23 December 2009
Jirsch Sutherland appointed receiver and manager of Jackgreen
(International) Pty Ltd
Specialist insolvency, turnaround management and forensic accounting firm Jirsch
Sutherland has been appointed as receiver to Jackgreen (International) Pty Ltd, the
trading entity and wholly owned subsidiary of ASX-listed company Jackgreen Energy
Ltd (ASX:JGL). This follows Jackgreen Energy being placed into administration on 18
December 2009.
Jirsch Sutherland Partners Sule Arnautovic and John Kukulovski were appointed as
Joint Receivers today, Wednesday 23 December 2009. The appointment was made
by the company’s principal lender/financier.
The Receivers are currently assessing the financial position and staffing levels of the
company. Customers of Jackgreen Energy have been migrated to other energy
suppliers, including Energy Australia, Integral Energy and others, depending on the
customer’s location.
Established in 2005, Jackgreen Energy was Australia’s dedicated renewable energy
retailer, licensed in NSW, the ACT, Queensland, South Australia and Victoria. It was
the only licensed energy retailer throughout Australia to have a component of
GreenPower in every product it sold. It had more than 70,000 customers.
About Jirsch Sutherland
Established in 1984 with its HQ in Sydney, Jirsch Sutherland is a specialist
insolvency, turnaround management and forensic accounting firm. Jirsch Sutherland
services accounting, legal and finance firms as well as organisations across all
industry sectors. The firm conducts business in a fair and ethical way and have a
reputation for delivering results that work for all concerned
For further information or to speak with Sule Arnautovic:
Lisa Llewellyn
Llewellyn Communications
m: 0419 401 362
e: lisa@llewcom.com.au
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