York Capital to be wound up

7 July 2011

The corporate regulator has obtained orders to wind up York Capital Limited – a company once reported to have been taken over by former Fincorp director Graeme Byers.

The Australian Securities and Investments Commission (ASIC) established the company failed to lodge its financial reports and hold annual general meetings for the past three years.

The Federal Court of Australia ordered that York be wound up and appointed Paul Burness as liquidator.

ASIC’s investigation also found York Capital failed to appoint the statutory minimum of three directors and comply with a court order dated 9 June 2009 which required financial accounts be lodged with ASIC within 28 days.

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