Our Press Releases
Here, you will find press releases relating to administrations Worrells are managing, and firm-related press releases.
Here, you will find press releases relating to administrations Worrells are managing, and firm-related press releases.
The Port Albert Seabank Caravan Park dates back to 2002 and is located at 95 Old Port Road, Langsborough, a coastal town in Victoria. Set on 18 acres it has 130 large powered sites, on-site cabins, vans and units, camping, boating, amenities, facilities. Seven permanent residents call the caravan park home.
Today, deed administrators, Scott Andersen and Nathan Deppeler of Worrells Solvency and Forensic Accountants terminated Geelong Mood Support Group Inc.’s Deed of Company Arrangement (DOCA) in accordance with the powers provided under the DOCA. The termination of the DOCA has resulted in Geelong Mood Support Inc. automatically being placed into liquidation with immediate effect.
Adelaide Hills local and veteran Worrells manager, Nathan Schwarz, is on the ground and ready to help the business community with the answers and options they need in this steadily unnerving economic climate.
Worrells Solvency & Forensic Accountants continues to grow with the addition of a new Associate Partner, Alex Siu to the NSW and ACT business.
On 23 September, Josh Frydenberg on behalf of the Morrison government, announced its intention to introduce a new insolvency process for small businesses—the most drastic reform to insolvency law in Australia in the last 30 years.
Colac R.S.L. Inc’s creditors voted in favour for the Deed of Company Arrangement (DOCA) as proposed by the association’s management committee and the Colac & District Football Netball League Inc.
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...
On 7 July 2020, Scott Andersen and Nathan Deppeler of Worrells Solvency and Forensic Accountants were appointed voluntary administrators of Geelong Mood Support Group Inc, which trades as Mind Works Geelong.
On 1 July 2020, Jason Bettles of Worrells Solvency and Forensic Accountants was appointed voluntary administrator of Travelsim Australia Pty Ltd (Travelsim).
SYDNEY: Christopher Darin, Partner at Worrells was appointed Voluntary Administrator of Cuppa Edge Pty Ltd. As part of the Voluntary Administration process, Mr Darin will review the company’s position and reasons for failure.
On 15 May 2020, Scott Andersen and Ivan Glavas of Worrells Solvency and Forensic Accountants were appointed voluntary administrators of Organic Dairy Farmers of Australia Limited (ODFA). Established in 2002 as a co-operative, today ODFA remains 100% owned by more than 40 family farmers who supply fresh, organic milk from three main dairy regions of Victoria, as well as central, and North-West Tasmania.
On 25 February 2020, Con Kokkinos and Matthew Kucianski of Worrells Solvency and Forensic Accountants were appointed voluntary administrators of the Heathmont Pre School & Kindergarten.
Worrells is urging business owners and directors to stay vigilant of their business performance and identify any business operations susceptible to being impacted by the ongoing Coronavirus crisis.
With numerous companies already affected by the disruption to their normal operations, Worrells Solvency and Forensic Accountants are urging businesses experiencing financial challenges to seek professional assistance early.
Christopher Darin, Partner at Worrells was appointed as Liquidator of Mister Dee’s Kitchen Pty Ltd and Voluntary Administrator to Parramatta Phoenix Pty Limited to review each company’s position and reasons for failure.
Following an approach from company directors, Graeme Beattie, Partner at Worrells was appointed as Voluntary Administration of KNet Technology Pty Ltd, the main trading entity, to review the company’s position and options available. During period of administration, the company ceased to trade and Mr Beattie was appointed liquidator on 2 December 2019.
The Administrators of the companies comprising the well-known restaurant group are preparing a leaner and hungrier Criniti’s for sale as a going concern, with the hunt for a new owner likely to commence next week.
The liquidators of White Ribbon Australia are pleased to announce that the net assets of White Ribbon Australia have been acquired by Communicare Inc.
The Directors of Criniti Restaurant Group at a meeting held on 18 November 2019 appointed Mr Graeme Beattie, Mr Aaron Lucan and Mr Christopher Darin, partners of Worrells Solvency and Forensic Accountants NSW & ACT, as Administrators of the companies.
On 7 November 2019 ASIC applied to the Federal Court seeking an inquiry into the conduct of Jason Bettles, Partner of Worrells Gold Coast and Northern Rivers. Jason continues to have the firm’s full support. His practice and leadership within the firm remain unaffected and we’re ready and willing to assist him address ASIC’s concerns in the Federal Court setting.
On 12 November 2019, Nathan Deppeler and Mathew Jess of Worrells Solvency and Forensic Accountants terminated AGB Training Group Pty Ltd.’s Deed of Company Arrangement (DOCA) in accordance with the powers provided under the DOCA. The termination of the DOCA has resulted in AGB Group being placed into liquidation with immediate effect.
On 21 November 2018, the creditors of registered training organisation, AGB Group Pty Ltd voted in favour of a Deed of Company Arrangement (DOCA) as put forward by the company’s director. Nathan Deppeler and Matthew Jess of Worrells Solvency and Forensic Accountants were appointed deed administrators.
In response to media reporting of 22 October 2019 that White Ribbon Canada (WRC) “is attempting to seize back the intellectual property of its Australian White Ribbon offshoot”, Mr Aaron Lucan, a liquidator of White Ribbon Australia Limited (WRA), said “Since receiving a letter of demand from White Ribbon Canada on 15 October, and despite numerous requests and an open invitation to talk through their claims and concerns, we’ve received no correspondence evidencing a legitimate ownership interest in the assets of White Ribbon Australia.
The IGA Goodna store is being independently operated by a third party while a buyer is sought. The IGA Boronia Heights store is no longer being traded by Worrells and is now being traded by an independently operated third party under a licence agreement. Offers to buy the IGA Boronia Heights store have been sourced by Worrells’ engaged broker, which are being assessed.
OM Mahalaxmii Pty Ltd was operating two IGA supermarkets at the time of liquidation, however Worrells remind all parties that all IGA stores are independently owned and operated.
Members at a general meeting of White Ribbon Australia Limited held on 2 October 2019 have appointed Aaron Lucan and Graeme Beattie, partners of Worrells Solvency and Forensic Accountants NSW & ACT, as liquidators of the company.
Worrells Solvency & Forensic Accountants has announced the opening of the Worrells Capalaba office.
Following the 2014 appointment of Worrells Partners, Morgan Lane and Michael Griffin, as liquidators of the Indooroopilly Bowls Club Inc., the property has now been sold for $1.3 million.
The assets of Remapak, one of Australia’s leading end to end packaging solution providers, will be sold with the company entering into liquidation. This follows the termination of the Deed of Company Arrangement (DoCA) intended to enable the business’s restructure and ongoing operation.
Worrells Solvency & Forensic Accountants has announced the opening of the Worrells Chermside office.
We hope you have found all the relevant information. However in the unlikely event you have not, please don’t hesitate to contact us.