Deliveroo exits Australian market with full creditor return
KordaMentha was appointed Voluntary Administrators of Deliveroo Australia following its parent’s decision to exit the market. A Deed of Company Arrangement enabled full creditor repayment and a structured exit from operations.
Related Industries
Real Estate & ConstructionIn November 2022, KordaMentha was appointed voluntary administrators of Deliveroo Australia Pty Ltd after its UK-based parent company elected to withdraw from the Australian market.
Deliveroo Australia operated a national food delivery platform, coordinating orders from approximately 12,000 restaurants via its app.
The business relied heavily on its parent for core functions including technology, payroll, and legal support.
How we helped
Our objective
At the time of appointment, the Company had around 120 employees, over 15,000 contractors (primarily delivery riders), and minimal tangible assets. Leased premises included offices, dark kitchens, and a storage site.
More than 50,000 creditors were owed approximately $6.7 million in unsecured claims. The objective was to wind down operations, realise assets, and return value to stakeholders.
Our approach
KordaMentha led a structured wind-down of Deliveroo Australia, prioritising stakeholder communication, asset realisation, and creditor outcomes.
- Issued multilingual communications to support diverse contractor base
- Calculated and distributed employee and contractor entitlements
- Exited leased sites and negotiated landlord claims
- Managed asset sales via third-party auction provider
- Conducted statutory investigations and reporting
- Administered Proof of Debt process and creditor distributions
- Liaised with parent entity to streamline stakeholder outcomes
Outcomes acheived
- DOCA negotiated with parent: Provided a 100% return to all creditors via a Creditors’ Trust
- Leased sites exited: Some assigned to reduce liability; all assets realised
- Creditors’ Trust established: Managed claim adjudication and distributions to employees and other creditor groups
- Market exit completed: Deliveroo Australia deregistered approximately six months after appointment
- Surplus funds returned: Excess funds remitted to parent entity upon completion of the Creditors’ Trust
