Starrs & Co Pty Limited
Andrew Heard and Anthony Phillips were appointed the Joint and Several Liquidators of the above company on 13 October 2009, following their earlier appointment as Joint and Several Administrators on 13 July 2009. Their appointment followed the former appointment of Christopher John Munday and Scott Angus Blackwood of Ernst & Young as Receivers and Managers of the Company's property on 10 July 2009.
The liquidation is currently without funds. Receivers and Managers were appointed by the Company's secured creditors to realise their security. After the realisation of all Company assets there is a likely shortfall to the secured creditors of approximately $6.3 million.
We currently have many ongoing investigations relating to potential legal claims that may be pursued. A return to creditors will be solely dependent on the successful prosecution of these claims. Creditors will be informed in writing once we are in a position to comment further on the potential recoveries.