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A.C.N. 603 323 182 LIMITED (ASX.AXL)

ASX Announcements (courtesy of ASX)


ASX, Legal & CGT Status
Former (or subsequent) names
A.C.N. 603 323 182 LIMITED15/10/2019
Shareholder links


Link Market Services Limited Sydney
Level 12, 680 George Street Sydney NSW 2000
Tel : +61 1300 361 735
Fax : 02 9287 0303
RegistryWebsite RegistryEmail

Company details
ISIN: AU000000AXL2
Address: Level 9, 360 Collins Street Melbourne, Vic 3000, Australia
Tel:  1300 586 936

Date first listed: 21/12/2016

Sector: Diversified Financials
Activities: Axsesstoday is a growing provider of finance to small to medium sized enterprises (SMEs) for equipment including Hospitality, coffee machines, display units, cooking, refrigeration and dishwashing equipment; Transport, used prime movers, new and used trailers, tippers, forklifts and light commercial equipment; and other business critical equipment including commercial solar, fitness, technology equipment and other small ticket equipment Axsesstoday also provides funding of research and development grants to eligible customers

company is deregistered today


is now called UNIVERSAL EQUIVALENT TECHNOLOGY LIMITED - strike off action in progress


company is now called UNIVERSAL EQUIVALENT TECHNOLOGY LIMITED and is no longer in administration


Deed Administrators report that "Creditors have previously been advised that the Deed Administrators had entered into an agreement to sell A.C.N. 603 323 182 Limited (the Company) to Equivalent Liberty Fintech Corporation (or its nominee) (ELFC) by way of an issue of shares to ELFC for a purchase price of $660,000. Under the terms of the deeds of company arrangement for the AXL Group, proceeds from the sale were to be paid into the Creditors' Trust for the benefit of creditors of the AXL Group. On 14 August 2020 the sale of the Company was completed and the deed of company arrangement was finalised. On that date control of the Company passed from the Deed Administrators to the new directors that had been approved by shareholders at an extraordinary general meeting on 7 August 2020. The Company has subsequently changed its name to Universal Equivalent Technology Limited."


we understand that on or about this date the company consolidated its shares 1 for 12


delisted from the commencement of trading on 2 March 2020 pursuant to Listing rule 17.12.


we understand this company (formerly AXSESSTODAY LIMITED) failed and ASX removed the company from listing because its securities have not been quoted for more than three years


ASX has advised that the Company will be delisted from ASX on Monday 2 March 2020. While ASIC extended the Company's deadline for lodgement of its outstanding financial accounts, ASX has advised that no extension will be granted under the ASX Listing Rules. ASX has also advised that all financial accounts would need to be provided on a "˜going concern' basis. Consequently, the Deed Administrators are unable to prepare and lodge the outstanding financial reports in a manner which would enable the Company to remain listed. Notwithstanding the Company's delisting on 2 March 2020, the Deed Administrators remain in ongoing discussions with ELFC regarding the proposed transaction set out in the 11 October 2019 announcement.


The administrators releases its report to shareholders and creditors.


name changed from Axsesstoday Limited


The company and the deed administrators have entered into an agreement with Equivalent Liberty Fintech for a proposed transaction pursuant to which control of the company will pass to ELFC or its nominee.


The company appointed Deloitte Financial Advisory partners Vaughan Strawbridge, Glen Kanevsky, and Sal Algeri as Joint and Several Administrators. On Friday 5 April 2019, the Senior Lenders advised the Group they were unable to continue to support the business with ongoing waivers of breaches of the terms of the finance documents resulting in the board resolving to appoint voluntary administrators. The Administrators have advised there will be a first meeting of creditors on Wednesday 17 April 2019.

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    Directors' on-market share transactions (last 5)


    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    Joanna WhiteCEO22/01/2019
    Julia van GraasCFO22/02/2018
    Yaniv MeydanNon Exec Director21/12/2016
    Michael SackExecutive Director21/12/2016

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)
    Matthew ReynoldsNon Exec Director21/12/201615/04/2019
    Dermott McVeighCEO21/10/201822/01/2019
    Kerry DalyExecutive Chairman21/12/201629/11/2018
    Peter FerizisExecutive, CEO21/12/201613/09/2018
    Joe FlanaganCFO22/02/2018

    Date of first appointment, title may have changed.