|Appointment type:||Voluntary Administration|
|Appointment date:||5 October 2006|
|ACN:||Betta Stores Limited (In Liquidation): ACN 009 710 605
BSL Finance Pty Ltd (In Liquidation): ACN 058 061 822
Betta Stores (Southern) Pty Ltd (In Liquidation): ACN 059 881 220
Betta Stores (Northern) (In Liquidation) Pty Ltd: ACN 112 330 944
Betta Electrical Pty Ltd (In Liquidation): ACN 058 660 245
Betta Buying Associates Pty Ltd (In Liquidation): ACN 091 558 575
BSL Wholesale Pty Ltd (In Liquidation): ACN 084 104 950
BSL Rental Pty Ltd (In Liquidation): ACN 084 104 987
A.K. Truscott Investments (In Liquidation) Pty Ltd: ACN 007 818 493
Truscott Electronics (In Liquidation) Pty Ltd: ACN 007 549 206
Truscott Finance Pty Ltd (In Liquidation): ACN 007 598 389
P.G.A. & Associates Pty Ltd (In Liquidation): ACN 007 755 615
|Appointee(s):||John Greig and Simon Wallace-Smith|
Tel: +61 7 3308 7071
There are 12 companies that comprise the BSL Group, one of which is the well-known retailer Betta Electrical, which has 250 franchised stores across Australia. BSL’s headquarters are in Brisbane with the majority of retail stores located in Queensland. The companies’ main business is electronics and appliance retailing.
On 5 October 2006, the directors of the BSL Group appointed John Greig and Simon Wallace-Smith Administrators. Receivers and Managers were appointed to BSL and certain other subsidiaries shortly thereafter by the CBA, pursuant to its fixed and floating charges over all of the assets and undertakings of those companies.
The Administrators convened meetings of creditors for each company on 22 December 2006 and 3 January 2007 at which creditors resolved to wind up each company. The creditors appointed John Greig and Simon Wallace-Smith as Liquidators. On 22 November 2010, David McEvoy and Philip Carter resigned as Receivers and Managers.