The Supreme Court of Queensland today appointed provisional liquidators to Brisbane-based financial services company Your Trading Room Pty Ltd (YTR), following an application by ASIC.

The appointment follows enquiries being made by ASIC which revealed that YTR has no director and had vacated its Australian business premises in Cannon Hill, Brisbane.

Simon Vertullo and Damian Templeton, of KPMG, were appointed as provisional liquidators by the Court to identify and secure the assets and records of YTR and to report to the Court in relation to the affairs of the company before the hearing of ASIC’s application to wind up YTR on just and equitable grounds. That application will be heard by the Court on 10 May 2012.

Editor's note:

On 10 May 2012 the Supreme Court of Queensland ordered that Your Trading Room Pty Ltd be wound up on just and equitable grounds and appointed the existing provisional liquidators (Messrs Vertullo and Templeton of KPMG) as liquidators of the company.