After seeing the number of appointments being relinquished by Queensland-based liquidator and trustee Brendan Nixon, iNO can but wonder wonder at the depth of cosiness which must exist between SM Solvency Accountants‘ owner Jarrod Sierocki and at least some of the equity parters at Vincents.As revealed by documents lodged by Nixon’s lawyers in the Federal Court, all told the Vincents trio of Nick Combis, Ashley…
Vincents Business Advisory director David Rose.SM Solvency Accountants’ Jarrod Sierocki.As iNO reported last week, our recent investigations indicate that SM Solvency Accountants, having lost key staff in the past few months, was also about to lose Brendan Nixon, the only member of the firm authorised to accept insolvency appointments. Despite multiple requests via mail and voicemail to either confirm or deny neither Nixon or SM’s…
Brendan Nixon.When a firm has but a single WIP magnet, its continued existence might be deemed precarious when the appointment taker declares he’s done.According to iNO’s sources, that’s what’s happening up in Annastonia where Jarrod Sierocki’s SM Solvency Accountants is contemplating the departure of key man and registered liquidator Brendan Nixon. We hear Brisbane-based Nixon has decided to take a break and with nobody else…
Moore Recovery’s Desmond Teng.Every week another new insolvency firm seems to emerge as practitioners of an optimistic bent bet on the resumption of a rate of external administrations consistent with Capitalism’s proper and unimpeded functioning.This week iNO chanced upon an example not so much of a new occurrence as of a regeneration, through freshly minted Moore Recovery.As readers will be aware, the former Moore Stephens…
Resigned. Ex- Jirsch Sutherland partner Daniel Civil.Among the litter of fledgling new insolvency firms that have been spawned during this pandemic period, there have also been – inevitably – departures. The grass always looks greener when you’re standing on scorched earth.In recent weeks national mid-tier Jirsch Sutherland has lost two senior operatives with the departures of chief operating officer Gareth Gammon and long time partner…
Ex RSM partner Dave Mutton – another liquidator going it alone.RSM Partner Jonathan Colbran.If liquidators leave their firms to start a new venture and take none of their appointments does that indicate that a parting was less than amicable?Not necessarily is the only appropriate reply to such rhetorical gambits but the thought occurred to iNO – as such malignancies tend to – whilst reading a…
Simon Cathro of Cathro & Partners.For former Worrells partner Simon Cathro, the worst of times might also be the best of times to pursue his ambition to found and grow his own insolvency firm.A 25 year veteran of the sector who’s career includes stints with Hall Chadwick, PwC, Deloitte and EY before he arrived at Worrells in 2015, Cathro told iNO yesterday that despite COVID…
Online News Corporation’s Jarrod Sierocki.Insolvency practitioners tend to have well honed instincts for an opportunity but iNO can only wonder what Hall Chadwick’s Ginette Muller and Insolvency Guardian’s Jarrod Sierocki have identified that’s convinced them to invest in the digital media space.Along with Sydney-based publicity veteran Rolene Markson, Muller and Sierocki are, iNO has learned, in the process of fund raising for Online News Corporation…
iNO PriorityRRI Advisory’s Trajan “John” Kukulovski. RRI Advisory’s Liam Bellamy. Noses appear to be out of joint in the Chan & Naylor family, with iNO learning that the mid-tier accountancy is looking elsewhere for insolvency services after its existing go to liquidators – Liam Bellamy and Trajan “John” Kukulovski – parted company with Chan & Naylor principals Ed Chan and Peter Ristevski. The rumours coming…
O’Brien Palmer’s Daniel Frisken. (Image: O’Brien Palmer)Hall Chadwick partner Sule Arnautovic. (Image: Hall Chadwick)Everybody wants to be an iron ore magnate these days but liquidator Daniel Frisken’s foray into the mining and minerals game has come unstuck with the placing into voluntary administration (VA) of ICA Mining, a company which had until recently purported to be advancing the resurrection of the old Peko copper gold…