Failed ad agency Hammond & Thackeray continues to trade as liquidators look to claw back debts
Healthcare and rural ad agency Hammond & Thackeray is continuing to trade after the liquidator, BRI Ferrier, decided completing work in progress would recover more money for creditors, including subsidiaries of News Corp and Fairfax, who are currently owed an estimated $4.4 million.
However, in the report to creditors issued yesterday, the liquidator claimed the bulk of outstanding invoices would be unlikely to be repaid.
Mumbrella understands a number of creditors are deeply unhappy about the matter with at least four expressing interest in appointing a new liquidator.
The liquidator also told creditors the company’s Melbourne office had been closed and a number of former employees had been engaged as contractors as they work towards completing the outstanding work by late February.
Hammond & Thackeray’s parent company, The Healthy Thinking Group along with directors Anthony Northam and Brian Robson have been approached for comment. The liquidator, BRI Ferrier, is preparing a detailed response to Mumbrella’s questions.
A meeting of creditors will be held in Sydney on February 9.
topics
Anthony Northam
BRI Ferrier
Brian Robson
Hammond & Thackeray
Healthy Thinking Group
liquidation
