The 2008 & 2009 Casualty List
There have been a rash of insolvency and restructuring appointments in 2008 and 2009. We have provided below a list of the larger corporate casualties and who has been appointed.
October 2009
Mannway Logistics
Receivers: George Georges, Brendan Richards and Morgan Kelly from Ferrier Hodgson
May 2009
Great Southern Plantations:
Voluntary Administrator: Martin Jones, Andrew Saker, Darren Weaver and James Stewart from Ferrier Hodgson
Austcorp Group:
Brian Silvia and Martin Green from BRI Ferrier
April 2009
Timbercorp
Voluntary Administrator: Mark Korda and Leane Chesser from Korda Mentha
Kleenmaid:
Voluntary Administrator: John Grieg, Richard Hughes and David Lombe from Deloitte
March 2009
Babcock & Brown Limited:
Voluntary Administrators: David Lombe and Simon Castro from Deloitte
February 2009
Nylex Limited:
Receiver: Colin Nicol, Johan Vorster and Sam Davies from McGrathNicol
Voluntary Administrator: George Georges and John Lindholm
January 2009
Strathfield Car Radio:
Voluntary Administrator: Brian Silvia and Andrew Cummins from BRI Ferrier
Australian Discount Retail (Go-Lo, Crazy Clark's, Sam's Warehouse):
Receiver: James Stewart from Ferriers
Voluntary Administrator: David Lombe and Simon Castro from Deloitte
Storm Financial:
Receiver: David Winterbottom, Bill Buckby and Robert Hutson from Korda Mentha
Voluntary Administrator: Ivor Worrell and Rajendra Khati from Worrells
Australis Aquaculture:
Voluntary Administrator: Mervyn Kitay from WHK Horwath
December 2008
Global Machinery Company:
Receiver: Korda Mentha
Voluntary Administrator: PPB
Herringbone:
Voluntary Administrator: Martin Green from BRI Ferrier
November 2008
Allco Finance:
Receiver: Steve Sherman and Peter Goddard from Ferrier Hodgson
Voluntary Administrator: Tony McGrath and Joseph Hayes from McGrathNicol
ABC Learning Centres:
Receiver: Chris Honey from McGrathNicol
Voluntary Administrator: Greg Moloney and Peter Walker
Court Receiver: Steve Parbery from PPB
Freightlink:
Receiver: Martin Madden from Korda Mentha
Voluntary Administrator: Steve Parbery from PPB
Copperco:
Receiver: Darren Weaver, Andrew Saker and Peter Geroff from Ferrier Hodgson
Voluntary Administrator: Shaun Fraser, Simon Read and James Thakery from McGrathNicol
Absolute Capital Group:
Voluntary Administrator: Tony McGrath and Joseph Hayes from McGrathNicol
October 2008
Lehman Brothers (Australia):
Voluntary Administrator: Stephen Parbery and Neil Singleton from PPB
Petrac:
Receiver: Will Colwell and Peter Geroff from Frrier Hodgson
Mariner Treasury Limited:
Receiver: Tony McGrath and Joseph Hayes from McGrathNicol
Momentum Mortgages Limited:
Receiver: Tony McGrath and Joseph Hayes from McGrath Nicol
Grenfell Securities Limited:
Receiver: Tony McGrath and Joseph Hayes from McGrathNicol
September 2008:
MFS/Octavius:
Receiver: Stephen Parbery and Anthony Sims from PPB
Voluntary Administrator: John Greig and Nicolas Harwood from Deloitte
Limdaning (Raptis Group):
Receiver: Korda Mentha
Asset Loan Group:
Voluntary Administrator: John Greig and Richard Hughes from Deloitte
August 2008
Commander Communications:
Reeiver: Peter Anderson, Chris Honey and Joseph Hayes from McGrathNicol
Voluntary Administrator: Max Donnelly and Steve Sherman
Hastings Capital Limited:
Receiver: Tony McGrath and Joseph Hayes from McGrathNicol
July 2008
Bill Express:
Voluntary Administrator: Ian Carson and Craig Cosby from PPB
Chimaera/Primbroke Securities Limited:
Receiver: Paul Kirk and Stephen Longley from PwC
April 2008
Lift Capital Partners:
Voluntary Administrator: Tony McGrath and Joseph Hayes from McGrathNicol
March 2008
Opes Prime:
Receiver: Chris Campbell from Deloitte
Voluntary Administrator: John Lindholm from Ferrier Hodgson
