- The company was listed in June 2019
- Covid saw the company’s fiscal position collapse
- Along with Covid, disputes with landlords also contributed to its demise
Victory Offices Limited (ASX: VOL) has announced it has entered into voluntary administration.
The announcement comes just three years after the company was listed on the ASX, back in June 2019.
In a statement, the company said it seeks to recover from the effects of the pandemic by recapitalising business, to ensure it can emerge in a stronger fiscal position.
Danny Vrkic and Daniel OBrien of DV Recovery Management have been appointed as the voluntary administrators of the company.
The Board said that while the company is currently solvent, it is likely to become insolvent in t…
Read the full article at: https://thepropertytribune.com.au/business-industry/victory-offices-in-voluntary-administration/