The receivers assured customers that in-store and online orders that had been paid for, or part-paid for, would be honoured.<\/p>\n
Franchises are not expected to be impacted by the appointments and restructuring.<\/p>\n
However, customers can only use their gift cards if they spend twice the card’s value in cash.<\/p>\n
There are 68 company-owned stores and 27 franchise stores.<\/p>\n
“Receivership focuses on maximising the returns for the appointer of the receiver, and it allows the company to continue trading,” Montgomery Investment Management founder and chief investment officer Roger Montgomery said.<\/p>\n
“The primary purpose of the receiver is to recover a specific debt for a secured creditor.”<\/p>\n
Insufficient cash to meet debts<\/p>\n
Liquidity issues have been cited as the primary reason for the collapse.<\/p>\n
“Management was excited to turn around the business and move to the next evolution of the brand,” CEO David White said.<\/p>\n
“Considerable progress has been made in recent months, leading to significant improvements across the business and operations; however, ongoing liquidity challenges have led to the necessary restructuring of the business.”<\/p>\n
![\"A](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/02\/e4fb4dfef3a520ca7ae0c39de18ac9df.jpeg\")
<\/p>\n
Receivers will explore restructure or sale as options for Barbeques Galore. (Supplied)<\/p>\n
Mr Montgomery said this meant there was “an insufficient quantum of cash or receivables and inventory to meet short-term debts”.<\/p>\n
If the debts are not recovered, the company may opt to move into voluntary administration or liquidation.<\/p>\n
The company is now earmarked for a restructure or sale.<\/p>\n
Uncertainty for 500 staff<\/p>\n
Receivers Quentin Olde, Luke Pittorino and Liam Healey of Ankura said Barbeques Galore would continue normal operations under receivership as future options were evaluated, including exploring a potential sale.<\/p>\n
It has left many question marks for nearly 100 Barbeques Galore stores that employ about 500 staff.<\/p>\n
“It’s hard to know where it will end up without seeing the financial position of the company,” Mr Montgomery said.<\/p>\n
He said the make-up of the home improvement and building supplies market had changed considerably in recent years.<\/p>\n
“Bunnings has moved aggressively into supplying barbecue equipment at cheaper prices,” Mr Montgomery said.<\/p>\n
“There’s been a fragmentation of the market and an increase in smaller suppliers focusing on high-end products where Barbeques Galore once dominated.”<\/p>\n
The receivers will communicate with key stakeholders, including suppliers, franchisees and landlords, in the coming days regarding arrangements for the receivership.<\/p>\n
The first creditor meeting will likely be held on February 24.<\/p>\n","protected":false},"excerpt":{"rendered":"Barbeques Galore has plunged into receivership after efforts to find a buyer for the business failed. The company…\n","protected":false},"author":2,"featured_media":474869,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[242054,64,63,242050,99,242052,191103,242053,39493,242051],"class_list":{"0":"post-474868","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ankura","9":"tag-au","10":"tag-australia","11":"tag-bareques-galore","12":"tag-business","13":"tag-business-enters-administration","14":"tag-grant-thornton","15":"tag-retail-businesses-struggling","16":"tag-voluntary-administration","17":"tag-what-happens-to-my-barbeques-galore-gift-card"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/474868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=474868"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/474868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/474869"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=474868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=474868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=474868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}