Company insolvency services

Company insolvency services is a core offering of BRI Ferrier and our experience has given us acute insight into the difficulties encountered by businesses and individuals in the face of closure and personal loss.

With an international team of 21 Registered and Official Liquidators we have acted on behalf of banks, company directors, business owners, legal advisors, creditors, inventors and regulators across a broad range of industries including agribusiness, financial services, logistics, manufacturing, mining, property, retail and tourism and hospitality.

Services include:

We listen to our stakeholders to understand their objectives and determine a course of action to maximise their return.  Protecting creditors’ interests, maximising realisations, managing creditor claims and where appropriate pursuing recoveries available only to liquidators are all elements of successful liquidations.

 

Our experience includes:

Voluntary administrator of AE&E Australia Pty Ltd

Voluntary Administrator of AE&E Australia Pty Limited, a provider of thermal power generation and environmental technology. The company had no working capital to continue operations and was midway through the construction of a $550+ million power station.  AE&E were also guarantors for a €300 million loan for their Austrian parent. We worked with financiers and unions to stabilise the project and fund completion of the plant and pay 250 employees adn contractors. Subsequently the company and assets were sold and legal proceedings have been initiated against a former AE&E client to recover debts of $120 million.

Liquidator of SA Ships

Liquidator to SA Ships, a ship building company that had continued to trade while insolvent. Of the five liable Directors, settlements were secured with four. The appointee then led the prosecution of Scott v Williams and Anor which judged the fifth Director guilty of insolvent trading. The appointee appealed the payout figure awarded by the judge and the matter was settled through mediation. At the time, this was one of the most significant insolvent trading claims in Australia.

Provisional and official liquidator to Hartogen Oil and Gas Group

Provisional and Official Liquidator to Hartogen Oil and Gas Group, an oil and gas prospector (now Origin Energy). Maintaining their exploration and production program, we sold key tenements and managed the sale of an associated company, Consolidated Petroleum Australia NL. A major preference claim was also initiated against the company’ major shareholders which recovered approximately $25 million for unsecured creditors.

Administrator and liquidator of the Wideform Group

Voluntary Administrator and then Liquidator to the Wideform Group of Companies, a large formwork and construction business with 12 companies and over 700 employees. With debts of $270 million and over 1900 creditors, we resolved competing creditor interests and recovered over $10 million from the ATO in relation to unfair preference payments for the benefit of secured, priority and unsecured creditors.

Administrator and liquidator of Knightbridge Finance Pty Ltd

Administrator then Liquidator of Knightsbridge Finance Pty Ltd, one of the largest mortgage brokers and mortgage investment managers in WA. Knightsbridge had approximately $21 million invested in their mortgage schemes through one ASIC-registered managed investment scheme involving several hundred investors. Key debts were recovered and either 100 per cent of capital or 100 per cent capital and interest were returned to creditors.

If you would like to explore solutions to your specific challenges, please contact us for a confidential discussion.

Who to contact
Alan Scott 
Alan Scott
Principal
+61 8 8233 9900 | alan.scott@briferriersa.com.au
Amanda Atkins 
Amanda Atkins
Director, Chapman Atkins
+64 9 215 4762 | amanda@chapmanatkins.co.nz
Andre Strazdins 
Andre Strazdins
Principal
Andrew Cummins 
Andrew Cummins
Principal
Antony Resnick 
Antony Resnick
Principal
Brian Silvia 
Brian Silvia
Principal
Des Munro 
Des Munro
Director
Glenn Miller 
Glenn Miller
Principal
Ian Currie 
Ian Currie
Principal
+61 7 3220 0994 | ian.currie@briferriersq.com.au
Ian Jessup 
Ian Jessup
Principal
+61 7 4755 3300 | ian.jessup@briferriernq.com.au
James Koutsoukos 
James Koutsoukos
Principal
John Carrello 
John Carrello
Principal
John Goggin 
John Goggin
Principal
Lucy Vecchio 
Lucy Vecchio
Director
Maris Rudaks 
Maris Rudaks
Director
Martin Green 
Martin Green
Senior Consultant
Michelle Shackles 
Michelle Shackles
Consultant
Moira Carter 
Moira Carter
Principal
Nichole Chan 
Nichole Chan
Principal
Peter Krejci 
Peter Krejci
Principal
Rowan Chapman 
Rowan Chapman
Director, Chapman Atkins
+64 9 215 4762 | rowan@chapmanatkins.co.nz
Robert Humphreys 
Robert Humphreys
Principal
Stephen Briscoe 
Stephen Briscoe
Managing Director
Teck Meng Wong 
Teck Meng Wong
Executive Director
Brett Lennane 
Brett Lennane
Consultant
Costa Nicodemou 
Costa Nicodemou
Director
John Keenan 
John Keenan
Director

Capability Statement

Company insolvency services Company insolvency services

Company insolvency services is a core offering of BRI Ferrier. Our… Find out more

How we've helped others

Trans Pacific Insurance Corporation Limited

Appointed Liquidator to Trans Pacific Insurance Corporation Limited (TPIC), an insurer owing $39… Find out more