Inventis announces voluntary administration

Inventis (ASX:IVT) has announced that its commercial furniture division, along with certain service entities, has entered Voluntary Administration as of June 20, 2025. The entities affected include Basset Furniture Pty Ltd, Gregory Commercial Furniture, and others. The company retains ownership of its technology and defense-related businesses, which are believed to have strong growth potential.

Summary of Inventis' strategic moves

Inventis has placed its commercial furniture division and certain service entities into Voluntary Administration, appointing Simon Cathro as Administrator. While these entities are undergoing administration, Inventis continues to focus on its technology and defense businesses, which hold promising growth prospects. The company is in talks with its funder, THN Group, regarding current financial arrangements, including potential debt restructuring. Discussions include a possible debt-to-equity rearrangement to strengthen the company's financial position. Inventis is also considering asset sales to manage its debt, subject to THN Group’s approval. The Board proactively seeks financial solutions to support ongoing operations and future growth.

Executive commentary on the administration

The decision to place the commercial furniture division into Voluntary Administration was made to explore financial outcomes beneficial to the Group. We remain committed to our technology and defense sectors, which we believe have strong growth potential.