Bevilles is an 80 year-old family business specialising in jewellery.

“How do they create this magic, this fairy-tale? The business today... after the restructure and having Mawson help me with the process... it’s a completely transformed business and it’s really my dream business now.”

Michelle Beville, Managing Director


  • The business was on the brink of insolvency and had already received pre-appointment insolvency advice that unsecured creditors would receive a return of 20-30 cents in the dollar.

  • Bevilles was operating 26 retail stores in shopping centres while employing over 350 staff nationwide.

  • The business had limited cash flow and was under mounting pressure from creditors.


  • Developed a financial model and turnaround plan to provide confidence to major stakeholders.

  • Identified that occupancy costs were too high and the average store size needed to be reduced by 40 per cent.

  • Procured support of the business's key stakeholders, both locally and internationally.

  • Negotiated commercial arrangements with all key stakeholders.


  • Saved an 80 year-old family business.

  • Retained 250 jobs.

  • Returned 90 cents in the dollar to unsecured creditors, compared to the initial advice of 20-30 cents.

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This website is published by Mawson Capital Solutions Pty Ltd (AFSL: 444283). The information on this website is of a general nature only, and does not take into account your personal circumstances, financial situation or needs. Mawson Capital Solutions and its related entities are only authorised to provide financial services to wholesale clients, as defined in section 761G of the Corporations Act.