This national retail franchise chain

of electronic consumer goods was

run by a cunning president. Don

and his team were retained by the

lender to assess the viability of the

Company. Upon seeing the true

state of the damage in the Compa-

ny, Don was Court appointed as Re-

ceiver and Manager. The Company

had suffered from rapid and un-

controlled expansion and there was

a lack of internal controls. Liquid-

ity challenges and other anomalies

revealed that management was not

totally forthcoming.

Don examined all aspects of the

Company to determine the options

available and communicated with

stakeholders the issues and the op-

tions. He ran the operations and

rationalized the business by closing

some franchises. He determined

the best approach was to sell the

business through a Court approved

process.

Don then developed a sales pack-

age, researched the market place

and found a buyer, with which he

negotiated and fi nalized an en bloc

sale, after obtaining Court approval.

BATTERY PLUS

Financial Advisory, Court Appointed Receiver & Manager

DA Don Allen& Associates Inc.

Toronto · Barrie · Collingwood

www.djallen.ca

1-888-504-1511