Babcock and Brown Limited | Deloitte Australia | Insolvency matter

Case studies

Babcock and Brown Limited

Insolvency case information


Appointment type:

Voluntary administration


Appointment date:

13 March 2009



108 614 955



David Lombe






General enquiries
Jack McGrath
Tel: +61 2 8260 4867

Media enquiries
Simon Rushton
Tel: +61 2 9322 5562


Related Links

Insolvency information sheets

Help for workers who have recently lost their jobs
Job Services Australia publication

Taking care of yourself after retrenchment or financial loss
Beyond Blue publication


Background information

Babcock & Brown Limited ("BBL") is the ultimate holding company of the Babcock & Brown Group. BBL is a shareholder of Babcock & Brown International Pty Limited ("BBIPL"), the intermediate holding company. All assets of the Group are held by BBIPL and its subsidiaries.

Deloitte Partners David Lombe and Simon Cathro were appointed Voluntary Administrators of Babcock & Brown Limited on 13 March 2009.

BBL's Second Meeting of Creditors was held on 24 August 2009 and creditors resolved for BBL to be wound up. David Lombe and Simon Cathro were appointed the Joint Liquidators pursuant to Section 446A of the Corporations Act 2001. Mr Cathro resigned as liquidator of BBL on 9 August 2011, and David Lombe is the sole Liquidator of BBL.