Press Release: Cuppa Edge Pty Limited—Worrells update

SYDNEY: The Cuppa Edge meeting was adjourned to allow the Voluntary Administrator to complete negotiations with a potential purchaser of the business and settle a proposal for Deed of Company Arrangement with the existing director.

Worrells senior manager Alex Siu has stated that “we are hopeful that a Deed of Company Arrangement involving the sale of business will result in the Café reopening in the near future and a return to creditors” Once finalised the meeting of creditors will be reconvened for creditors to consider approving the Proposal.

If business closures, loss of trade or other challenges are affecting your financial position, or that of your clients, please call Worrells for professional advice on 02 9249 1200.

—ENDS—

 Media enquiries:

Shelley Bornstein
Worrells Solvency and Forensic Accountants
Shelley.bornstein@worrells.net.au



Author details

Christopher Darin

Chris is a Registered Liquidator and associate member of the Institute of Chartered Accountants in Australia. Chris joined the firm as partner of the Sydney firm in July 2008 having been in practice on his own account since 1996. Chris' experience includes all aspects of corporate insolvency and adopts a consultative approach when exploring all financial avenues available to a distressed company. Chris also undertakes corporate advocacy appointments, assisting directors and companies in dealing with their debtors, creditors and other insolvency practitioners.

T: (02) 9249 1214 E:

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