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Appointment details

Appointment type Voluntary Administration – 16 August 2019
Deed of Company Arrangement – 4 December 2019
Appointees Ryan Eagle and Philip Quinlan
Companies subject to Administration Sphere Healthcare Pty Ltd ACN 054 309 705
Tabco Pty Ltd ACN 000 902 483
Office Sydney
Pharmaceutical capsules

KPMG contact

Phoebe Noon
sphere@kpmg.com.au
+61 7 3233 9547

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Background information

On 16 August 2019, Ryan Eagle and Philip Quinlan of KPMG were appointed as Joint and Several Administrators (the Administrators) of Sphere Healthcare Pty Ltd and Tabco Pty Ltd (the Group).

At the second meeting of creditors on 19 November 2019 creditors voted in favour of the Deed of Company Arrangement (DOCA) proposed by GMP Pharmaceuticals Pty Ltd (GMP). The DOCA was executed by both parties on 4 December 2019 and Ryan Eagle and Philip Quinlan were appointed as Deed Administrators.

The Group entered into an interim management deed with GMP on 4 December 2019, which provided that from 10 December 2019 GMP assumed full management of the Group’s day to day business pending completion of the DOCA.

The DOCA completed on 13 December 2019 and GMP are now in control of the Group.

Any queries regarding the Administration process should be directed to sphere@kpmg.com.au.

Updates to creditors regarding the Administration and future meetings of creditors will be posted below.

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Fair Entitlements Guarantee (FEG)

General information for claimants: www.employment.gov.au/fair-entitlements-guarantee-feg

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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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