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Industry Insight

What is provisional liquidation and how can it be used to protect creditors’ interests?

Provisional liquidation is a mechanism available to creditors or members of a company in Australia which is derived from section 472 2 of the Corporations Act 2001 Cth the Act An application to appoint a provisional liquidator can be filed any time after the filing of a winding up application

Educational Video

Personal Insolvency Agreement: A Complete Understanding

Introduction to Insolvency and PIAs Welcome to Cathro amp Partners 8217 guide on Personal Insolvency Agreements Before we delve into PIAs let 8217 s understand some key concepts Insolvency occurs when an individual or business can 8217 t meet their debt obligations This guide will clarify terms like 8216 debtor

Industry Insight

Bankruptcy and its consequences

Bankruptcy is a legal status that can be imposed on an individual who is unable to repay their debts It is a process that provides relief to insolvent debtors by allowing them to seek protection from their creditors and potentially have their debts discharged There are two ways in which

Insights into Personal Property Security Act by Tom Gardner of Gilbert & Tobin

In this episode of The Cut host Simon Cathro Managing Principal of Cathro Partners welcomes listeners to Season 3

Technical Insight

Bankruptcy, Personal Insolvency Agreement or Composition, which one is right for me? The Answer? – It depends

We previously talked about Bankruptcy and Personal Insolvency Agreements Depending on the circumstances there are options available under the Bankruptcy Act that are more applicable to you and your individual financial position than you may realise

Technical Insight

Members voluntary liquidation process

February 16, 2024

A Members Voluntary Liquidation MVL is a formal process of winding up the affairs of a solvent company The members of the company via a special resolution decide to wind up the company

Exploring Trade Credit Insurance and Court Winding-Up with Terry Watson and Luke Whiffen

December 18, 2023

In finale episode of The Cut s 2023 season host Simon welcomes two guests Luke Whiffen from Hilton Bradley Lawyers and Terry Watson from Watson Trade Credit

Technical Insight

Final year message  for network

December 11, 2023

As we head into the festive season we ve taken a moment to reflect on the year that was and capture our thoughts on what 2024 is likely to bring for Australian businesses and the insolvency sector

BizPay in Receivership: Cathro & Partners Take the Helm

December 1, 2023

BizPay Hits Financial Turbulence Enters Receivership with Cathro Partners at the Fore

Technical Insight

PPSA Reform – Where to from here?

November 30, 2023

On 22 September 2023 the Attorney General announced the Australian Government s response to the Final Report of the 2015 statutory review of the Personal Property Securities Act 2009 the Whittaker Review

Openpay Enters Liquidation: Cathro & Partners Appointed as Liquidators

November 28, 2023

Major Buy Now Pay Later Firm Openpay Faces Liquidation After Financial Collapse

Technical Insight

ATO Lodgement Amnesty Program: Critical Update as December Deadline Approaches

November 24, 2023

Building on our previous insights shared by John Laird Principal Government Advisory on June 26 2023 this article provides a critical update and further elaboration on the Australian Taxation Office ATO lodgement amnesty program

Technical Insight

Remission of interest requests

November 14, 2023

With a steep rise in interest rates a cost of living crisis escalating tensions abroad and having just experienced a pandemic many small businesses have done it tough in recent times

Cathro & Partners Expands Reach with New Melbourne Office to Enhance National Insolvency Services

November 9, 2023

As we head into the festive season we ve taken a moment to reflect on the year that was and capture our thoughts on what 2024 is likely to bring for Australian businesses and the insolvency sector

Insights into the world of Intangible Assets, Joel Hanrahan, Managing Director, EverEdge Global.

November 6, 2023

In episode nine of season two of The Cut Managing Principal Simon Cathro is joined by Joel Hanrahan from EverEdge Global

Cathro & Partners grows national presence with Melbourne office

November 2, 2023

A recent survey from the Turnaround Management Association and KordaMentha warned that over 90 of industry professionals expect the Australian economy to slip into recession within the next two years In its slipstream insolvencies are expected to rise further

Cathro & Partners increases national presence with Melbourne office.

November 1, 2023

Sydney Insolvency experts Cathro Partners has announced its expansion into the Melbourne market The new office will bolster the firm s established presence in Sydney Brisbane and Canberra

Industry Insight

Unearthing the Paradox: The Mining Industry Amidst Prosperity and Insolvency in Australia

October 30, 2023

The perplexing conundrum of observing insolvency and financial tumult in Australia s mining sector amidst record highs in mineral prices and employment invites scrutiny into the undercurrents that drive these seemingly paradoxical scenarios

Technical Insight

What is a Personal Insolvency Agreement?

