Victory Offices appoints voluntary administrators but maintains company is solvent
- thewilliamsmith
- Nov 11, 2022
- 1 min read

Co-working and flexible workspace services provider Victory Offices (ASX: VOL) has today entered into voluntary administration, citing the impact of COVID-19 on its operations as the reason behind its downfall.
However, the company maintains it is currently solvent, but notes it is likely to become insolvent at some future point in time - hence the appointment of DV Recovery Management (DVRM) as voluntary administrators.
In an ASX statement, Victory Offices says it is looking to recapitalise the business to ensure it can emerge from the period of voluntary administration in a stronger financial position.
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