- Kristin Fisher Eyebrows in administration
- Company owed $900,00 to creditors
Celebrity eyebrow queen Kristin Fisher’s business has plunged into administration after the company revealed it owed $900,000 in debt.
Documents filed with the corporate regulator ASIC said administrators were appointed to the businss on November 30.
It comes months after a restructuring practitioner, Mervyn Kitay of forensic accountants Worrells, was appointed to the business, based in Sydney’s eastern suburbs, in June.
Kristin Fisher, who owns Kristin Fisher Eyebrows in Sydney ‘s ritzy Double Bay, was forced to hire a restructuring specialist from forensic accountant firm Worrells to help resolve her business’ mounting debt
The Australian Taxation Office, which is one of the major creditors, voted against a plan to restructure Kristin Fisher Eyebrows.
Under the plan, submitted to the Australian Securities and Investments Commission, $216,000 would have been repaid this year with outstanding debt to be paid at a later date.
Administrators Jeremy Nipps and Rahul Goyal of Cor Cordis had been appointed to the business.
They posted notification that a creditors’ meeting would be held on December 12.
For the meanwhile the administrators have determined the business remains viable, and it will continue to operate with all staff to stay on and booking as well as gift cards to be honoured.
A report by Mr Kitay said Covid restrictions and the break up of Ms Fisher’s marriage had been ‘calamitous’ for the business.
More to follow
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Read more at DailyMail.co.uk