October 16, 2023

A personal insolvency agreement PIA also known as a Part X agreement is a formal arrangement that an insolvent debtor can propose to their creditors under Part X of the Bankruptcy Act 1966 Cth the Act The agreement provides an alternative to bankruptcy

Financial Investigations Insights with Angela Barkhouse, MD & Head of Caribbean region at Quantuma.

October 9, 2023

In episode eight of season two of The Cut Managing Principal Simon Cathro sits down with Angela Barkhouse Managing Director Head of Caribbean of Quantuma

Cathro & Partners adds industry veteran Henry Kazar to team

October 9, 2023

In his new role Kazar will be responsible for serving clients in the ACT and nationally He will work with Cathro Partners leaders including Navin Lal in Canberra to build out the firm s bankruptcy and corporate restructuring capability

Technical Insight

Insolvency Law Reform – Has the time come for seismic change? – Issue 4

October 5, 2023

In our article Insolvency law reform has the time come for seismic change released on 24 July 2023 I provided a summary of the findings from the report handed down on 12 July 2023

Cathro & Partners appoints Henry Kazar to its Canberra office

October 5, 2023

Canberra Thursday 5th October 2023 Corporate restructuring experts Cathro Partners has appointed Henry Kazar as a senior member of the firm as it continues to build out its insolvency and restructuring advisory practice

‘Get liquid’: Early backers of start-up disaster Metigy had concerns

October 3, 2023

Metigy collapsed in August 2022 with the court previously hearing that senior staff at the company had got in contact with investors because they had severe concerns about its solvency

Technical Insight

Modernising Business Registers Program Scrapped

September 20, 2023

As part of the 2020 Budget Digital Business Plan the Federal government at the time announced the full implementation of the Modernising Business Registers MBR Program The Legislation that enabled the MBR to proceed received Royal Assent on 22 June 2020

Technical Insight

Insolvency Law Reform – Has the time come for seismic change? – Issue 3

September 18, 2023

In our article Insolvency law reform has the time come for seismic change released on 24 July 2023 Andrew Blundell discussed the findings from the report handed down on 12 July 2023 Inquiry Report from the Parliamentary Joint Committee on Corporations and Financial Services inquiry into corporate insolvency in Australia

Investment scheme leaves families $60 million out of pocket

September 11, 2023

A complex structure of companies linked to Sydney based financial adviser Kris Agrawal and his wife Sashi were placed into voluntary administration in August

Credit Tech Insights with Patrick Coghlan, CEO – CreditorWatch

September 5, 2023

In episode seven of season two of The Cut Principal Andrew Blundell sits down with Patrick Coghlan the CEO of CreditorWatch

Technical Insight

Safeguard Your Business

August 29, 2023

Essential steps to protect against cybersecurity risks and avoid financial distress

Iwan Sunito’s personal $1b pipeline at riskfrom wind-up, lawsuits

August 18, 2023

One GC MQ Park the holding vehicle for Mr Sunito s Macquarie Park site is facing a lawsuit for allegedly failing to make repayments on a $4 5 million loan that began less than a year ago

Cathro & Partners appoints Amanda Rose as general manager

August 17, 2023

Growing insolvency and turnaround consultancy Cathro Partners has marked its two year anniversary with the recruitment of Amanda Rose in a newly created general manager role

Insolvency Law Reform – Has the time come for seismic change? – Issue 2

In our article Insolvency law reform has the time come for seismic change released on 24 July 2023 Andrew Blundell discussed the findings from the report handed down on 12 July 2023 Inquiry Report from the Parliamentary Joint Committee on Corporations and Financial Services inquiry into corporate insolvency in Australia

How AI marketing start-up Metigy took investors for a ride

In the Federal Court this week Metigy executives spoke publicly for the first time about how it attained a $1 billion valuation through Fairfull s deceptions credulous investors and a technology bubble

Insights into the Hospitality and Pub Sector

In episode six of season two of The Cut Founder Managing Principal Simon Cathro speaks with Andrew Jolliffe Director of Asia Pacific Region HTL Property about the pub and hospitality sector

There was nothing AI’ about failed AI start-up Metigy, ex-CFO says

The former chief financial officer of artificial intelligence marketing start up Metigy which was valued at up to $1 billion before it collapsed has admitted the company s products did not use AI

Boss of start-up Metigy confesses to campaign of duplicity

The boss of failed artificial intelligence marketing company Metigy has confessed that he lied to investors forged bank statements and fabricated revenue as part of a campaign of deception

