Ed Harry | KPMG | AU
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Ed Harry

Ed Harry

Information for the stakeholders of Ed Harry.

Information for the stakeholders of Ed Harry.

This page contains information for the stakeholders of Specialty Mens Apparel Pty Ltd (Administrators Appointed) trading as ‘Ed Harry’.


Appointment details

Appointment type Voluntary Administration – 15 January 2019
Appointees Brendan Richards and Gayle Dickerson
ACN 149 766 307
Contact email edharry@kpmg.com.au
KPMG office Melbourne


Appointment

On Tuesday, 15 January 2019, Brendan Richards and Gayle Dickerson of KPMG were appointed as Joint and Several Administrators (“the Administrators”) of Specialty Mens Apparel Pty Ltd (“the Company”) by David Clark, Adrian Crowley, Anthony Hawkins and John Read (“the Directors”).

Voluntary administration is a statutory process designed to quickly resolve the future direction of a company, with the aim of maximising the chances of the company’s survival, or as much as possible, its business. In the event it is not possible to save the company or its business, the aim is to administer the company’s affairs in a way that will provide a better return for the company’s creditors than if the company were immediately placed into liquidation.

Please find below relevant links for stakeholders of Specialty Mens Apparel Pty Ltd.

Voluntary Administration update – 4 February 2019

We advise that on 1 February 2019, the Supreme Court of Victoria (“the Court”) granted Orders extending the convening period of the Company to 20 May 2019. The primary reason for seeking an extension of time is to allow the Administrators to explore the possibility of achieving a sale of the Company’s business and/or for a deed of company arrangement (DOCA) to be proposed. Even if a sale of the Company’s business does not eventuate and a DOCA is not proposed, the extension of time will allow the Administrators to continue to trade the Company’s business in order to realise in an orderly manner the stock currently on hand, thereby maximising returns from the sale of stock.

In summary the Court ordered that:

  • pursuant to section 439A(6) of the Corporations Act 2001 (Cth) (“the Act”), the convening period for the second meeting of creditors of the Company be extended to 20 May 2019; and
  • the second meeting of creditors may be held at any time during the period up to 20 May 2019 or within five (5) business days thereafter.

Creditors will be informed when the second meeting of creditors has been convened pursuant to section 439A of the Act. 

A copy of the authenticated Orders is provided in the ‘Other information’ section of this website below. 

Creditor information

Please find below relevant creditor material:

Other information

ARITA Information Sheets


Fair Entitlements Guarantee (FEG)

ASIC Insolvency material for directors, practitioners, employees, creditors and investors

The Australian Securities & Investments Commission provides resources on insolvency for directors, employees, creditors and shareholders. Read more on the ASIC website.

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