There have been four company liquidation notices in the Sydney Local Government Area today, bringing the total for November to nine.
Today’s liquidations:
Billy Lou Kids Shoes Pty Ltd
SYDNEY SOUTH GATEWAY PTY LTD
CTLS Holdings Pty Limited
FREDDIES GROUP INVESTMENTS PTY LTDtrading asROVER & CO GROOMING
News Corp analysis of ASIC insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state.
Here’s the list of all liquidations for November in Sydney, by postcode:
2000:
Billy Lou Kids Shoes Pty Ltd
CTLS Holdings Pty Limited
Diamond Constructions Pty Ltd
Indosuez Australia Securities Pty Limited
Jessie May’s Support Solutions Pty Ltd as The Trustee for Garner Support Trust
New Aussie Investment Pty Ltd
SYDNEY SOUTH GATEWAY PTY LTD
2008:
Done Pty Ltdtrading asFormerly Trading as DataMossa
2042:
FREDDIES GROUP INVESTMENTS PTY LTDtrading asROVER & CO GROOMING
Liquidators are appointed to wind up the affairs of a company when it closes down.
They can be appointed in a voluntary winding up of a business; whether initiated by members or creditors; or as part of a court-ordered winding up.
Their role is to sell off the business’s assets and use the resulting funds to pay off debts, if there are any.
ASIC publishes liquidation notices, as well as other insolvency and external administration-related notices throughout the day every weekday.
The previous liquidation article for the Sydney council area can be viewed here.
Corporate watchdog ASIC also takes action against the individuals behind failed companies. Here is a look at some of the exposed blacklist: 1000 banned or disqualified Aussie directors, advisers named