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STOCKFORD LIMITED (SKD)

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ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 

Shareholder links

 

REGISTRY:
Computershare, Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

Address: Level 23 , 570 Bourke Street , MELBOURNE , VIC, AUSTRALIA, 3000
Tel:  61 3 9940 0400 Fax: 61 3 9940 0499

Date first listed: 28/11/2000
Company Secretary: Ms Amanda Gawne
Sector: Commercial Services & Supplies
Industry Group: XNJ
Activities: In administration

company deregistered

25/10/2009

Strike-Off Action In Progress

12/10/2009

the Deed Administrators of the Stockford Group of companies have declared a fifth and final dividend in the amount of five cents in the dollar to creditors - this will result in creditors receiving a total distribution of 83 cents in the dollar

11/07/2008

a fourth dividend is to be declared on 4 September 2007 for the Stockford Group

28/06/2007

a third dividend in the amount of 6 cents in the dollar is declared for creditors (that brings total dividend payments to the Stockford unsecured creditors to 71 cents in the dollar)

13/10/2006

delisted following failure to pay its annual listing fee in respect of the year ended 30 June 2007

29/08/2006

ASIC relieves the company of having to comply with certain financial reporting requirements

05/04/2006

a second dividend in the amount of 15 cents in the dollar is declared for creditors (that brings total dividend payments to the Stockford unsecured creditors to 65 cents in the dollar)

01/02/2006

creditors are asked to formally prove their claim

16/12/2005

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued

29/06/2005

in relation to the KordaMentha fees, ASIC advises that the Court has ordered that a committee of inspection be provided with adequate notice and information relating to the $2.856 million of KordaMentha's claim for remuneration, so as to consider, and if satisfied, approve an appropriate amount of remuneration; there be a right of review of any such approval by the Court, on the application of any creditor or member of the Stockford Group of companies, KordaMentha or ASIC; and Mr Korda and Mr Mentha as Deed Administrators of the Stockford Group will pay ASIC's costs - the bottom line of this little saga is that an administrator must get court approval for a committee of creditors to approve fees

19/04/2005

we understand there to be litigation and the resolution of claims against the company that may take two years to resolve - administrators continue their work on this process

07/02/2005

further to our note immediately below we understand that the court found that several resolutions fixing the administrator's remuneration were not legally effective because a report sent to creditors was misleading by implying that the position taken by ASIC was wrong in law - it was also misleading by implying that the committee had reviewed and confirmed the administrators' fees, when they had not done so - the court also agreed that creditors did not have sufficient details to assess the administrator's remuneration

22/12/2004

Federal Court refuses an application by Mark Korda and Mark Mentha of KordaMentha as the administrators of the Stockford Group of Companies concerning the payment of over $2 million in fees charged by them following submissions made by the Australian Securities and Investments Commission (ASIC contends KordaMentha have drawn $2,421,175.50 in fees from the administration of the Stockford Group companies, when not permitted to do so under the Act)

22/12/2004

we have been seeking an update from the Administrators Korda Mentha (Scott Langdon) since 6 September 2004

02/11/2004

at a meeting of creditors in Melbourne, the creditors accepted three variations to the Deed of Company Arrangement

26/03/2004

administrators advise that a first dividend has been paid to unsecured creditors at 50c in the dollar - a second dividend is due to be paid in February 2004 and the administrators are working through the outstanding claims against Stockford to finalise the second dividend amount

07/01/2004

administrator confirms all locations have been sold off or wound down (including the Head office at 570 Bourke Street), the administration is now run out of the KordaMentha office in Melbourne and the first dividend to unsecured creditors is expected to be paid in the next two weeks

29/09/2003

administrators advise that they have sold off all of the practices that make up the Stockford group and are currently winding down head office

06/08/2003

the IT equipment and furniture from Stockfords Head Office auctioned off today

27/06/2003

creditors are expected to vote shortly on a Deed of Company Arrangement which will provide a return to unsecured creditors of between 50 cents and 100 cents in the dollar - this does not augur well for shareholders - the next best thing would appear to be crystallisation of the loss for tax purposes as soon as a liquidator is appointed and issues a declaration to the effect the shares are worthless - this is unlikely to take place this financial year

19/05/2003

reports that Investor Group is buying the Richmond (Vic) business from the administrator for $1.2m and 600,000 shares this is the second Stockford business bought by Investor

20/03/2003

reports that administrators acknowledge the businesses had been struggling as a group but the individual businesses are good and the administration process will facilitate the demerging of the group

25/02/2003

suggestions that too much money had been spent on centralisation but the business did not need that level of head office support

25/02/2003

administrators say the Stockford practices in 42 locations throughout Australia would continue to trade as normal while the future of the company was assessed

24/02/2003

securities of the company suspended from quotation prior to the market opening

24/02/2003

M Korda and M Mentha of KordaMentha appointed Voluntary Administrators of Stockford Limited and a majority of the companies in the Stockford group

23/02/2003

company advises its discussions with Investor Group Limited re possible sale of any one or more of Stockford's business units are continuing and expect to be finalised within the next two weeks

17/02/2003

confirms that in light of the recent performance of its core businesses it has resolved that the only option available, if it is to retain some value for its shareholders, is the sale of all or a material number of Stockford's existing business units

17/02/2003

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

     

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    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Chris RiordanChairman
    Dan PayneNon Exec Director
    William BessemerDirector
    Andrew JenkinsGeneral Counsel

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION

    Date of first appointment, title may have changed.