File Details
ACN/Estate#:
162 029 398
Office Name:
Canberra
Trading Name
None known
Principal
Stephen Hundy
Admin Type
Voluntary Administration
Manager:
Stephen Hundy
Start Date
10/07/2023
Exec Analyst
Mandi Webb
Status
Finalised
Contact Person
Mandi Webb
Industry
Motor Vehicle/Transport
Appointee
Stephen Hundy
I want to
File Summary
On 8 August 2023, the Company was wound up by an Order made in the Federal Court and Colby O'Brien of Ernst & Young was appointed liquidator. All enquiries in relation to the company should be directed to Ernst & Young - contact details as follows:

Mobile: 0430 246 117
Email: colby.o'brien@au.ey.com
Your Questions answered

Reasons for Insolvency

We curently have no reasons for the administration

Collections Summary
Debtors Collection

There are no debtors to collect on this file.

Scheduled Collections

There are no scheduled agreements in place for this file.

Meeting of Creditors
Future Meetings

There are no future meetings for this file.

Past Meetings

A 1st VA was called for 20 July 2023 at 10:30 am.

A 2nd VA was called for 14 August 2023 at 10:30 am.

Minutes of Meeting are made available shortly after each meeting and can be found in the Client Documents section below.

Creditor Information

  Received Admitted
Number of Creditors Recorded 2  
Number of PODs Claimed 2 0
Total of PODs Claimed $527,283.00 $0.00
Total of Employee PODs Claimed $214,173.00 $0.00
Total of Secured PODs Claimed $0.00 $0.00
Total of Unsecured PODs Claimed $313,110.00 $0.00
Note to creditors whose debts are guaranteed by other parties

If your debt in this estate is guaranteed by another party, and your guarantee contains a clause restricting that other party from proving their debt (if they have one) in this estate until your debt is paid, you must provide this office with a copy of that guarantee document before any meeting of creditors or payment of dividend.

Distribution Summary
Future Distributions

There are no future distributions for this file.

Past Distributions

There are no past distributions for this file.

Receipts and Payments Summary
Receipts Summary
Account name Total
Total receipts $0.00
Payments Summary
Account name Code Total
Total payments   $0.00
Assets Summary
Total assets $0.00
Disbursement Summary
Category Code Total ($)

Disbursements are divided into three types: A, B1, B2.

  • A - disbursements are all externally provided professional services and are recovered at cost. (e.g.legal fees)
  • B1 - disbursements are externally provided non-professional costs such as travel, accommodation and search fees. B1 disbursements are recovered at cost.
  • B2 - disbursements are internally provided non-professional costs such as photocopying and document storage.B2 disbursements are charged at cost except for photocopying, printing and telephone calls which are charged at a rate which is intended to recoup both variable and fixed costs.

Fee Information (GST Inclusive)
Summary
Time Spent $22,822.20
Fees Drawn $0.00
Fees Written Off -$22,822.22
WIP Balance $0.00
Time spent by Employees
Employee Position Hourly rate
(ex GST)		 Total Hours Total
(ex GST)
Stephen Hundy Principal $600.00 12h 36m $7,005.34
Mandi Webb Executive Analyst $390.00 30h 23m $11,856.00
Totals     42h 59m $18,861.34
GST       $1,886.13
Total including GST       $20,747.47
Avg hourly rate       $544.50
Time Spent by Category
Category Total Hours Total
(inc GST)
Administration 3h 8m $1,440.45
Assets 4h 57m $2,269.67
Creditors 28h 1m $13,548.52
Investigations 6h 24m $3,488.83
Miscellaneous 0h 30m $0.00
Totals 42h 59m $20,747.47  
Client Documents
Date Name
04/08/2023 2nd Advice
26/07/2023 Minutes of meeting
12/07/2023 First Advice