Ferrier Hodgson partners appointed as Voluntary Administrators over two leasing entities of Sumo Salad
13 June 2017
Ferrier Hodgson partners Morgan Kelly and Peter Gothard have today been appointed as Voluntary Administrators to Sumo Salad (Leasing) Pty Limited and Sumo Salad (Leasing) Westfield Pty Limited who form a part of the Sumo Salad business in Australia.
Administrator Morgan Kelly said that the overall business model for the two leasing entities is no longer economically viable. The appointment of a Voluntary Administrator was an appropriate response to look for options to restructure the leasing business from an operational and financial perspective.
As the appointment is only over the two leasing entities, it will be business as usual for the franchisees and all other operational aspects of the business.
Please refer to the website for updates throughout the administration.