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Websters/SERMACS (Read 1016 times)
01. Jun 2011 at 18:37

Major Function   Offline
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Workers Unite
Newcastle NSW

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Darren Neven Spriggs
ASIC disqualified security services operator, Mr Darren Neven Spriggs, of Newcastle, New South Wales, from managing corporations for two years.
Mr Spriggs’ disqualification follows an ASIC investigation into his role in seven failed companies, Gual (Queensland) Pty Ltd, Sermacs City Watch Pty Ltd, Sermacs Maritime Security Services Pty Ltd, Sermacs Commercial Services Pty Ltd, Sermacs Holdings Pty Ltd, Sermacs Consultancy Services Pty Ltd and Gual Pty Ltd.
ASIC’s investigation found that five of these companies failed owing substantial debts, particularly statutory liabilities. ASIC also found that Mr Spriggs breached his duty as a director of Sermacs City Watch Pty Ltd by allowing payments to a related entity in circumstances where there was no commercial rationale for that decision.

Mathew Phillip Egge
ASIC disqualified security services operator, Mr Mathew Phillip Egge, of Vacy, New South Wales, from managing corporations for three years.
Mr Egge’s disqualification follows an ASIC investigation into his role in five failed companies, Gual (Queensland) Pty Ltd, Sermacs Maritime Security Services Pty Ltd, Sermacs Industrial Services Pty Ltd, Sermacs Security Services Pty Ltd and Sermacs Manpower Management Pty Ltd.
ASIC’s investigation found that Mr Egge breached his duties as a director of Gual (Queensland) Pty Ltd by transferring cash and assets as a loan to a related entity despite knowing that the entity could not repay the loan.
ASIC also found that Mr Egge failed to prevent Gual (Queensland) Pty Ltd from trading while insolvent.

Phillip Mark Egge
ASIC disqualified security services operator, Mr Phillip Mark Egge, of Vacy, New South Wales, from managing corporations for three years.
Mr Egge’s disqualification follows an ASIC investigation into his role in six failed companies, Gual (Queensland) Pty Ltd, Sermacs City Watch Pty Ltd, Sermacs Financial Services Pty Ltd, Gual Pty Ltd, Sermacs Global Pty Ltd and Sermacs Logistics Pty Ltd.
ASIC’s investigation found that Mr Egge breached his duties as a director of Gual (Queensland) Pty Ltd by transferring cash and assets as a loan to a related entity despite knowing that the entity could not repay the loan.
ASIC also found that Mr Egge failed to prevent Gual (Queensland) Pty Ltd from trading while insolvent.
ASIC found that Mr Egge breached his duty as a director of Sermacs City Watch Pty Ltd by allowing payments to a related entity in circumstances where there was no commercial rationale for that decision.

In my opinion good company dirty management.  I worked with this company just after it started up, I had very few problems to start with then management went 'off track' sacking its startup supervisors and manager. I left after 4 years.
 
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