On 24 July 2024, Graeme Beattie and Matthew Kucianski of Worrells were appointed Liquidators of Emerging Energy Solutions Group Pty Ltd (“ESSG”).
Mr Beattie said “From our discussions with the Director and our preliminary enquiries, we understand that ESSG operated as a trader and creator of environmental certificates, which included Small Scale Technology Certificates (STC), Large Scale Technology Certificates (LGC) and other carbon credits.
The liquidation process is in its infancy, and we are working towards establishing the company’s financial position, including identifying assets available for realisation and quantifying creditors’ claims.
We are presently liaising with the appropriate regulatory bodies, such as the Clean Energy Regulator, to establish in accordance with the Company’s obligations under the relevant legislation.
At this time, we are unable to confirm whether there will be surplus assets which may be available for distribution. We intend to provide regular updates to creditors and other stakeholders as further information becomes available.
We are conscious of the number of stakeholders impacted by the liquidation and welcome any person(s) who has any information which may be of assistance to the Liquidators to contact our office.”
Creditors, stakeholders and employees may submit their claims via our file information portal at www.worrells.net.au and can direct all enquiries to westernsydney@worrells.net.au.
Worrells advises it will continue to give updates as they become available.
Worrells is the leading brand of insolvency and turnaround teams. With local teams in NSW/ACT, Qld, Vic, and WA, Worrells also has the support of a national brand. Its teams have helped people and business recover from difficult financial situations and assisted the creditors attached for over 50 years.
–ENDS–
Graeme Beattie
Principal, Worrells
Western Sydney Office
graeme.beattie@worrells.net.au