Shannon leslie Byrne
Bedfored
bedford, the Australian disability employment provider, experienced losses totaling $19.3 million from 2022 to 2024, with a $9.5 million loss in 2023-2024. This resulted in an unsuccessful turnaround strategy and led to voluntary administration in July 2025. Later that year, the organization received a $4.4 million bailout from the federal government and a $15 million lifeline from the state government to prevent immediate collapse and maintain operations while seeking a sustainable future for the organization.
Details of the Losses:
Total Losses (2022-24): Approximately $19.3 million.
Recent Annual Loss (2023-24): $9.5 million.
Monthly Burn Rate: The organization reportedly lost over $1 million per month before entering voluntary administration.
Context:
The losses came after a five-year turnaround strategy and the implementation of the National Disability Insurance Scheme (NDIS).
Bedford identified the NDIS as a contributing factor to the financial difficulties in the disability sector.
Government Intervention:
The South Australian government extended a $15 million loan to Bedford to avert liquidation.
The federal government also provided a $4.4 million bailout to sustain operations and explore future options.
Current Status:
Bedford entered voluntary administration in July 2025.
With government assistance, it avoided immediate closure and is now looking for a buyer or a new sustainable path forward.