Page 2 - Simon Cathro News Today

The luxury homes of Metigy CEO David Fairfull are being pursued by administrators and the company’s largest creditor, Regal Funds Management.

Administrators are now urging the sale of the properties - a mansion in Mosman and a luxury estate in Kangaroo Valley with a private rainforest waterfall - to claw back funds for creditors.

All the latest martech and adtech news from Metigy, Freshworks, Zen Global, mParticle, monday.com, Storyblok, Fyllo and Contentgine

Down-and-out Metigy’s investors want to see an urgent and independent review of the company’s books, as they try to make sense of how a near unicorn could unravel so quickly.

Australian tech firm Metigy, founded in 2015 by CEO David Fairfull (pictured) and CTO Johnston Lin, appointed administrators Cathro Partners on Friday night.

The rarely used resilience test requires retailers to supply financial information, and comes amid heightened concerns about the fallout of the energy crisis.

Australia’s first community-owned renewables supplier Enova has gone into administration while at the big end of the market, EnergyAustralia has been hit with heavy losses.

An Australian insolvency firm has marked Australias capital for its next office launch. Cathro & Partners has opened up shop in Canberra, expanding its presence from Sydney and Brisbane. Cathro & P

Demand for advice is increasing as businesses emerge from the pandemic, it says.

Corporate insolvency – or the threat of it – is crucial to keeping businesses honest, and when that doesn’t happen, problem debts build up – as they are now.