NOTICE OF UPGRADE

Our websites will be unavailable between the hours of AEST 4AM September 17, 2022 and AEST 11PM on date September 18, 2022

deListed Australia
 
SEARCH LISTED OR DELISTED COMPANY
Any AUS or NZ company

Browse Australian delisted companies

0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Browse terminated Australian managed funds

0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
SEARCH PRIVATE COMPANY
SEARCH FUNDS

Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:

deListed and InvestoGain acknowledge the support of ASX and ASA:

Australian Securities Exchange
Australian shareholders association

In Administration

In Administration

 

Australian companies that are in administration feature in the lists below.  See also below for an explanation of administration and how to determine if your company is in administration.

 

COMPANY
(a small selection)
CODE DATE OF ADMIN EVENT
PAN ASIA CORPORATION LIMITED PZC 21 May 24 company has been placed under external administration, Richard Albarran, Cameron Shaw and Aaron Dominish of Hall Chadwick appointed administrators
OPENN NEGOTIATION LIMITED OPN 13 May 24 Richard Tucker and John Bumbak of KordaMenths were appointed as Joint and Several Administrators.
OREXPLORE TECHNOLOGIES LIMITED OXT 13 May 24 The directors resolved on 13 May 2024 to appoint Quentin Olde and Liam Healey of Ankura Consulting as joint and several voluntary administrators.
ENTYR LIMITED ETR 26 Mar 24 Mr Richard Hughes and Mr Travis Anderson of Deloitte Financial Advisory Pty Ltd have been appointed as Joint and Several Administrators.
K-TIG LIMITED KTG 21 Feb 24 Richard Tucker and John Bumbak have been appointed as joint and several Voluntary Administrators.
ELMORE LTD ELE 06 Feb 24 Martin Jones, Matthew Woods, and Clint Joseph, of KPMG have been appointed as Voluntary Administrators of the Companies.
ASIAN AMERICAN MEDICAL GROUP LIMITED AJJ 29 Jan 24 Richard Albarran, Roberto Crispino and Aaron Dominish of Hall Chadwick appointed Administrators
EPSILON HEALTHCARE LIMITED EPN 17 Dec 23 Ian James Purchas and Hugh Armenis of SV Partners were appointed as Joint and Several Administrators.
PANORAMIC RESOURCES LIMITED PAN 14 Dec 23 Daniel Woodhouse, Hayden White and Kate Warwick were appointed as joint and several voluntary administrators.
LIVETILES LIMITED LVT 07 Dec 23 Michael Korda, Andrew Knight and Craig Shepard of KordaMentha are appointed receivers and managers of LiveTiles Limited

What can an administrator do?

The administrator is empowered to do anything that the company or any of its officers could do previously. He can carry on the business of the company as well as terminate it, or any part of it. His job is to investigate the company’s activities and report to creditors at meetings. The first has to be held within eight business days of being appointed and the second within five to six weeks of being appointed.

The administrator is supposed to oversee a corporate rescue mechanism that gives the company a better chance of surviving or that results in a better return to creditors. That's the theory. In practice, while the entity and even the business may survive, the shareholders have almost invariably lost their investment.

A voluntary administrator is not required to report to shareholders on the voluntary administration, but a few of the more enlightened administrators do brief shareholders of listed companies via the ASX Announcements platform.

 

Creditors make the decisions

The second meeting of creditors is the important meeting. Shareholders do not get to vote. But the creditors then vote to either return control to directors, or place the company in liquidation, or execute a Deed of Company Arrangement, commonly called a DOCA. The DOCA may enable the company to continue trading and offers the prospect of a better return to creditors than liquidation. When the terms of the DOCA are effectuated, the company reverts to the control of its existing directors or new directors. Depending on the outcomes, it may also go straight into liquidation.

 

Administration never augurs well

In Australia, voluntary administration has never augured well for shareholders; they usually lose all or most of their investment. Creditors via an Administrator (rather than large shareholders via the board) control the company.

Sometimes administrators hold out the prospect of value for shareholders in the corporate shell. But usually this involves only small entities (resuscitated by backing into the corporate shell a new business or another business and raising new capital), and existing shareholdings are savagely diluted, such that an average shareholding is of nominal value only.


Voluntary Administration - 

what does it mean to you as a shareholder? 

Administration is the beginning of the end for shareholders. If your company has been placed in administration, its business has almost certainly failed and your shares are of little, if any, value. The chances of any significant recovery, even if the entity is re-structured and recapitalised, are remote.

Remember who your directors and executives were and resolve to avoid in future any companies they may be involved in.

 

Finding your company

If your company has been delisted or is suspended from quotation it may well be in administration. You can click on the link above to see a list of all companies in administration or find a specific company that is in administration by:

  •  Searching by company name (see box above left)
  •  Searching by code (see box above right)
  •  Clicking on the appropriate letter of the alphabet (see the alphabet index above)

If you are unable to find your company or the information is incomplete or incomprehensible we recommend you send us a message and we will try to assist.

 

FURTHER READING:

Insolvency: a guide for shareholders

 

 

HELP PLEASE

deListed and InvestoGain are largely the result of voluntary effort. We welcome input and updates from investors, company officers, insolvency practitioners, regulatory bodies, registries and others to admin@delisted.com.au.

Investigate before you invest again to InvestoGain

 


Thank you for the wonderful service you provide through your website. I've had the pleasure of selling a parcel of shares: easy, efficient, and very cost-effective. And I especially like the super-easy way your site allows me to chase up companies' various name changes, and so remain up-to-date.
I Brandli, Coffs Harbour NSW


…out of all the exchanges that I do research for, your particular web site makes finding information so easy. I wish the rest of the world would follow your footsteps. Reuters


Thank you so much for assisting with this. I contacted the registry today and they did confirm there are …… shares [value: $42,000] in my sister’s name. I have put ......... in contact with them so she can update her address and will thereafter be able to claim the dividends [value: $3764] and sell her shares if she chooses. We really appreciate your help, this money will be of huge assistance to ..... What a fantastic service you provide.