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Appointment details

Appointment type Liquidation
Appointment date 30 May 2019
Appointee Glenn Livingstone
Company subject to Administration Custom Control Electrical Pty Ltd
ACN 609 375 751
Office Sydney
Electrical plug and socket

KPMG contact

Astrid Le Roux
aleroux1@kpmg.com.au
+61 2 9335 8739

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Background information

On 20 May 2019, Jamieson Louttit of Jamieson Louttit and Associates was appointed as Voluntary Administrator of the Company by the Director under Section 436A of the Act.

On 30 May 2019, Glenn Livingstone was appointed Replacement Administrator at a meeting of creditors convened pursuant to Section 436E of the Act.

The second meeting of creditors is to be held on 25 June 2019 to determine the Company’s future by voting on one of the following options:

  • that the administration should end (in this case control of the Company will revert to its Director); or
  • that the Company should be wound up; or
  • that the Company execute a DOCA.

Meeting details are provided in the Voluntary Administrator’s report dated 14 June 2019.

Creditors are advised however, that an original winding up application commenced by Metal Manufacturers Limited is scheduled to be held on 19 June 2019 in the Supreme Court of NSW.  In the event that the matter is heard, it is likely that the Company will be placed into liquidation on this date and that Glenn Livingstone will be appointed Liquidator. 

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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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