| Appointment |
Industry |
Summary |
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| 107 Neerim Road |
Construction |
Receivership of a special purpose building and construction company developing residential apartments for the Westwater Group. The development was successfully completed and the apartments sold and settled. |
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| ABMT |
Manufacturing |
Receivership of a textile manufacturer and clothing retail company with annual turnover of AUD$27 million. |
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| ABPM |
Health and Aged Care |
Receivers and Managers of two retirement villages in Sydney, sold as a going concern. |
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| ABPM |
Education |
Receivership resulting in a successful trade-on sale of a 56 place child care centre. |
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| Adcarr Pty Ltd |
Accommodation, Cafes and Restaurants |
| Voluntary Administration of a hotel in Geelong which was successfully sold for $787,500 at auction. | |
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| Advanced lighting and staging systems manufacturer |
Manufacturing |
Voluntary Administration of designer and manufacturer of advanced lighting and staging automation systems for professional theatre, tv and other entertainment applications. Restructured business through a DOCA and business has continued to trade successfully. |
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| AFL Hall of Fame |
Cultural and Recreational Services |
Voluntary administration of the Australian Football League's Hall of Fame and Sensation, a combined museum and interactive games centre. |
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| Allied Bellambi Collieries |
Mining |
Voluntary Administration of the owner/operator of a mine on the NSW South Coast. |
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| Ansett Holdings Ltd |
Transport and Storage |
Trade-on Voluntary Administration of Australia’s No. 2 airline with annual turnover of AUD$3.2 billion. Proceeds from business and asset sales are estimated to total AUD$1 billion. |
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| Bayshore Port Melbourne |
Property and Business Services |
Receivership of a company developing residential and commercial apartments located in Port Melbourne. |
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| Brashs Ltd |
Retail Trade |
KordaMentha employee's were involved in Australia’s first major Voluntary Administration. Annual turnover AUD$500 million. |
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| Confidential Client |
Retail Trade |
Numerous operational, strategic and financial/forecast reviews for publicly listed and privately owned national fashion clothing, accessory retailers and of associated wholesale operations. |
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| Confitt Constructions Pty Ltd
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Construction |
Provisional Liquidation of one of Queensland´s biggest domestic builders with annual turnover of AUD$30 million. The Liquidation resulted in unfair preference recoveries in excess of AUD$500,000 and substantial proceeds from assignments of building contracts.
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| Daswani |
Retail Trade |
Voluntary Administration of retail company with annual turnover of AUD$60 million and operations across Australia including recognisable brands such as "Surf Dive & Ski" and "Coco Kidz". |
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| Digicall |
Communication |
Receivership of the Digicall Group, a mobile phone and fixed wire reseller on behalf of Vodafone. |
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| Dominion Wines Limited |
Agriculture, Forestry and Fishing |
Voluntary administration of contract wine processing company with turnover of AUD$3.3 million. Unsecured creditors received a dividend of 94 cents in the dollar. |
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| Entertainment Promoter |
Cultural and Recreational Services |
Voluntary Administration of ASX listed entertainment and promotions company which was responsible for the presentation of the musicals "Fame" and "Shout". It promoted and presented international performers including Barbara Streisand and John Farnham. |
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| Epic Energy (DBNGP) |
Electricity, Gas and Water Supply |
Receivership of the DBNGP Group (part of the Epic Energy Group of Companies) - the owner/operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), a 1,597 kilometre pipeline regarded as one of Western Australia’s most prominent infrastructure assets.
