File Details
ACN/Estate#:
633 300 428
Office Name:
North Lakes
Trading Name
None known
Principal
Lee Crosthwaite
Admin Type
Creditors Vol
Manager:
Broderick Dipple
Start Date
18/03/2025
Exec Analyst
Jaydeep Lavadiya
Status
Priority
Contact Person
Joseph Eckersley
Industry
Other
Appointee
Lee Crosthwaite
I want to
File Summary
On 18 March 2025, I was appointed Liquidator of Corella Rd Dev Pty Ltd. A formal written advice will be issued shortly.I would appreciate if you could notify me whether you:
• are owed any money by the Company through lodging a proof of debt;
• have any other interest in the Company’s affairs;
• are aware of any matters that should be investigated by me;
• have no interest in the Company’s affairs or amounts owing to you so that we can remove you from the creditors list; or
• would like a physical copy of the advice to creditors mailed to you.
I am currently working on:
• Recovery of the records of the Company
• Realisation of any physical assets
• Collection of amounts due to the Company
• Investigation into offences
• Investigation into potential void transactions
A more detailed report will be issued when my initial investigations have been completed and I have further guidance on the likelihood of a dividend. This will be sent within three months.
Lee Crosthwaite
Liquidator
---------------------------
Full details of the file and previous advices are located in the File Information area of our website at www.worrells.net.au. The password for this file on our website is: wp36034.
You can also lodge proofs of debt and notify us other information via this page.
General information can be obtained on the Fact Sheets located on our website.
Name of Company: Corella Rd Dev Pty Ltd
A.C.N. 633 300 428
Our File Number: 36034
Date of Appointment: 18 March 2025
Office handling file: North Lakes
Appointee: Lee Crosthwaite
File Contact: Joseph Eckersley
PH (07) 3050 1932
EM joseph.eckersley@worrells.net.au
FX 07 3225 4311
Worrells charges fees on a time basis, using our Worrells’ Hourly Rates. Full details of time charged to each file are set out on our File Information pages.
The Corporations Act 2001 (Cth) allows us to email reports and notices to creditors where we have an email address.
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
A Proposal without a Meeting has been called for 23 April 2025 at 05:00 pm at Worrells in North Lakes.
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 | 0 | 0 |
| Total of PODs Claimed | $0.00 | $0.00 |
| Total of Employee PODs Claimed | $0.00 | $0.00 |
| Total of Secured PODs Claimed | $0.00 | $0.00 |
| Total of Unsecured PODs Claimed | $0.00 | $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
There are no past distributions for this file.
Receipts and Payments Summary
Receipts Summary
| Account name | Total |
|---|---|
| Interest Earned | $36.44 |
| Collection of Cash Balances | $30,000.00 |
| Total receipts | $30,036.44 |
Payments Summary
| Account name | Code | Total |
|---|---|---|
| Searches | B1 | $70.21 |
| Total payments | $70.21 |
Assets Summary
| Cash at Bank | $31,335.13 |
| Suspense | -$1,368.90 |
| Total assets | $29,966.23 |
Disbursement Summary
| Category | Code | Total ($) |
|---|---|---|
| External - Non-Professional | B1 | $70.21 |
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 | $11,243.10 |
| Fees Drawn | $0.00 |
| Fees Written Off | $0.00 |
| WIP Balance | $11,243.07 |
Time spent by Employees
| Employee | Position | Hourly rate (ex GST) |
Total Hours | Total (ex GST) |
|---|---|---|---|---|
| Lee Crosthwaite | Principal | $680.00 | 0h 48m | $543.99 |
| Broderick Dipple | Manager | $590.00 | 5h 29m | $3,235.13 |
| Jaydeep Lavadiya | Business Analyst | $345.00 | 0h 59m | $345.01 |
| Joseph Eckersley | Business Analyst | $345.00 | 17h 33m | $5,167.66 |
| Totals | 24h 50m | $9,291.79 | ||
| GST | $929.18 | |||
| Total including GST | $10,220.97 | |||
| Avg hourly rate | $539.00 |
Time Spent by Category
| Category | Total Hours | Total (inc GST) |
|
|---|---|---|---|
| Administration | 2h 11m | $909.04 | |
| Assets | 1h 53m | $674.38 | |
| Creditors | 16h 10m | $6,922.29 | |
| Investigations | 4h 34m | $1,715.26 | |
| Totals | 24h 50m | $10,220.97 |
Client Documents
| Date | Name |
|---|---|
| 01/04/2025 | Initial Advice |