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Anthony Murray and his son, Danny Luke Murray, from Martinsville, NSW, have been banned by ASIC from managing companies for 4 years as a consequence of their involvement in two failed corporations.
From 2007 to 2019, Anthony served as a director for 2 failed corporations, MKD Customized Stainless & Design, which was de-registered, and Website Engineering Options (SES). Danny was a director for SES and one other failed firm, Customized Stainless and Design (CSD), between 2014 and 2019.
All three corporations operated on the NSW Central Coast, with MKD and CSD providing fabrication and set up providers for business and residential purposes, and SES offering development providers to the mining, development, and manufacturing industries.
In a media launch, ASIC stated it was involved about each administrators’ failure to make sure adequate enterprise information, Anthony permitting SES to proceed buying and selling whereas bancrupt, and Danny subsequently permitting the corporate to incur money owed it couldn’t repay.
The company watchdog stated it was additionally involved about each administrators’ involvement in unlawful phoenix exercise, once they moved property from an unrelated firm, Dr McCool, to CSD, and later to MKD, leaving the earlier firm with out the means to satisfy its monetary obligations.
The mixed debt throughout the three corporations amounted to $1.6 million, together with $748,000 owed to the Australian Taxation Workplace.
The ASIC resolution to disqualify Anthony and Danny have been based mostly on statutory reviews lodged by appointed liquidators Travis Pullen of TJP Advisory, Brisbane, for MKD, Chad Rapsey of Rapsey Griffiths Turnaround & Insolvency, Newcastle, for SES, and Simon Cathro of Worrells Solvency and Forensic Accountants, Sydney, for CSD.
In help of every liquidator’s supplementary report, ASIC supplied funding from the Assetless Administration Fund.
The ASIC ban for each Anthony and Danny Murray is efficient till Oct. 16, 2027.
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