Appointed by a syndicate of 28 banks owed approximately $1.85 billion, making it the largest Receivership by value in the history of corporate Australia. It was acquired by Hastings Funds Management in 2004. |
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| Fabric Retailer |
Retail Trade |
Receivership of fabric, haberdashery and craft retailer with turnover of AUD$100 million, debts of around AUD$10 million and 1000 employees. |
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| Farmshed Group |
Agriculture, Forestry and Fishing |
Trade on, sale and operations wind down of a rural services internet group. |
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| Farnell & Thomas Ltd |
Manufacturing |
Voluntary Administration of an operator of metal foundries and manufacturer of industrial purpose cutting systems with annual turnover of AUD$60 million |
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| Fincorp Group of Companies |
Property and Business Services |
Voluntary administration and subsequent deed of company arrangement of some companies and liquidation of others. Successful realisation of property assets totalling $204m, with ongoing investigations into the affairs of the companies in liquidation. |
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| Furniture Retailer |
Manufacturing |
Voluntary Administration of national furniture manufacturer, retailer and wholesaler. Restructured through a DOCA and the business continues to trade. |
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| GR Dexter (Wattle Group)
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Finance and Insurance |
One of Australia´s largest non-corporate bankruptcies with an estimated total owing to creditors of AUD$155 million. |
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| Heat Exchanges Ltd |
Manufacturing |
Receivership of a manufacturer of industrial heat exchanging equipment with annual turnover of AUD$50 million. |
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| Heating and BBQ Retailer |
Retail Trade |
Voluntary administration and liquidation of a group of companies that assembled heating appliances and barbeques, which were then sold in the retail outlets. The business was sold and continues to operate. |
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| Hi-Fi Supermarket Pty Ltd |
Retail Trade |
Voluntary Administration of electrical and whitegoods retailer with four stores in metropolitan Melbourne. |
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| Home shopping retailer |
Retail Trade |
Receivership of TVSN group operating a number of businesses, including a 24-hour home-shopping channel and Danoz, an established television retail brand, with an annual turnover of AUD$80 million and 350 employees. The businesses were sold on an individual basis. |
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| IP1 Australia |
Communication |
Receivership of AUD$160 million east west fibre optic cable companies for banking sydicate. Ultimate sale to Telstra Corporation Ltd. |
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| Kendaring Pty Ltd |
Health and Aged Care |
Receivership of partially completed aged care facility and two other aged care facilities. Negotiated with contractors and managed completion and sale of all facilities. |
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| King Bros Bus Group |
Transport and Storage |
Receivership and successful sale of a 200 fleet bus company operating on the mid north coast of NSW. |
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| Landmark Property Syndicates Ltd |
Property and Business Services |
Voluntary Administration and subsequent Liquidation of one of the leading property syndication organisations in Australia with property owned and managed in excess of AUD$250 million.
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| Lewingtons Transport Pty Ltd |
Transport and Storage |
Receivership of Australia's largest livestock carrier with an annual turnover of AUD$50million, employing 260 people, and utilising 200 prime movers and 350 trailers. |
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| Mining Operation |
Mining |
Receivership, trade on and sale of a large mining operation producing oil from shale deposits in Gladstone, Queensland. |
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| Montaigne Pty Ltd |
Property and Business Services |
Receivership/Controllership of rural property with development approval for Marina in Gippsland Lakes region. Property sold and secured creditor repaid in full. |
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| National Parts |
Wholesaling |
Voluntary administration and liquidation of wholesaler of autoparts. |
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| Newmont Yandal Operations Pty Ltd |
Mining |
Voluntary Administration of 14 companies, trading three operational mine sites with over 500 employees. A successful administration provided a 100 cents return to unsecured creditors. |
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| Nonferral Recyclers Ltd |
Manufacturing |
Receivership of a scrap metal trader and nonferrous metal recycler with sites across Australia and with annual turnover of AUD$150 million. |
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| Notani Pty Ltd |
Agriculture, Forestry and Fishing |
Receivership of harness racing stud farm. Business traded through breeding season and property sold. |
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| Omnitel Ltd |
Communication |
Receivership of telecommunications supplier with annual turnover of AUD$20 million. |
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| Packaging Manufacturer |
Manufacturing |
Voluntary Administration of specialized packaging, puzzle and board game manufacturer and designer and wholesaler distributor of puzzles and boardgames. Restructured business through DOCA with secured creditor repaid, employees receiving the majority of their entitlements and a small dividend paid to unsecured creditors. Business continues to trade. |
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| Peridon Scheme |
Health and Aged Care |
Appointed by the Court to investigate and facilitate transfer of retirement village business from an unregistered managed investment scheme to a legal managed investment scheme. |
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| Private Hospital |
Health and Aged Care |
Receivers and Managers of a private hospital in NSW, resulting in a sale of the property and business. |
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| QFS Holdings Ltd (unlisted public co)
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Agriculture, Forestry and Fishing |
Receivership of fruit growing co-operative in the granite belt area of Queensland. Required sale of various businesses and the realisation of substantial real property.
