Liquidations: Australian company collapses, on the record
Reporting and explainers on Australian company liquidations: who applies, who is appointed, what the statutory reports say, and what happens to the creditors.
Frankie Ngo invested in the Australian Tattoo Expo in 2023, applied to wind up its five companies in 2024, and now presents himself as the expo's chief executive. Corporate filings, court records and liquidation documents tell a more complicated story.
In May 2025 the NDIS Commission permanently banned Horizon Solsolutions Australia, trading as Cocoon SDA Care, and its director, after finding claims lodged for participants who were dead or in prison. Its clients were steered to a company owned by a former executive. By September the liquidators put its debts at about $80 million, $16 million of it owed to staff.