Partner
Darryl Kirk
T:
+61 7 3613 3613
M:
Brisbane
Darryl’s career has spanned 40 years, with 28 years in chartered practice, principally in the fields of corporate restructuring, financial risk management and Insolvency. Darryl has also spent 12 years in banking and finance, credit risk management and impaired asset management.
As managing partner of the Brisbane office, Darryl led the practice through its initial stages and has since been instrumental in its success and growth. His experience and expertise have established him as one of the most trusted advisors in insolvency and turnaround.
His industry experience includes exposure to a wide range of industries including domestic and commercial building and construction, managed funds, property and land development, pharmaceutical industry, retail organisations, civil construction, real estate, manufacturing, hotels and tourism and agriculture.
Formal restructuring of IT business through Voluntary Administration/ Deed of Company arrangement
SurePact, a SaaS company based in Brisbane, needed a strategy to head off prospective financial distress. They needed a multi-pronged solution that addressed the future viability of the business, compensated their outstanding creditors and managed stakeholder expectations
Cor Cordis was engaged to resolve these complex issues impacting SurePact. We adopted a successful voluntary administration (VA)/deed of company arrangement (DOCA) process which resulted in creditors receiving 100 cents in the dollar, the majority shareholding was sold and the DOCA was completed. Today, SurePact continues to operate as a successful business.
An independent assessment of contractor viability for an earthmoving company in QLD. The principal contractor had concerns regarding the financial distress of a subcontractor. We provided a review of the financial circumstances of the subcontractor and a risk assessment of their viability. We enabled the principal contractor to make informed decisions on whether to award further contract works and avoid potential risks.
A receivership of listed mining entity and its subsidiary. The voluntary administrator’s sale process resulted in aggrieved secured creditors. Our intervention resulted in the sale of mining assets at 13 times the amount achieved by the voluntary administrator. We delivered the provision of a pool of funds available to be distributed to security holders.
ORIC Panel reviewer to assist in determining compliance with regulations. Office of the registrar of Indigenous corporations (ORIC) panel reviewer to assist in determining compliance with business regulations. Requiring a range of services including business strategy, addressing solvency issues and corporate governance. We assisted directors and Indigenous corporations to understand and meet directorial duties and compliance requirements. Providing engagement and education to officeholders.
