Olvera Advisors are appointed administrators of Mansa Sons Pty Ltd. The Company was established in New South Wales on 20 December 2017, formerly known as VSS Investments Pty Ltd from 20 December 2017 to 04 September 2018. It is presently wholly owned by SKA Group Pty Ltd.
The Company historically borrowed funds from up to 200 unsecured creditors, the majority of whom appear to be natural persons and self-managed superannuation funds. The loan amount varies between $20,000 and $932,000.
The Company on-lent the funds to several related companies which invested the funds in property projects in Kellyville, Wentworthville, Toongabbie, Box Hill and Austral, amongst other locations. In addition, we consider that the Company operated an unlicensed Management Investment Scheme with many lenders seeking the return of their principal loans, in the period prior to the appointment of the Former Administrators.
Please find below a copy of the Australian Securities and Investments Commission (‘ASIC’) insolvency information sheet for directors, employees, creditors and shareholders. For an explanation of terms used in this sheet, please see ASIC’s ‘Insolvency: a glossary of terms’. For additional information, refer to the ASIC website at www.asic.gov.au/insolvencyinfosheets.
Voluntary Administration
August 04, 2023
Mohammad Mirzan Bin Mansoor and Michael James Billingsley
Level 10/55 Clarence St, Sydney NSW 2000
Mansa Sons Pty Ltd
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We acknowledge the Traditional Custodians of the land on which our office stands and pay our respects to Elders past, present, and emerging.
We also extend our acknowledgment to the Stolen Generations and reaffirm our commitment to supporting them on their journey toward healing.
Investors, Creditors and Stakeholders Declaration
Access to information about the administration (or Deed Administration or Liquidation) of the Company contained on this website and any links (thereto) is limited to investors and creditors of (and any professional advisor’s of those creditors) of the company. By downloading or viewing any of this information, you are declaring the following:
“I declare that I am an investor or creditor (or a professional advisor of such a creditor) of the Company and I agree not to communicate any information contained on this website (and any links thereto) to any person other than another investor or creditor of the Company without the express written consent of Olvera Advisors or unless otherwise compelled by law. Further, I indemnify Olvera Advisors in respect of any liability to which they are exposed in the event that this declaration is false and as a consequence of that falsity.