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| Radiata Plantations Limited |
Agriculture, Forestry and Fishing |
Receivership of 28 radiata pine plantations in NSW and Victoria, resulting in full repayment of the secured chargeholder. |
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| Refco |
Finance and Insurance |
Responsible for the sale and wind down of Asian assets for the world’s largest independent derivatives broker, as part of one of the largest corporate insolvencies in the US. |
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| Rich Properties Pty Ltd |
Property and Business Services |
Receivership of inner city commercial building. Renegotiated long term lease with new tenant and assisted mortgagee to realise property. |
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| RMG (Acquisitions) Pty Ltd |
Finance and Insurance |
Receivership of retail debtor book with face value of in excess of AUD$60m. |
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| RoweCom Australia Pty Ltd
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Retail Trade |
Voluntary Administration of one of Australia´s leading Subscription Agences with an annual turnover of AUD$14 million. The Administrators acheived a sale of the business to an international subscription agency.
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| Salmon Producer |
Agriculture, Forestry and Fishing |
Receivership of Australia’s largest salmon producer with annual sales of AUD$90 million. Competitor acquired whilst in receivership. Combined entities sold via IPO. |
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| Scape Entertainment Ltd |
Cultural and Recreational Services |
Voluntary Administration of an online entertainment website. |
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| Scuse Me Pty Ltd (Diamond Creek) |
Property and Business Services |
Receivership of 43 lot residential subdivision. Negotiated with contractors, completed subdivision and managed sale process. Secured creditor paid in full with surplus funds paid to Liquidator. |
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| Scuse me Pty Ltd (Skye) |
Property and Business Services |
Receivership of 97 lot residential subdivision. Negotiated with contractors, completed subdivision and managed sale process. Secured creditor paid in full with surplus funds paid to Liquidator. |
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| Sterling Group of Companies |
Property and Business Services |
Voluntary Administration of property developer and owner of the large City Quarter residential development in Camperdown, Sydney. Resulted in a successful sale of the final stage (Stage 6). |
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| Stockford Ltd |
Property and Business Services |
Voluntary Administration of 84 companies comprising 42 separate accounting practices Australia wide with 900 employees. All accounting practices sold with a first dividend of 50c and a second dividend of 15c paid to unsecured creditors. |
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| Supported Residential Services |
Health and Aged Care |
Receivership of two Supported Residential Services facilities. Traded businesses whilst going concern sales negotiated. |
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| Textile Manufacturer |
Manufacturing |
Receivership of one of Australia’s oldest textile manufacturers specializing in denim, with annual turnover of AUD$150 million. Approx. AUD$50 million realised from business & asset sales. |
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| Timbercorp |
Agriculture, Forestry and Fishing |
Voluntary Administration of 41 companies and 35 managed investment schemes. Maintained and arranged sale of 100,000 eucalypt plantations, 10,000 hectares of olive groves and 12,000 hectares of almond trees. Total asset value in excess of $1billion.
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| Vardon Golf Company Pty Ltd |
Wholesaling |
Voluntary Administration of golf equipment and supplies wholesaler that serviced a network of 25 retail stores. |
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| Viculus Group |
Health and Aged Care |
Receivership of an aged care facility in Melbourne with 60 bed licences (40 high care and 20 low care). Traded the facility as a going concern whilst a sale of business (including land and buildings) was conducted and completed shortly thereafter to an approved provider. |
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| Walter Construction Group |
Construction |
Voluntary administration of mining, engineering and building company as a result of troubles in its German parent, Walter Bau AG. It had 20 building and engineering projects and seven mining contracts, mainly in NSW and Queensland with over 1000 employees. |
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| Watts & Hughes (Qld) Pty Ltd
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Construction |
Voluntary Administration of commercial builder with turnover of AUD$35 million. Structuring of Deed of Company Arrangement resulted in saving the corporate entity.
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| Wave Master International |
Manufacturing |
Voluntary administration of Henderson boat builder, which was subsequently placed into liquidation to investigate the dealings of its Malaysian parent company, PSC Industries, and pursue potential recovery actions against the Malaysian conglomerate. |
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| Westwater Construction |
Construction |
Receivership of a building and construction company developing a residential subdivision and dwellings for the Westwater Group. The appointment involved completing construction defects and managing the successful sale of remaining dwellings. |
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| Witchwood Enterprises Pty Ltd |
Property and Business Services |
Receivership of a special purpose development company undertaking a 30 unit residential development in North Melbourne. |
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