On 5 April 2024, Christopher Darin and Joanne Keating of Worrells were appointed voluntary administrators of Viridi Group Pty Ltd.
Viridi Group Pty Ltd has operated since 2020 as an off-site manufacturer of prefabricated building products and solutions in New South Wales, across multiple markets including volumetric cabins, emergency temporary accommodation, defence projects and the supply of infrastructure in the education sector.
The director has advised that the company has sought the appointment of voluntary administrators predominantly as a result of the temporary suspension of a government contract, and to protect the interests of all key stakeholders.
Mr Darin said, “the director appointed voluntary administrators as the only responsible course of action available after urgently exploring financial options and seeking professional advice from several parties. This decision has been an extremely difficult one.
The administration process is in its infancy and we’re working hard to immediately establish the Company’s financial position and operations of the business, in order to continue to trade the business in a limited capacity during the Voluntary Administration. We are conscious and understanding of the impact the appointment will have on everyone involved, particularly employees and creditors.”
Affected creditors and stakeholders are requested to submit their claims via our file information portal at www.worrells.net.au and can direct all enquiries to Worrells to discuss any matters and/or provide information to assist the administrators’ investigations.
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 Qld, NSW/ACT, Vic, and WA, Worrells also has the support of a national brand. Its teams has helped people and business recover from difficult financial situations and assisted the creditors attached for over 50 years.
–ENDS–
Christopher Darin
Principal, Sydney
chris.darin@worrells.net.au