File Details
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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
| Name | Type | Total | Amount Paid | Next Instalment Due | Status |
|---|---|---|---|---|---|
| Top Quality Homes Pty Limited | Other | $100,000.00 | $70,000.00 | 29/04/2025 | Current |
Meeting of Creditors
Future Meetings
There are no future meetings for this file.
Past Meetings
There are no past meetings for this file.
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 | 5 | |
| Number of PODs Claimed | 4 | 4 |
| Total of PODs Claimed | $448,120.00 | $448,120.00 |
| Total of Employee PODs Claimed | $0.00 | $0.00 |
| Total of Secured PODs Claimed | $0.00 | $0.00 |
| Total of Unsecured PODs Claimed | $448,120.00 | $448,120.00 |
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 |
|---|---|---|---|---|
| Non-priority | Interim | 05/02/2025 | $47,196.26 | 11.0% |
Receipts and Payments Summary
Receipts Summary
| Account name | Total |
|---|---|
| Contributions Received | $70,000.00 |
| Interest Earned | $619.69 |
| Indemnity Funding | $13,750.00 |
| Total receipts | $84,369.69 |
Payments Summary
| Account name | Code | Total |
|---|---|---|
| Dividends - General | $47,196.26 | |
| Appointees Remuneration | $17,053.74 | |
| Total payments | $64,250.00 |
Assets Summary
| Cash at Bank | $20,119.69 |
| Suspense | -$10,000.00 |
| Total assets | $10,119.69 |
Disbursement Summary
| Category | Code | Total ($) |
|---|
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 | $21,066.10 |
| Fees Drawn | $18,759.11 |
| Fees Written Off | $857.89 |
| WIP Balance | $3,164.88 |
Time spent by Employees
| Employee | Position | Hourly rate (ex GST) |
Total Hours | Total (ex GST) |
|---|---|---|---|---|
| Stephen Hundy | Principal | $600.00 | 13h 9m | $7,900.00 |
| Mandi Webb | Executive Analyst | $390.00 | 20h 49m | $8,118.50 |
| Nicholas Hamilton | Executive Analyst | $390.00 | 4h 27m | $1,735.50 |
| Reshvin Jhour | Senior Business Analyst | $330.00 | 0h 17m | $99.00 |
| Reshvin Jour | Senior Business Analyst | $330.00 | 0h 14m | $77.00 |
| Totals | 38h 57m | $17,930.00 | ||
| GST | $1,793.00 | |||
| Total including GST | $19,723.00 | |||
| Avg hourly rate | $448.80 |
Time Spent by Category
| Category | Total Hours | Total (inc GST) |
|
|---|---|---|---|
| Administration | 3h 49m | $1,748.45 | |
| Creditors | 26h 40m | $13,637.80 | |
| Dividend | 3h 55m | $1,802.90 | |
| Investigations | 4h 31m | $2,533.85 | |
| Totals | 38h 57m | $19,723.00 |
Client Documents
| Date | Name |
|---|---|
| 05/03/2025 | General Advice |
| 05/02/2025 | Dividend analysis report |
| 30/08/2024 | General Advice |
| 09/08/2024 | General Advice |
| 26/07/2024 | General Advice |
| 02/07/2024 | General Advice |