Teneo

A recent receiver's report into the controversial and embattled beekeeping and honey trading business describes discrepancies in asset records and incomplete information provided by the Canterbury Company, which is also now the subject of liquidation proceedings undertaken by a beekeeper owed nearly half a million dollars.

A first receiver's report into both Springbank Honey Limited and fellow Brown family farming business Glenburn Green Limited was released by Teneo Financial Advisory on September seventh, which listed more than twelve point six million dollars owed by Springbank, with nine point five million of that due to the first ranking creditor, Bank of New Zealand.

A further nine point two million is owed by Glenburn Green, with its primary asset of a three thousand seven hundred hectare high country Lees Valley farm already listed for sale as the receivers seek to recoup money owed.

That farm saw much of its stock, beef cattle, sold by director Stephen Brown as receivership loomed.

However, receiver Malcolm Hollis says Teneo were able to intercept those sale proceeds.

Even beyond that, the report released by Teneo paints a troublesome picture regarding accounting for the assets of Springbank Honey, such as honey and beehives.

We have undertaken a physical stocktake of the honey held and are reviewing a number of discrepancies identified between the records provided and the stock located, the report states.

Regarding hives, despite requests, complete information regarding the number and location of the Springbank's hives has not been provided, Teneo states.

That must be really difficult to deal with because I need to be quite careful here because I think Nick Harris has done some very interesting investigative work on Fabrizio Romano for Sporting Intelligence and also for the Daily Mail.

Unfortunately, we don't have quite as expensive lawyers as the Daily Mail at Teneo.

So I would probably refer you to his coverage of that.

But the fundamental accusations are that he is double dipping sometimes.

Handmade.

Uh, Randi Rahamim is the managing director of Teneo, corporate consulting strategy and advisory firm.

Thanks very much.

Thanks, Gerry.

Hundreds of Sydney home buyers are in limbo this afternoon.

After a few discussions with Teneo-

After major housing developer Bathla collapsed into voluntary administration.

They appointed them as voluntary administrators in late August.

[intro music] Welcome to Teneo Insights, a podcast that provides in-depth analysis on the issues that matter most to CEOs and their businesses.

I'm Kevin Kajiwara, Global Chair of Teneo's Political Risk Advisory business, and your host for today's conversation. .

Later this week marks the 25th anniversary of the events of 9/11.

A quarter of a century on, and the impact of the events in New York City, Washington, D.C., and Shanksville, Pennsylvania, continue to reverberate geopolitically, economically, in our everyday lives, and especially for those most impacted.

That's why he's been called America's Policeman.

He also spent 15 years on the President's Homeland Security Advisory Council, serving as co-chair for his last two years.

Today, he's the Executive Chairman of Teneo Risk Advisory.

You were the first guest I ever had on what's become Teneo Insights, and it's a pleasure to have you back on, uh, Bill, for the eighth time.

The administrators of collapsed property developer Baffler Group have secured a short-term funding deal to help the company continue operating for another two weeks.

But to reduce costs, administrator Stephen Longley from Teneo was forced to stand down 213 of Baffler's staff, roughly 60% of the head office workforce.

Mr Longley said the administrators have reached a deal with five lenders, which will allow BAFLA to continue operating while administrators attempt to strike a larger deal with the broader lending group for a longer term solution.

The arrangements agreed today allow us to provide the central support required for construction to continue on projects associated with the lenders participating in the funding package.

Yeah.

Like, Teneo do a survey every year, kind of sport- about sports and athletes, and who is the most marketable.

And year after year after year, Katie is always the one who's most popular.

Men, women, urban, rural, young, old, it didn't matter, and people were doubting, "God, would she sell out Croke Park?" Of course, she's going to-

On to story number two, collapsed Sydney property developer Bathla Group owes creditors at least $3.4 billion and work on some of its construction sites could stop as early as Monday.

Administrators Teneo delivered an update today confirming that Bathla owes more than $3 billion to lenders, $145 million to the tax office, another $170 million or so to unsecured creditors and in land tax as well.

Bathla has 45 projects under construction in New South Wales, which are set to deliver around two and a half thousand homes.

Administrators are in talk with five of its 43 lenders to secure enough money to keep some construction going with a deadline of Monday morning.