Expertise Global Restructuring & Turnaround

Bidstack Limited

SECTOR

Advertising Technology

BUSINESS DESCRIPTION

AIM listed holding company for the Bidstack Group, which operates in the advertising technology and gaming markets, focusing on dynamic advertising placements.

DATE

March 2024​

SITUATION

  • Due to ongoing losses and issues in accessing further funding the Group suffered from increasing liquidity constraints, unable to support ongoing operations.​

A&M ROLE AND OUTCOME

  • A&M was engaged in February 2024 to commence an accelerated sales process.
  • We marketed the Group to trade parties, financial investors and turnaround specialists as part of the process in an expedited timeframe.
  • A sale of the business and assets was completed to Virtual Sport Technology Ltd shortly following the appointment of individuals from A&M as joint administrators. 
  • As a result of the transaction all employees maintained their employment, customer contracts were preserved and the majority of group creditors were taken on by the purchaser.​
Thought Leadership
THE A&M DISTRESS ALERT
March 13, 2025
The ADA assesses the robustness of balance sheets and earnings of thousands of companies across 33 countries, identifying companies that are in financial distress, as well as those with weak balance sheet robustness or weak performance.
Thought Leadership
A&M Swiss Debt Restructuring Moratorium Survey highlights record uptick in 2023
January 24, 2025
Alvarez & Marsal's new Swiss Debt Restructuring Moratorium Survey reveals a significant rise in procedures in Switzerland for 2023.
Press Releases
Surge in Swiss Debt Restructuring Moratoriums in 2023
January 24, 2025
The annual study released by global professional services firm Alvarez & Marsal (A&M) reveals a substantial increase in the use of debt restructuring moratoriums in Switzerland during 2023.
Thought Leadership
Rich Newman and Conrad Ragan Featured in The Credit and Financial Management Review
January 8, 2025
A&M Managing Director Rich Newman and Director Conrad Ragan were recently featured in The Credit and Financial Management Review, where they explore the impact of LMEs on credit markets, including increased litigation, risks to creditors, and market distortions.
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