Hefty leases for debt chaser Collection House proved a devastating millstone in trying to fend off collapse, says a financial autopsy by the ASX-listed company’s administrators.
Attempts were unsuccessful to renegotiate leases, centred on its headquarters in inner-Brisbane’s Newstead, as revenues slumped, the FTI Consulting administrators wrote.
Loading...
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