The final moments of AI start-up ‘charade’

I doctored the statements The bulk of the figures are fabricated There would have been some transaction but I don t know the real figures

The building and construction industry reset continues

Andrew Blundell and Simon Cathro of Cathro Partners were appointed on 18 January 2022 as Administrators of Dyldam Developments Pty Ltd

Technical Insight

Obtaining a Pooling Order for a Group of Companies

Pooling is a process where a group of two or more companies in liquidation can be determined as a pooled group by creditors or the court under certain conditions

Navigating Insolvency Risks: Key Indicators and Strategies for Creditors

In the ever evolving landscape of corporate insolvency being vigilant to early warning signs has become crucial for informed decision making in providing credit

Navigating the Dynamic Terrain of Australia’s Hospitality Industry

The hospitality industry in Australia is a vital and thriving sector that plays a critical role in the country s economy

Industry Insight

Insolvency Law Reform – Has the time come for seismic change?

As many of you will be aware on 28 September 2022 the Parliamentary Joint Committee on Corporations and Financial Services began an inquiry into corporate insolvency in Australia and on 12 July 2023 they handed down their report in relation to their findings

Technical Insight

In Words and Deeds – ARITA Journal

In the latest ARITA Journal and off the back of being part of the panel on all things DOCAs at the NSW ACT ARITA Conference Principal Andrew Blundell provides his thoughts around a recent case study the team was involved with that was a bit outside the ordinary and demonstrates

Technical Insight

Navigating the Insolvency and Restructuring Markets in FY 2024.

As the financial landscape evolves businesses and corporations face the ongoing challenge of managing insolvency and restructuring processes effectively both with their own businesses and with customers or suppliers that may experience financial distress or corporate failure

Insights into the Corporate Finance Market

In episode five of season two of The Cut our Founder Managing Principal Simon Cathro speaks with Dave Ellet Director of Moxon Capital about the market outlook for the next 12 24 months in the SME and corporate space

Educational Video

Roles & Duties of a Company Director

A Company Director is someone elected or appointed to manage a company s business and affairs

Technical Insight

Getting statutory obligations with the ATO back on track

Businesses that are unable to pay their statutory debts with the Australian Taxation Office the ATO when they fall due may find themselves facing possible insolvency In this article we summarise two options available to help businesses meet their statutory obligations and mitigate the risk of insolvency

Educational Video

Insolvent Trading & Director’s Role

Insolvent trading is the law under the Corporations Act section 588G that says that if a company is insolvent and a director allows the company to incur a new debt then the director can be made personally liable for the new debts incurred The law makes directors responsible for ensuring

Technical Insight

Insolvency warning signs – what to look out for over the remainder of 2023 and beyond

This year has already thrown up a number of challenges for business and individuals alike Continued inflation rising interest rates supply chain issues labour shortages and extreme weather have all meant that a large number of companies have and will continue to face various challenges that can lead to financial

Cathro & Partners launches personal insolvency service line

Australian insolvency advisory firm Cathro Partners has expanded its portfolio with a new service line focused on personal insolvency

Educational Video

What are Voidable Transactions?

Under the Corporations Act 2001 there are several transactions that may be considered voidable in circumstances where a company is placed into liquidation

Cathro & Partners Expands Service Line to Offer Personal Insolvency Solutions

Leading Australian insolvency advisory firm Cathro Partners is pleased to announce the addition of a new service line focused on personal insolvency This builds on the firm s existing corporate insolvency and Government advisory services

Reckoning due for businesses reliant on capital injections

Simon Cathro founder and managing partner of restructuring and insolvency specialist Cathro Partners says his general view on advice tech providers is they are often too heavily reliant on capital injections because they re not cashflow positive

Technical Insight

Commercial Property Finance Markets

In this week s article Stamford Capital provides some insights into commercial property finance markets

Litigation Funding Insights with Heather Collins

In episode four of season two of The Cut we have Andrew Blundell Principle at Cathro and Partners speaking with Heather Collins

Technical Insight

The impact of non-financial matters on the valuation of businesses

In this week s article Stephen Groves of Groves Partners is our special guest providing some insights into valuation and the key non financial considerations that are relevant to a valuation of a business

Surviving the Rollercoaster: What Retailing Businesses Need to Do in 2023?

Australia s retail industry is facing a very uncertain 2023 as the impact of higher interest rates inflation supply chain issues and cost of living pressures are likely to see consumers reduce their spending particularly on discretionary items

Technical Insight

Being a Director comes with significant risks.

