As business owners, it is important to be aware of the solvency of other businesses that you trade with, such as suppliers, customers and co-investors. If you are concerned about the solvency of your trading partners you can check on various government websites to check their status.
This website is run by the Australian Securities and Investments Commission (ASIC) and it is compulsory for all liquidators and voluntary administrators to publish notices on this website.
It is free for anyone to search this website and you don’t need to register. You can search by the company’s name or it’s A.C.N. if a positive search result is found it will display the name of the liquidator or administrator and the date of their appointment.
If the company has been placed into liquidation or administration, you can then contact the liquidator or the administrator’s office for more information and to record your claim.
This website is also run by the ASIC, but unlike the insolvency notices website it contains more general information about the ASIC.
This website will also allow you to search to see if the company is under external administration, but it will not tell you who the liquidator or voluntary administrator is.
To perform a more detailed search, you will need to pay a fee and register with a third party search company.
If you would like more information on company liquidations, then please contact Australian Company Liquidations. We are registered company liquidators who offer a FREE 24/7 insolvency hotline for Australian directors seeking expert advice. Please call us on 1800 731 155 now.