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Appointment details

Appointment type Creditors Voluntary Liquidation
Appointment date 18 October 2017
Appointees James Stewart, Ryan Eagle
Company subject to Administration Austradia Pty Limited 
ACN 151 420 549
ABN 48 151 420 549
Office Sydney
Clothing retailer

KPMG contact

Candice Ferreira 
cferreira2@kpmg.com.au
+61 2 9455 9127

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Background information

On 24 May 2017 James Stewart, Ryan Eagle and Jim Sarantinos were appointed as joint and several Voluntary Administrators to the assets and undertakings of Austradia Pty Ltd by resolution of the Company’s directions, pursuant to Section 436A of the Corporations Act 2001. 

On 25 August 2017, the Administrators announced the successful restructure of the Australian retail business. This was achieved by the completion of the sale of certain assets to Top Shop / Top Man (Australia) Limited, an entity controlled by the Arcadia Group (Arcadia), a British multinational fashion retailer.

As a result, stores located at Sydney Gowings, Bondi, Melbourne Emporium and Brisbane will remain open.

Arcadia took control of the business and the remaining stores on 3 September 2017 following the transfer of certain employees and go forward store leases.

At the Second Meeting of Creditors held on 18 October 2017, the Company was placed into liquidation by resolution of creditors. James Stewart, Ryan Eagle and Jim Sarantinos were appointed Liquidators.

All outstanding tasks in the liquidation have been completed. Please refer to the report dated 14 January 2020 for more information.

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Creditor communications

Information and circulars for creditors.

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ASIC insolvency material

The Australian Securities & Investments Commission provides resources on insolvency for directors, practitioners, employees, creditors and investors.

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Support

Coping with the emotional impact of financial distress.

Beyond Blue

beyondblue offers some useful resources for people struggling with the emotional impact of financial distress.

The beyondblue Support Service provides confidential, one-on-one counselling with a trained mental health professional.
Phone: 1300 22 4636

Lifeline

Lifeline offers phone crisis counselling for people who are experiencing financial and emotional hardship.

Phone: 13 11 14 Australia-wide
Online crisis support chat (7:00pm to 4:00am daily)

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