What should you consider when you have been approached to act as a director of a company

Insights into the UK Insolvency Market with Simon Campbell

In our third episode for season 2 Simon Campbell Managing partner at Quantuma Advisory gives us insights into the UK insolvency Market

Educational Video

Small Business Restructuring?

What is Small Business Restructuring under section 453 B Act This video outlines the Small Business Restructuring process timelines duties of Director and restructuring practitioner and the benefits of such an appointment

Technical Insight

Embracing Technology: A Path to Efficiency and Innovation for the Future.

I recently spoke at the Australian Restructuring Insolvency and Turnaround Association ARITA Queensland state conference on technology in professional services firms and this got me thinking about how this information may be of benefit to our Cathro and Partners network

Insights into the Australian Credit Industry

In our second episode for season 2 Nick Pilavidis CEO AICM provides his insights into the Australian Credit Industry

Cathro & Partners was named the Best Insolvency & Restructuring firm

Download to read more

Technical Insight

Unfair Preference Payments, Recent Developments in Case Law.

In recent times we have seen two key decisions heard in the High Court which further clarify the position about potential claims against creditors by a liquidator concerning unfair preferences

VAs’ Preferred Extension Period Cut Short By Creditor

Last month and just days before a fresh hearing brought by plaintiff creditor Maradox Pty Ltd was to commence MG Gold s sole director Mendel Gluck took his sole option appointing Cathro Partners Simon Cathro and Andrew Blundell to the company as voluntary administrators

Beaton names Cathro & Partners as Best Insolvency & Restructuring Firm, revenue < $30m category

The Beaton Client Choice Awards recognise best practice in the professional services sector and are based solely on client feedback The awards reward firms in Australia and New Zealand for their excellent client service expertise in clients areas of need innovation and superior client experience

Technical Insight

GetSwift Court decision on corporate misconduct by a company and its officers.

The Federal Court decision Australian Securities and Investments Commission v GetSwift Limited Penalty Hearing 2023 FCA 100 serves as a timely reminder to company directors and their advisors to ensure that the company is operating in accordance with relevant legislation

Industry Insight, Whitepapers

What retailing businesses need to do to survive 2023’s rollercoaster.

Australia s retail industry is facing a very uncertain 2023 as the impact of higher interest rates inflation supply chain issues and cost of living pressures are likely to see consumers reduce their spending particularly on discretionary items

Insights into the Australian Economic Environment in 2023

February 28, 2023

In our first episode for season 2 Martin Lakos one of Macquarie Bank s market commentators provides his insights into the economy and what we can expect for the year ahead

Educational Video

Mortgagee in Possession?

February 22, 2023

What is a Mortgagee in Possession This video outlines the Mortgagee in Possession process timelines duties of an Agent and the benefits of such an appointment

Technical Insight

What rights do I have as a creditor during a creditors meeting in a Voluntary Administration?

February 21, 2023

The insolvency landscape has gone through major reforms in recent years particularly with the introduction of the Insolvency Law Reform Act 2016 Cth ILRA

Industry Insight

Cathro to help navigate through economic ‘perfect storm’

February 10, 2023

Advisory division will aim to assist government agencies and accountants in lessening the impact of business collapses

Two more Sam Fayad companies caught up in the $280m Dyldam collapse placed in liquidation

February 9, 2023

Australia s third largest apartment builder went under last year and the fallout has continued from its demise

Technical Insight

The holidays are over – Early action when in financial distress.

February 7, 2023

We have enjoyed our holidays are back to work and the kids have returned to school Now the focus is back looking at your business

Cathro & Partners launches government advisory division

February 2, 2023

Newly appointed Cathro Partners principal John Laird will lead the division offering independent advice to government agencies on complex corporate insolvency investigations enforcement and recovery proceedings

Educational Video

Voluntary Administration

December 16, 2022

What is a voluntary administration This video outlines the voluntary administration process and the key processes and options that can be taken

Cathro & Partners announces strategic partnership with Quantuma

December 15, 2022

Sydney Insolvency expert Cathro Partners has today announced a strategic expansion with international business advisory firm Quantuma

It looks like the Metigy liquidators have broken even selling the houses of bankrupt founder

December 12, 2022

The liquidators of failed adtech startup Metigy which collapsed into administration in July just 20 months after raising $20 million in a Series B have taken a $1 45 million hit on the sale of a country property bought using company funds by the startup s now bankrupt founder David

Luxury farm of failed start-up boss sells for $1.45m loss

December 9, 2022

The Kangaroo Valley farm of collapsed start up boss David Fairfull and wife Deborah has sold for $6 25 million at auction $1 45 million less than the $7 7 million the couple paid for the property in November last year

