Australian Apex Education Pty Ltd, Ability English (Ability Education Pty Ltd), Ability International College (Children Services Education Pty Ltd)
Sydney: On 27 April 2021, the directors of the above listed companies appointed Andrew Blundell of Worrells Solvency Accountants as Liquidator. The companies have ceased trading.
Australian Apex Education Pty Ltd, Ability Education Pty Ltd (Ability English) and Children Services Education Pty Ltd are leading providers of English and vocational education for both domestic and international students. Ability English and Children Services Education Pty Ltd operate from campuses in both Sydney and Melbourne.
Mr Blundell said “We recognise that there are numerous stakeholders including employees and the students participating in programs that were being run by the companies who are greatly concerned as to the outcome of the liquidation process and the future of their studies. We are working quickly with the relevant stakeholders to work through all available options.”
Mr Blundell commented that “the drop in international student enrolments following border restrictions due to COVID significantly affected the companies’ financial position leaving the directors with the regrettable but difficult decision to engage a liquidator.”
Worrells is seeking parties who may be interested in making offers to purchase businesses/business assets through a national sale campaign.
“As part of our process, we are urgently conducting a sales campaign for the businesses and business assets and encourage any parties that wish to indicate their interest in investing/purchasing one or both of the Companies businesses to contact us via email at firstname.lastname@example.org”
Worrells appreciates the impact the appointment has on affected parties. It will continue to proactively communicate at each juncture of the process.
Worrells has 32 offices nationally and 26 partners, across Qld, NSW, ACT, Vic, SA, and WA. Worrells has been providing solvency management, insolvency administration, and forensic investigation services for over 48 years.
Marketing Manager, Worrells Sydney