Metigy suspected of insolvent trading while founder bought luxury homes
The luxury homes of Metigy CEO David Fairfull are being pursued by administrators and the company’s largest creditor, Regal Funds Management.
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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.
Metigy was valued at $1 billion by one investor just months before going into administration with $20,000 cash in the bank and millions in liabilities.
A Sydney entrepreneur’s house is caught up in the collapse of his marketing technology start-up Metigy.
A Sydney entrepreneur’s house is caught up in the collapse of his marketing technology start-up Metigy.