Insights Into the Agribusiness

December 9, 2022

Agribusiness is defined as the industry enterprises and field of study of value chains in agriculture and the bio economy

ASIC investigation into Metigy as David Fairfull goes bankrupt

November 23, 2022

The returns to creditors from Australian startup Metigy look thin with staff entitlements now being paid via a federal government scheme as the corporate regulator ASIC investigates suspected insolvent trading

Tech start-up founder David Fairfull sells Mosman mansion for above $9.75m guide in 13 days

November 23, 2022

The Mosman mansion of tech start up founder David Fairfull being sold by liquidators was only on the market for 13 days before selling for more than its $9 75m guide

Mosman mansion of Metigy boss sold as liquidators hunt for cash

November 23, 2022

The luxury Mosman home of David Fairfull the founder and chief executive of AI start up Metigy quietly sold on Monday as part of a broader sell off of company assets after it collapsed in July

Industry Insight

Audited Financials, What Are the Risks?

November 22, 2022

Audited Financials are qualified financial statements Balance Sheet and Profit Loss by an independent qualified auditor that confirms whether the statements accurately reflect a company s financial performance

Small Business Restructuring – Has It Worked?

November 21, 2022

The process of restructuring a small business is intended to assist with resolving financial distress enabling small businesses to go to creditors to ask for help while staying in control during the process

Mosman home of collapsed AI start-up founder set to test high-end market

November 11, 2022

The Mosman home of David Fairfull founder of collapsed artificial intelligence start up Metigy was listed for sale on Thursday in what agents expect will be a test of the high end market

Industry Insight

The Upward Trend of Formal Insolvency Appointments Continues

November 8, 2022

In May this year I posed the question as to whether the often spoken of insolvency tsunami was finally upon us and whilst that hasn t eventuated formal appointment numbers have continued to rise consistently over the period since and it appears as though this trend will remain through the

Kangaroo Valley home of boss of collapsed start-up Metigy hits market

November 2, 2022

The luxury Kangaroo Valley retreat owned by Deborah and David Fairfull the founder of collapsed artificial intelligence start up Metigy is set to hit the market as liquidators to the group look to retrieve their losses from the sale of the property that was purchased last year for $7 7

Insights Into the Asian Insolvency Market

November 1, 2022

On this episode of The Cut Simon Cathro will be joined as co host by Bob Jacobs from Auxilium Partners Luke Furler the head of Quantuma s Asia Pacific region speaks with Simon and Bob

Technical Insight

Directors Duties

October 25, 2022

Whilst there have been several recent legislative changes in the corporate insolvency landscape including the introduction of small business restructuring simplified liquidation and an increase in the statutory demand minimum to $4 000

Cathro & Partners overseeing liquidation of tech company Metigy

October 11, 2022

In July Metigy left its 75 staff and the technology scene shell shocked when it collapsed owing $32 million to creditors including around $2 5 million to employees

Industry Insight

Corporate Insolvency in Australia – Parliamentary Inquiry

October 11, 2022

On 28 September 2022 the Parliamentary Joint Committee on Corporations and Financial Services began another inquiry into corporate insolvency in Australia

Insights Into the Construction Finance and Property Sector

October 5, 2022

Domenic Lo Surdo Managing Director at Stamford Capital joins us in this episode of The Cut Stamford Capital is Australia s leading independent arranger and provider of commercial property finance In the episode Domenic offers commentary and explores the world of construction finance

Construction Industry Insights

September 30, 2022

We re very lucky to have one of the preeminent national litigation construction and solvency lawyers in town Mr Joseph Scarcella joining us today

Industry Insight

Insights into the Collections Team of the Australian Taxation Office

September 26, 2022

In this episode we are joined by Gary Busby and Bronwyn Dumont from the Australian Taxation Office to provide Insights into the Collections Team In the market s insolvency and restructuring situations the collections team is essential

Industry Insight

Disqualified Directors Insights

September 22, 2022

As we move into more uncertain times and we are seeing a corresponding increase in the number of insolvency appointments the issue of when a director banning might impact a person becomes relevant

Educational Video

Creditors Voluntary Liquidation

September 15, 2022

What is a Creditors Voluntary Liquidation This next video in our education series explains what a Creditor s Voluntary Liquidation is and how the process works

Industry Insight

Director Identification Number Update

September 14, 2022

Director Identification Numbers DIN Reminder to ensure your clients are compliant

Liquidators Appointed for Metigy

September 9, 2022

Following a meeting with creditors today Simon Cathro and Andrew Blundell of Cathro Partners have been appointed liquidators of the three Australian companies within the Metigy Group

