Appointment details
| Appointment type | Receivership |
| Appointment date | 4 January 2016 |
| Appointees | James Stewart, Ryan Eagle |
| Companies subject to Administration | Dick Smith Sub-Holding Pty Ltd ACN 160 162 925 DSE Holdings Pty Limited ACN 001 456 720 Dick Smith Electronics Pty Limited ACN 000 908 716 Dick Smith (Wholesale) Pty Ltd ACN 000 445 956 InterTan Australia Pty Ltd ACN 002 511 944 Dick Smith Electronics Franchising Pty Ltd ACN 054 295 733 Dick Smith Management Pty Ltd ACN 001 585 735 DSE (NZ) Limited CN 372602 |
| Office | Sydney |
KPMG contact
Elesa Frangieh-Nencioni
elesafn@kpmg.com.au
+61 2 9455 9160
Background information
Ferrier Hodgson partners James Stewart, Jim Sarantinos and Ryan Eagle were appointed Receivers and Managers over DSH and a number of associated entities (listed below) on 4 January 2016. The appointment was made by a syndicate of lenders which hold security over the Group.
The businesses will continue to operate as usual while the Receivers look at the restructuring and realisation opportunities for the Group.
Company details
Dick Smith Holdings Ltd ACN 166 237 841 was placed in receivership on 4 January 2016 following the appointment of Voluntary Administrators.
Dick Smith is one of the best known brands associated with consumer electronics in Australia and New Zealand.
DSH operates 393 stores across Australia and New Zealand under four brands, Dick Smith, Electronics powered by Dick Smith, Move and Move by Dick Smith.
There are 3,300 employees and annual sales of approximately $1.3 billion.
Customer communications
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Employee communications
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Creditor communications
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Court documents
Court directions proceedings and documentation relating to this matter.
Media releases
ASIC insolvency material
The Australian Securities & Investments Commission provides resources on insolvency for directors, practitioners, employees, creditors and investors.
Support
Coping with the emotional impact of financial distress.
Beyond Blue
The beyondblue Support Service provides confidential, one-on-one counselling with a trained mental health professional.
Phone: 1300 22 4636
Lifeline
Phone: 13 11 14 Australia-wide
Online crisis support chat (7:00pm to 4:00am daily)
