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03 November 2024
Name: | STOCKFORD LIMITED (SKD) |
Date of Listing: | 28 November 2000 |
Date of Delisting: | 29 August 2006 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 August 2006.Legal Status:
ACN: 091 677 262ABN: 11 091 677 262
Registration Date: 22 February 2000
Deregistration Date: 25 October 2009
Capital Gains Tax (CGT) Status:
This entity was deregistered on 25 October 2009. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Computershare Melbourne
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 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 |
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 |
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NAME | TITLE | DATE OF APPT |
---|---|---|
Chris Riordan | Chairman | |
Dan Payne | Non Exec Director | |
William Bessemer | Director | |
Andrew Jenkins | General Counsel | |
Amanda Gawne | Company Secretary |
Date of first appointment, title may have changed.
Date of first appointment, title may have changed.
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