold as a going concern.
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