Our Press Releases
Here, you will find press releases relating to administrations Worrells are managing, and firm-related press releases.
Press Release: Geelong Mood Support Group Inc enters liquidation
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.
Press Release: Worrells local on the ground and ready to help South Australians
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.
Press Release: New Worrells Partner promoted from the ranks
Worrells Solvency & Forensic Accountants continues to grow with the addition of a new Associate Partner, Alex Siu to the NSW and ACT business.
Press Release: New insolvency process proposed—Worrells’ response to government announcement
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.
Press Release: Colac R.S.L. Inc Executes Deed saving the business and use of historic community venue
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.
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...
Press Release: Geelong Mood Support Group Inc enters voluntary administration
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.
Press Release: Travelsim Australia Pty Ltd enters voluntary administration
On 1 July 2020, Jason Bettles of Worrells Solvency and Forensic Accountants was appointed voluntary administrator of Travelsim Australia Pty Ltd (Travelsim).
Press Release: Worrells Appointed to Cuppa Edge Pty Limited
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.
Press Release: Organic Dairy Farmers of Australia enters voluntary administration
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.
Press Release: Heathmont Pre School & Kindergarten enters voluntary administration
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.
Press Release: National assistance for businesses experiencing financial difficulties due to the Coronavirus
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.
Assistance available to businesses experiencing financial difficulties as a result of Coronavirus
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.
Worrells Appointed to Mister Dee’s Kitchen Pty Ltd and Parramatta Phoenix Pty Limited
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.
Press Release: Worrells appointed to Knet Technology Pty Ltd and Knet Enterprises Pty Ltd
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.
Press Release: Criniti’s Restaurants—Italian chain slims down for suitors after shedding five locations
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.
Press Release: Worrells’ liquidators find a new home for White Ribbon Australia
The liquidators of White Ribbon Australia are pleased to announce that the net assets of White Ribbon Australia have been acquired by Communicare Inc.
Press Release: Criniti Group appoints Worrells as administrators
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.
Press Release: ASIC media release 19-306MR RE Jason Bettles
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.
Press Release: AGB Training Group enters liquidation
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.
Press Release: AGB Training (subject to Deed of Company Arrangement)
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.
Press Release: Response to media reports regarding the intellectual property assets of White Ribbon Australia
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.
Press Release: Worrells appointed liquidator to IGA Goodna and IGA Boronia Heights
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.
Press Release: Worrells appointed liquidator to IGA Goodna and IGA Boronia Heights
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.
Press Release: White Ribbon Australia appoints Worrells as liquidator
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.
Media release: Worrells finds a home in Capalaba
Worrells Solvency & Forensic Accountants has announced the opening of the Worrells Capalaba office.
Press Release: Indooroopilly Bowls Club Inc. sold
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.
Press Release: Remapak Transitions from Voluntary Administration to Liquidation—Assets for Sale.
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.
Media release: Worrells finds a home in Chermside
Worrells Solvency & Forensic Accountants has announced the opening of the Worrells Chermside office.
Press Release: ADE Electrical Pty Ltd in liquidation
On 31 July 2019, the director and shareholders of ADE Electrical Pty Ltd appointed Morgan Lane of Worrells Solvency & Forensic Accountants as liquidator.
Our News Articles
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