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Administrator’s report alleges One of a Kind Community Support likely ‘traded insolvent’ and may have misspent money – The Northern Daily Leader

Tamworth charity One of a Kind Community Support faces allegations it traded insolvent and that managers misspent thousands of dollars before the organisation went into administration in 2019, according to a voluntary administrator report published this week. The 49-year-old charity was forced to sell almost all of its assets, including several buildings it owned. It closed most of its stores and drastically downsized during administration after 2019. It also laid-off 21 of 22 staff. The charity’s new volunteer president and treasurer Michael Ticehurst, appointed after the charity emerged from voluntary administration, said the charity remained both solvent and operational, but said the “emotional hurt” of the turmoil “is still being fe…

Read the full article at: https://www.northerndailyleader.com.au/story/7361859/

Category: LiquidationBy Insolvency GuardianJuly 29, 2021

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Administrator’s report alleges One of a Kind Community Support likely ‘traded insolvent’ and may have misspent money – The Northern Daily Leader

Tamworth charity One of a Kind Community Support faces allegations it traded insolvent and that managers misspent thousands of dollars before the organisation went into administration in 2019, according to the report of a voluntary administrator published this week. The 49-year-old charity was forced to sell almost all its assets, including several buildings it owned, close most of its stores and drastically downsize during administration after 2019. It also laid off 21 of 22 of its staff. The charity’s new volunteer President and Treasurer Michael Ticehurst, appointed after the charity emerged from voluntary administration, said the charity remained both solvent and operational, but said the “emotional hurt” of the turmoil “is still be…

Read the full article at: https://www.northerndailyleader.com.au/story/7361859/charity-faces-allegations-it-traded-insolvent-misspent-money/

Category: LiquidationBy Insolvency GuardianJuly 29, 2021

Post navigation

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May 31, 2025
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