The Sneakerboy Group of Companies today announced that Stephen Dixon of Hamilton Murphy Advisory has been appointed as Voluntary Administrator to the Companies.

The Voluntary Administration appointment has been made due to short term financing difficulties being experienced by the Company.  

The difficult but prudent decision has been made to initiate the Voluntary Administration process. The Administrator will now assess the ongoing viability of the business as he assesses the ability of the Companies to continue to operate as a going concern. The Companies have previously held discussions with parties who have expressed an interest in the purchasing the business. These discussions are now being urgently escalated by the Administrator as part of the Voluntary Administration process.

The first creditors meeting will be held on Wednesday, 13 July 2022 at 11am. At this meeting, details will be provided to all stakeholders in relation to the financial and structural position of the Companies.

For business enquiries, please contact:

Stefanie Krienke

Hamilton Murphy Advisory

+61 475 212 789stefanie@hamiltonmurphy.com.au

For media enquiries, please contact:

Justin Kirkwood

Kirkwoods Corporate Relations

+61 411 251 324Justin@kirkwoods.com.au