How to Manage Your Business Through a Period of Uncertainty & Potential Solutions

September 8, 2022

Small businesses have had to adapt to COVID s effects on the economy over the past two years They are now dealing with a whole new set of difficulties including rising inflation lack of workers high consumer demands and supply chain issues

Metigy goes into liquidation

September 5, 2022

Creditors of Metigy which went into administration late July putting 75 people out of work have voted to place the artificial intelligence marketing platform into liquidation

Embattled tech company Metigy goes into  liquidation owing $32m

September 5, 2022

A struggling Australian tech company owing $32 million has gone into liquidation after it couldn t trade its way out of disaster

Industry Insight

Construction Funding – Industry Update

August 31, 2022

It has been pretty well documented in the mainstream media the issues that have faced the construction industry over the past 12 months Volatility within the market has been caused by a mix of supply chain issues rising costs of materials and labour shortages

ASIC investigates Metigy amid reports of insolvent trading

August 30, 2022

Corporate regulator ASIC has started an investigation into Metigy amid reports the Australia machine led marketing platform had been trading insolvent as it went into voluntary administration

ASIC investigating Metigy, suspected of insolvent trading

August 29, 2022

Small businesses have had to adapt to COVID s effects on the economy over the past two years They are now dealing with a whole new set of difficulties including rising inflation lack of workers high consumer demands and supply chain issues

Industry Insight

Fertile Grounds for Fraud Post COVID

August 17, 2022

Major economic disruptions like COVID low interest loans and supply chain problems increase the need and opportunity for financial fraud How do certified fraud examiners detect fraudsters who fudge the figures

Cathro & Partners Forms Alliance With Auxilium Partners

Cathro Partners operates primarily on the eastern seaboard of Australia while Auxilium operates out of Western Australia This alliance will expand our firms insolvency restructuring turnaround and forensic professional service capabilities nationally

Five V’s big miss! Marketing tech business Metigy hits the skids

Marketing technology company Metigy an IPO hopeful backed by some well known Australian investment shops has called in the administrators only months after planning a capital raising that was seeking a $1 billion plus valuation

CMO’s top 8 martech stories for the week – 4 August 2022

Administrator for Australian martech business Metigy is investigating a sale of its IP and assets after the business went into voluntary administration last week

Update on Enova’s voluntary administration

Creditors for Enova Community Energy and Enova Energy say they have voted in favour of Deeds of Company Arrangement DOCA for each company that will see the entities avoid liquidation and facilitate a better return for creditors

Cathro & Partners Explore Sale of Metigy

Sydney Insolvency experts Cathro Partners are investigating the sale of assets and intellectual property for marketing technology business Metigy following the recent announcement of its voluntary administration

Metigy investors mobilise, ready to go to ASIC

Investors are set to ask the Australian Securities and Investments Commission to investigate fallen tech company Metigy after it collapsed owing thousands of dollars to staff and creditors

Law firm Allens finds administrator for tech biz Metigy

Law firm Allens introduced insolvency boutique Cathro Partners to marketing technology business Metigy only hours before it was tipped into administration

Metigy investors want to rule out foul play as ‘for sale’ sign goes up

Down and out Metigy s investors want to see an urgent and independent review of the company s books as they try to make sense of how a near unicorn could unravel so quickly

Industry Insight

Kingfisher Venture Management – Distressed Asset Workout

Distress in construction and some practical tips that construction businesses might take in situations when they are staring down a financial distress situation

Insights Into the World of a Senior Counsel Barrister

In this episode of The Cut Principal Andrew Blundell is taking over the hot seat to interview Senior Counsel Barrister Farid Assaf

Enova customers shocked being transferred to Origin and EA

Many Enova Energy customers have been shocked by the fact that they have found themselves now customers of Origin Energy or Energy Austalia

Industry Insight

Enova Energy spared from liquidation by deal with fellow small retailer

Enova Energy whose ground breaking community retailer business was forced into voluntary administration last month as a result of Australia s energy market crisis has dodged liquidation through an arrangement with fellow small retailer Energy Locals

Creditors Meeting Achieves Favourable Result for Enova Companies

Creditors for Enova Community Energy and Enova Energy have voted in favour of Deeds of Company Arrangement DOCA for each company that will see the entities avoid liquidation and facilitate a better return for creditors

Industry Insight

Working Capital Management

This article aims to outline to the readers how the proper management of working capital is critical to achieving growth that generates value and strengthens returns across sectors

