File Details
ACN/Estate#:
169 539 842
Office Name:
Geelong
Trading Name
None known
Principal
Matthew Kucianski
Admin Type
Liquidation - VA
Manager:
Drew Austin
Start Date
19/01/2024
Exec Analyst
Sam Pryor
Status
Inactive
Contact Person
James McQuillan
Industry
Building/Construction
Appointee
Scott Andersen
I want to
File Summary
6 December 2023Allsafe Power (VIC) Pty Limited (Administrators Appointed) (“the Company”) was placed into Voluntary Administration on 5 December 2023 with Scott Andersen and Nathan Deppeler of Worrells being appointed Voluntary Administrators.
A first meeting of creditors of the Company has been scheduled on 14 December 2023 virtually at 2:00pm.
Should creditors wish to participate in the meeting, creditors are requested to complete and return to our offices a Formal Proof of Debt form along with the relevant Proxy forms, of which are annexed towards the end of the Advice to Creditors.
In the interim, should creditors have any information concerning the affairs of the Company or would like to discuss the administration further, they are invited to contact Alysha Clift of our office on (03) 9613 5548 or at Alysha.Clift@worrells.net.au
As at 6 February 2024
Creditors are advised that at the meeting held on 19 January 2024, creditors resolved to put the Company into liquidation and Scott Andersen be appointed Liquidator. I will now proceed with the formal winding up of the Company.
I will issue a Statutory Report to Creditors providing a detailed update on the liquidation within 3 months.
Please direct any queries to Alysha Clift of our office on (03) 9613 5548 or at Alysha.Clift@worrells.net.au
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 General was called for 06 February 2024 at 10:30 am.
A Proposal without a Meeting was called for 21 February 2025 at 05:00 pm.
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 | 60 | |
| Number of PODs Claimed | 29 | 10 |
| Total of PODs Claimed | $3,262,512.00 | $633,702.00 |
| Total of Employee PODs Claimed | $633,702.00 | $633,702.00 |
| Total of Secured PODs Claimed | $978,762.00 | $0.00 |
| Total of Unsecured PODs Claimed | $1,650,048.00 | $0.00 |
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
| Creditor Type | Dividend Type | Date Paid | Amount | Rate |
|---|---|---|---|---|
| Employee | Final | 29/07/2024 | $29,159.95 | 5.0% |
Receipts and Payments Summary
Receipts Summary
| Account name | Total |
|---|---|
| Sale of Assets | $4,031.07 |
| Interest Earned | $2,464.42 |
| Receipt - Debtors | $20,428.95 |
| Collection of Cash Balances | $100,000.00 |
| Refunds and Sundry Receipts | $497.89 |
| Fees from FEG | $10,166.00 |
| Retentions | $133,061.14 |
| GST Collected | $8,313.37 |
| Total receipts | $278,962.84 |
Payments Summary
| Account name | Code | Total |
|---|---|---|
| Agents Charges, Commissions & Stamp Duty | B1 | $2.00 |
| Collection Costs; Commissions, Legals etc | A | $2,174.06 |
| Bank Charges | B1 | $2.50 |
| Dividends - General | $29,159.95 | |
| Appointees Remuneration | $101,668.78 | |
| Printing, Stationery & Postage | B2 | $312.35 |
| Searches | B1 | $37.00 |
| Sundry Expenses | B2 | $120,964.67 |
| GST Paid | -$57.84 | |
| Total payments | $254,263.47 |
Assets Summary
| Cash at Bank | $12,602.90 |
| Suspense | -$1,610.04 |
| Total assets | $10,992.86 |
Disbursement Summary
| Category | Code | Total ($) |
|---|---|---|
| External - Non-Professional | B1 | $41.50 |
| External - Professional | A | $2,174.06 |
| Internal | B2 | $312.35 |
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 | $138,941.70 |
| Fees Drawn | $111,835.66 |
| Fees Written Off | -$20,681.93 |
| WIP Balance | $6,424.10 |
Time spent by Employees
| Employee | Position | Hourly rate (ex GST) |
Total Hours | Total (ex GST) |
|---|---|---|---|---|
| Ivan Glavas | Principal | $710.00 | 0h 54m | $650.80 |
| Matthew Kucianski | Principal | $710.00 | 5h 14m | $3,727.48 |
| Nathan Deppeler | Principal | $710.00 | 0h 19m | $236.67 |
| Scott Andersen | Principal | $710.00 | 6h 14m | $4,437.49 |
| Greg Thiveos | Senior Manager | $645.00 | 2h 4m | $1,343.79 |
| Ashley Sofra | Senior Manager | $620.00 | 5h 4m | $3,151.66 |
| Drew Austin | Manager | $620.00 | 33h 57m | $21,059.11 |
| Jay Shah | Manager | $550.00 | 8h 22m | $4,610.83 |
| Sam Pryor | Executive Analyst | $520.00 | 83h 46m | $43,567.50 |
| James McQuillan | Senior Business Analyst | $450.00 | 7h 16m | $3,277.50 |
| Alysha Clift | Business Analyst | $390.00 | 58h 31m | $22,535.50 |
| Estelle Joiner | Senior Business Analyst | $390.00 | 4h 35m | $1,794.00 |
| Janith De Silva | Business Analyst | $390.00 | 0h 23m | $156.00 |
| Teresa Nguyen | Business Analyst | $390.00 | 0h 3m | $19.50 |
| Abu Yazid | Financial Assistant | $300.00 | 1h 46m | $530.00 |
| Badrul Hisyam | Financial Assistant | $300.00 | 7h 19m | $2,195.00 |
| Maylene Mansor | Financial Assistant | $300.00 | 2h 56m | $885.00 |
| Pravinaa Krishnan | Financial Assistant | $300.00 | 2h 9m | $650.00 |
| Totals | 231h 6m | $114,827.84 | ||
| GST | $11,482.78 | |||
| Total including GST | $126,310.62 | |||
| Avg hourly rate | $550.31 |
Time Spent by Category
| Category | Total Hours | Total (inc GST) |
|
|---|---|---|---|
| Administration | 21h 22m | $12,454.85 | |
| Assets | 35h 22m | $19,309.42 | |
| Creditors | 110h 9m | $59,843.50 | |
| Dividend | 0h 8m | $66.00 | |
| Employees | 41h 16m | $23,135.05 | |
| Investigations | 22h 31m | $11,340.10 | |
| Trade on | 0h 15m | $161.70 | |
| Totals | 231h 6m | $126,310.62 |
Client Documents
| Date | Name |
|---|---|
| 29/07/2024 | Dividend analysis report |
| 28/05/2024 | Dividend Advice |
| 17/04/2024 | Stat Report |
| 19/01/2024 | General Advice |
| 11/01/2024 | 2nd Advice |
| 06/12/2023 | First Advice |