A report to creditors has been prepared by the liquidators of two Starleaton companies that entered liquidation earlier this year.
The companies that entered liquidation were known as Starleaton Holdings Pty Ltd and SDS Bidco Pty Ltd.
The report, prepared by Andrew Blundell and Simon Cathro of Cathro & Partners, is designed to provide creditors with “an update on the progress of the Liquidations, the likelihood of a dividend and other matters as required under the law”.
The estimated return to staff for their wages and annual leave is estimated to be between 40.86 cents in the dollar and 100 cents in the dollar, while superannuation, redundancy and payment in lieu of notice of termination is estimated to…