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Our website ranking of ASH: rating 3
(3 out of 5)



Link Market Services Perth
Level 12 QV1 Building 250 St Georges Terrace Perth WA 6000
Tel : +61 8 9211 6670 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000ASH0
Address: Level 10, 92 Pitt Street, Sydney NSW 2000
Tel:  02 9216 4747Fax: 02 9221 6677

Date first listed: 21/08/2014
Company Secretary: Ronald Hollands
Sector: Commercial Services & Supplies Industry Group: XNJ
Activities: Training and labour hire

News & Events

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The suspension of trading in the securities of Ashley Services Group Limited will be lifted prior to the commencement of trading on Thursday, 2 March 2017 following lodgement of the Company's announcement titled, "HY Results, Strategic Review & Suspension Cessation".


The company releases its HY Results, Strategic Review & provides an update on the Suspension Cessation.


The company lodges its Appendix 4D and Half Yearly Accounts.


Ashley Services Group Limited advise that 1,390,878 Performance Rights have been cancelled for $nil consideration following various employees leaving the company. As at 27 February 2017, the company has 143,975,904 Ordinary Class Shares and 551,578 Performance Rights on issue.


The commercial cash advance facility with Bankwest with a facility limit of $5,000,000 and termination date of 29 October 2017 ,has been assigned by Bankwest to Shrimpton Holdings Pty Ltd, together with the security provided by the Company and its subsidiaries in respect of the Facility.


The Victorian Department of Education and Training has completed its evaluation on the Company's application for the Standard 2017 VET Funding Contract "“ 2017 Skills First Program and has decided not to make Contract Offers to two of its Registered Training Organisations "“ Ash Pty Limited and The Australian Institute of Vocational Development Pty Limited. The VIC Department has however issued a Contract Offer for a 2017 VET Funding Contract Skills First Program "“ Non-Victorian based RTO delivering to a National Enterprise to one of its RTOs, Vocational Training Australia Pty Limited.


Regular and constructive communication has occurred with the Victorian Department of Education and Training concerning its subsidiary ASH Pty Limited. The VIC Department and the RTO have agreed on certain rectification actions. The company has been advised that its applications for 2017 VET Funding contracts are still being considered but notes that the VIC Department has requested further information following the Company's 25th and 30th November 2016 ASX announcements about its NSW Department 2016 Smart and Skilled Contracts held by the two RTOs. Also, the Board has now engaged a third party to undertake a strategic review of the Company and this review has commenced. Accordingly, a continuation of voluntary suspension is requested. The voluntary suspension continuation is sought until the earlier of the commencement of trading on Tuesday 28 th February 2017.


The company received an originating application and statement of claim filed in the Federal Court of Australia on 30 November 2016. The proceedings were originally threatened by IMF Bentham in its ASX release on 17 August 2015. Law firm William Roberts is representing IMF in these proceedings. ASH remains in voluntary suspension.


NSW Department of Industry, Skills and Regional Development has agreed not to terminate The Contracts of two of ASH's Registered Training Organisations. The RTOs have agreed not to enrol any new students under The Contracts. Given the matters pertaining to the Company's subsidiary, Ash Pty Limited, Victorian Department of Education and Training 2014-16 VET Funding Contract remain unresolved, the Company remains in voluntary suspension.


The company provides a business update on the following: NSW Smart and Skilled Contract; Victorian Contract Update; and Strategic Review.


The securities of Ashley Services Group Limited will be suspended from quotation immediately, at the request of the Company, pending release of an announcement in relation to the Company's Victorian training business and its subsidiary, ASH Pty Limited.


listed entity carried for record purposes only



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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    30/10/2020Christopher McFadden69,369$0.320$22,198
    31/10/2018Christopher McFadden554,007$0.254$140,640
    26/10/2017Christopher McFadden76,623$0.125$9,578
    09/03/2016Marc Shrimpton16,357$0.200$3,271
    08/03/2016Marc Shrimpton213,066$0.180$38,638

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    Ian PrattNon Exec Chairman01/10/2015
    Ross ShrimptonNon Exec Director, CFO12/10/2000
    Paul BrittainExecutive Director, CFO01/12/2014

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Ron HollandsDirector22/06/202225/07/2022
    Christopher McFaddenExecutive Director, CFO20/01/201722/06/2022
    Marc ShrimptonExecutive Director31/07/201420/04/2017
    Stewart CumminsManaging Director, CEO14/12/201526/09/2016
    Vince FayadNon Exec Director31/07/201401/10/2015
    Simon CreanNon Exec Director31/07/201401/10/2015
    Peter TurnerDirector31/07/201401/10/2015
    Andrew ShrimptonNon Exec Director31/07/2015

    Date of first appointment, title may have changed.