On 12 June 2024, Scott Andersen and Nathan Deppeler of Worrells were appointed voluntary administrators of U&I Inclusions (Australia) Ltd (U&I).
U&I has been providing personalised disability services to 37 participants in the Geelong, Bellarine and Surf Coast Area. The Company has approximately 37 employees, including full time, part time and casual employees, trading from a purpose-built facility in Moolap owed by the Company.
The difficult decision to place the Company into voluntary administration was made as a result of the loss of revenue due to the reduction in participant numbers.
Immediately following the appointment, the Administrators conducted an urgent assessment of the viability of the business. Unfortunately, due to the entity’s financial position, it was determined that services could no longer be provided, and the entity would cease trading on 13 June 2024.
Mr Andersen outlined “we understand that participants relied on the valuable programs offered by U&I and we are mindful of the impact that this will have to the participants. To this end we are working closely with the National Disability Insurance Agency to ensure the smoothest transition possible for participants, with the aim of minimising interruptions to the services they receive”.
Mr Andersen said “It is a sad day for the Geelong community when an organisation such as this is unable to continue operations. The organisation was providing much needed and valuable assistance to vulnerable members of the Geelong community.”
The Administrators will now look to proceed with the Administration which will include:
Investigations into the affairs of the entity;
Provide updates and reports to parties affected by the appointment of Administrators; and
Taking steps to engage with the local market regarding the sale of the property owned by the Company from where the entity previously operated.
Mr Andersen said, “This is a difficult time for everyone involved, and we will do our utmost to support all stakeholders throughout the process. Our team is committed to ensuring that the process is conducted in a professional and transparent manner, and that all parties are kept informed of developments as they arise.”
Worrells advises it will continue to give updates as they become available.
Creditors and concerned parties regarding the voluntary administration are invited lodge a proof of debt via the Worrells website www.worrells.net.au.
Please direct all enquiries to uandi@worrells.net.au.
–ENDS–
Scott Andersen
Principal, Geelong & Melbourne
scott.andersen@worrells.net.au