Industry Insight

Mandatory Audit Requirements for Owners Corporations – Act

The unit s plan in the Australian Capital Territory is managed by the Unit Titles Management Act 2011 the Act and the OC is responsible for managing it

Insights Into the Fair Entitlements Guarantee with Stephen Humphreys

Cathro Partners are experts in providing insolvency and restructuring services that help to create and preserve business value

Cathro & Partners Appointed to Manage Enova Community Energy Administration Process

The Enova Community Energy Board is very disappointed to announce today that Enova Community Energy and Enova Energy its retail electricity arm have been placed into voluntary administration this morning

Australian energy regulator quietly tests resilience of retail market

The Australian Energy Regulator has quietly demanded sensitive financial information from the county s retailers to test their resilience to the energy crisis that threatens to send more to the wall

Enova Energy forced into voluntary administration due to “the current diabolical state of the energy

Australia s first community owned energy retailer Enova Energy has been placed into voluntary administration with the diabolical state of the energy market forcing the company out of business

Energy crisis claims another small retailer

The diabolical state of the energy market in Australia s eastern states has claimed another victim with community owned supplier Enova falling into administration as the crunch hits suppliers both small and large

Technical Insight

When Will I Get Paid?

When will I get paid if the Company that owes me money is placed into External Administration

Educational Video

Members’ Voluntary Liquidation

The second video in our educational series discusses members voluntary liquidation This video will explain both the process of members voluntary liquidation and why numerous companies may need to participate

Industry Insight

Combating Illegal Phoenix Activity

A timely reminder to company officers and advisors that the anti phoenix law reforms introduced over two 2 years ago to combat illegal phoenix activity is at work and is demonstrated in a recent decision where a sale transaction was declared void

Insights of the USA Insolvency World

Simon Cathro is joined by Chip Hoebeke a US Insolvency Practitioner and Fellow of INSOL for our third episode of The Cut

Navin Joins Cathro & Partners!

We are pleased to announce a new member of the Cathro Partners team

Industry Insight

Insolvencies to Spike

In our last newsletter Andrew wrote an article regarding the likelihood of insolvencies growing and the level of enquiries picking up generally for the insolvency and restructuring industry

Industry Insight

Is the Tsunami Finally Upon Us?

Ever since the onset of the COVID 19 pandemic in March 2020 media and industry commentary in the insolvency and restructuring space has been dominated by talk of a pending tsunami of insolvencies

Insights into the world of Distressed Private Equity

Cathro Partners are experts in providing insolvency and restructuring services that help to create and preserve business value

Industry Insight

Research and Development Tax Incentives

As we start to settle into the new market conditions and have witnessed a significant change in businesses primarily as a result of a greater uptake in new technologies and changing market demand

Industry Insight

Elections, Debts, and DPN’s

21 May 2022 Is it the beginning of the end for Australia s COVID affected statutory collection practices

Insights into the insolvency profession with John Winter at ARITA

Simon Cathro is joined by arguably the most important person in our industry John Winter In this episode we get to know who John is what his role as CEO at ARITA involves and what he is passionate about for ARITA

Industry Insight

The Australian Private Debt Market Continues to Grow Exponentially

Even as we exit the COVID economic market we still witnessed record growth in the Australian private debt market for 2021

Educational Video

Safe Harbour – for financially distressed companies

The first in our series of educational videos This video explains the Safe Harbour process and how Cathro Partners can help businesses through financial difficulty

Safe Harbour for financially distressed companies – Webinar

The Federal Government recently passed laws that allows directors of financially distressed businesses a new safe harbour to turn around their business without the stress of being personally pursued for insolvent trading actions

Industry Insight

Director Identification Number (“DIN”) – 5 April 2022 Changes

What is a DIN A DIN is a unique fifteen digit identifier given to a director or a person who intends on becoming a director that once issued will remain with that person for life

Technical Insight

Deed of Company Arrangement

This article aims to outline to the readers how a company may restructure its financial affairs through the formal appointment of an administrator and then entering into what is known as a deed of company arrangement

ATO’s ticking time bomb of unpaid construction tax bills

February 16, 2022

Construction related businesses have built up a mountain of unpaid tax bills during the pandemic threatening a wave of failures this year that could take otherwise healthy creditors down with them insolvency practitioners warn

Technical Insight

Restructuring Through a Refinance Arrangement

February 15, 2022

We are likely to see an increased number of businesses suffering from business financial distress caused by the COVID pandemic and potentially the effects of inflation that we are likely to see during 2022

Cathro & Partners Appoints Declan Lane as Queensland State Manager

February 1, 2022

Mr Lane joins the firm with over six years of insolvency experience in corporate and personal appointments and expertise in corporate finance

Technical Insight

Can I “Set Off”an Unfair Preference Claim?

