PDH Group Statutory Report to Creditors released

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Insight Australia's taxation system needs efficiency and simplicity

While tax reform has been widely discussed throughout the political landscape since the Henry Tax Review was released 14 years ago, it is becoming an increasingly emphasised in recent years due to questions around the efficiency of the Australian taxation system, particularly in relation to the heavy reliance on personal income taxes and the sustainability around this for the future.

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Restructuring and turnaround

We help clients identify and undertake restructuring and turnaround initiatives to preserve profitability and protect and recover value.

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Independent business reviews
Does your company need a health check? Grant Thornton’s expert team can help you get to the heart of your issues to drive sustainable growth.
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Safe Harbour advisory
Our Safe Harbour advisory helps directors address requirements for Safe Harbour protection and business turnaround.
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Debt advisory
We work closely with clients and lenders to provide holistic debt advisory services so you can raise or manage existing debt to meet your strategic goals.

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Business services

We work with private businesses across Australia – and internationals looking to Australia for their investments and operations – on all accounting and...

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Private business company secretarial services
We provide company secretarial services and expert advice for private businesses on all company secretarial matters.
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We act as a third-party partner to international businesses looking to invest in Australia on your day-to-day finance and accounting needs.
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We provide SMSF advisory services across all aspects of superannuation and associated tax laws to help you protect and grow your wealth.
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We help you build comprehensive management reporting so that you have key insights as your business grows and changes.
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We help with all financial reporting needs, including set up, scaling up, spotting issues and improving efficiency.
Forecasting & budgeting
We help you build and maintain a business forecasting and budgeting model for ongoing insights about your business.
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Our team of experts provide ATO audit support across the whole process to ensure ATO requirements are met.
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Our family business consulting team works with family businesses on running their businesses for continued future success.
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We help private business leaders efficiently structure their organisation for optimal operation and tax compliance.
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Environmental, Social and Governance (ESG)

Having a considered and informed ESG response has never been more important for all organisations as we are seeing awareness of the elements of ESG continue to...

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There is a growing demand for organisations to provide transparency on their commitment to sustainability and disclosure of the nonfinancial impacts of their business activities. Commonly, the responsibility for sustainability and ESG reporting is landing with CFOs and finance teams, requiring a reassessment of a range of reporting processes and controls.
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With the ESG and sustainability landscape continuing to evolve, we are focussed on helping your business to understand what ESG and sustainability represents and the opportunities and challenges it can provide.

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Our management consulting services team helps you to plan and implement the right strategy to deliver sustainable growth.
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We provide financial consulting services to keep your business running so you focus on your clients and reaching strategic goals.

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Asia

The growth gateway

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China practice
The investment opportunities between Australia and China are well established yet, in recent years, have also diversified.
Japan practice
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India practice
It’s an exciting time for Indian and Australian businesses looking to each jurisdiction as part of their growth ambitions.
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Our Singapore Practice works alongside Singaporean companies to achieve growth through investment and market expansion into Australia.

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Agribusiness, Food & Beverage

Supporting the growth of ‘Australian Made’ in today’s markets

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Energy & Resources

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Renewable Energy
Transformation through energy transition

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Setting Australia’s knowledge powerhouse up for success

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Real Estate & Construction

Supporting the sector to respond to economic and social shifts

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Retail & Consumer Products

Our aim is to help you find a better, simpler, more efficient, and more profitable way of doing things to keep your business safe and help you grow.

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Exciting, fast paced, innovative and disruptive

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Business Planning and Strategy
Having an honest, broad-reaching and thought-provoking discussion with a skilled, independent advisor can be the catalyst for clarity – a direction to take your business forward and an understanding of what is key to success.

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Creditors were advised yesterday the Liquidators have issued their ‘Statutory Report to Creditors’, which was made available to all creditors on Wednesday, 14 June 2023. This Report is a detailed update for creditors as required under the Corporations Act, and provides creditors with information in relation to:

The status of asset realisations and the likelihood of a dividend;
Creditors including details of priority employee claims, secured and unsecured creditors; and
Findings from the liquidators’ preliminary investigations to date, including potential insolvent trading and Director conduct.

Grant Thornton Spokesperson said, “This detailed report provides our preliminary findings in relation to the circumstances leading up to the Porter Davis collapse, including our preliminary investigations to date. Investigations are continuing and further updates will be provided to creditors as the liquidations progress. A Creditors Meeting will be held in Melbourne on June 28 2023.”

A copy of the Statutory Report to Creditors is available on request. Creditors and customers can access a copy of the report via their personal login on our Creditor’s Portal.

For more information, please email:
Customers: pdhgroupcustomers@au.gt.com
Creditors/suppliers: pdhgroupcreditors@au.gt.com

Media enquiries please contact:
Carla van den Hoorn
Communications Manager
T +61 7 3222 0258
E carla.vandenhoorn@au.gt.com

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