Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:
Australian companies that are in liquidation feature in the lists below. See also below for an explanation of liquidation and how to determine if your company is in liquidation.
(a small selection)
|CODE||DATE OF LIQUID||EVENT|
|CONTRARIAN VALUE FUND LIMITED||CVF||26 Feb 21||delisted from the close of trading on Friday, 26 February 2021, pursuant to Listing rule 17.11.|
|LIQUEFIED NATURAL GAS LIMITED||LNG||08 Feb 21||The DOCA proponent, Aureus LNG GmbH, was unable to satisfy the conditions precedent to enable the DOCA to be effectuated. At the concurrent meetings of the Companiesâ€™ creditors held on 8 February 2021, creditors resolved to terminate the DOCA and place each of the Companies into liquidation. Pursuant to the provisions of the Corporations Act 2001, Craig Crosbie, Simon Theobald and Daniel Walley have been appointed Liquidators of the Companies. The Liquidators will now realise the remaining assets of the Companies, assess claims from creditors and make distributions to creditors where possible.|
|OCHRE GROUP HOLDINGS LIMITED||OGH||14 Oct 20||Jeremy Joseph Nipps appointed liquidator|
|SALMAT LIMITED||SLM||29 Aug 20||Shaun Fraser and Jason Preston are appointed joint and several liquidators of the Company.|
|MORETON RESOURCES LTD||MRV||16 Jul 20||At the 15 July 2020, creditors of the MRL and its subsidiaries resolved to place the group in liquidation, appointing Grant Sparks and David Orr of Deloitte Financial Advisory as Joint and Several Liquidators of the Group.|
|MCM ENTERTAINMENT GROUP LIMITED||MEG||13 Jul 20||Notice is given that at a general meeting of the members of the Company held on 13 July 2020, it was resolved that the Company be wound up and that Richard Rohrt be appointed liquidator(s).|
|BCD RESOURCES NL||BCD||29 Jun 20||Christopher John Palmer appointed Liquidator|
|WPG RESOURCES LTD||WPG||25 Jun 20||Adam Nikitins of Ernst & Young is appointed Joint and Several Liquidator|
|COOLGARDIE MINERALS LIMITED||CM1||28 May 20||Consent of SMS was not received to the variation to the Recapitalisation Proposal within the time required and accordingly, the Company has proceeded into liquidation pursuant to the terms of the DOCA. The Company will be deregistered from the ASX as a result of the liquidation.|
|ORINOCO GOLD LIMITED||OGX||22 May 20||liquidators appointed|
What is company liquidation?
A company goes into liquidation when a registered liquidator is appointed to conduct the winding-up of a company and the liquidation of its assets. A liquidator is generally appointed on the grounds that the company is insolvent and there is no better way for creditors to maximise their return than from liquidating the assets.
Shareholders may place their company into voluntary liquidation, if, for example, they think it is going nowhere and they may as well sell off assets, discharge liabilities and get back the remainder. A liquidator can also be appointed by the court or a company can voluntarily place itself in liquidation or it can end up in liquidation after a vote of creditors. In the latter case it generally occurs because a viable arrangement is not possible during the course of a voluntary administration.
What is the liquidator's role?
The liquidator terminates company activities, collects and sells the assets and distributes the resulting funds to creditors in accordance with statutory priorities. One of his or her major tasks is to admit claims by creditors and then pay them according to priorities set out in the law.
In liquidation, no person can perform or exercise any function or power as an officer of the company other than with the liquidator's written approval, although this does not technically remove the directors from office. However, they are stripped of all their powers. Note that a company can also be in provisional liquidation, a sort of half-way house status, while enquires are made about the financial situation of the company pending liquidation, some other form of external administration, or returning the company to the control of the directors.
What does it mean to you as a shareholder?
Generally this is the worst possible outcome for shareholders. Rarely in circumstances where the company has failed, is there anything left over for distribution to shareholders.
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 liquidation. You can click on the link below to see a list of all companies in liquidation (for members only) or find a specific company that is in liquidation by:
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.
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