February 1, 2022

The full federal court in the recent decision of Morton as Liquidator of MJ Woodman Electrical Contractors Pty Ltd v Metal Manufacturers Pty Limited 2021 FCAFC 228 considered the provisions of

New home sales show builders face a tough 2022

January 20, 2022

Home builders face a tough 2022 as soaring demand for new houses and rising costs and labour shortages put them at risk of a profitless boom

Technical Insight

Welcome to 2022 – Deja Vu Anyone?

January 19, 2022

Back at the end of 2020 I spent some time reflecting on what had occurred during that year and its effects on the business landscape

Industry Insight

Resolving Disputes Through Mediation

December 20, 2021

We have all experienced and witnessed situations both personally and with our clients regarding a breakdown in a relationship that has led to a dispute

Technical Insight

Trusts and Insolvency – Will We Get Clarity Anytime Soon?

December 6, 2021

Trusts and Insolvency For anyone who has come across this area and the interaction between trust law and the Corporations Act Act you would understand there is significant conjecture

Andrew Blundell joins restructuring boutique Cathro & Partners

December 5, 2021

Recently established restructuring consultancy Cathro Partners has picked up its first post launch hire with familiar face Andrew Blundell joining the firm as a Principal

Cathro & Partners Appoints Andrew Blundell as Principal

December 1, 2021

Sydney Cathro Partners the boutique insolvency and corporate restructuring firm recently founded by industry expert Simon Cathro has appointed Andrew Blundell as a Principal

Industry Insight

The New Succession

November 23, 2021

How do established accounting firms deal with the challenges of succession Exiting partners and business owners want to maximise value while ensuring their clients and staff continue to be looked after

Industry Insight

Changing Times for All Businesses

November 9, 2021

The impact of Covid 19 in the last two years has seen and will continue to see some permanent changes occur in the small to medium business sector

Industry Insight

Small Business Restructuring Process

October 26, 2021

Will businesses in financial distress or teetering on the edge of insolvency start to utilise the small business restructuring process introduced in January 2021 now that we have emerged out of the COVID lockdowns related legislative protections and support packages

Technical Insight

SME Recovery Loan Scheme: How It Could Improve Your Cashflow and Increase Funding Lines

October 12, 2021

The purpose of this week s article is a technical piece outlining the scheme s terms it s basis for existence and a working example that highlights the savings

Industry Insight

Take Advantage of This Low Interest Rate Opportunity With a Finance Facility Review

September 29, 2021

In this low interest rate environment access to capital has been plenty Your clients should be taking advantage of this opportunity and reviewing their finance facilities to determine if they are getting the best possible financing deal

Technical Insight

Books and Records: A Gatekeeper to Insolvency Presumptions

September 15, 2021

In our last article we spoke about the benefits of maintaining financial records to monitor a business s financial health

Industry Insight

Have Your Clients Properly Documented Their Agreements in Their Business?

September 1, 2021

As restructuring and insolvency practitioners we often encounter businesses failing simply because they have poor legal documents or financial systems in place

Industry Insight

Rolling Lockdowns, Uncertain future for businesses, the Advisers and What it Means for your client’s

August 16, 2021

The world has changed Australians are locked down and facing challenging restrictions What that means is that businesses your clients could be severely impacted

Worrells Loses Fee Generator As Cathro Goes Boutique

August 11, 2021

For former Worrells partnerSimon Cathro the worst of times might also be the best of times to pursue his ambition to found and grow his own insolvency firm

Napoleon saved from liquidation

August 15, 2019

Three months after going into voluntary administration Napoleon Perdis Cosmetics has been saved from liquidation by KUBA Investments following a meeting with creditors

‘Daigou queen’ offers to save Napoleon Perdis

8220 Daigou queen 8221 Livia Wang and former Witchery executive Henry Lee have come to the rescue of Napoleon Perdis offering to buy his eponymous make up empire which went into voluntary administration in January 8230

Mecca, Sephora blamed as Napoleon Perdis enters administration

January 31, 2019

An influx of international and independent beauty brands contributed to the collapse of Australian grown cosmetics empire Napoleon Perdis Group which has stepped up a search for buyers after appointing voluntary administrators

Administrator investigating circumstances behind ‘unofficial’ Foodora directors

September 20, 2018

The Australian Tax Office could struggle to pursue individual Foodora directors for what is being flagged as more than $10 million in tax and superannuation liabilities as the company s only official Australian director is a 23 year old accountant

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