The company belonging to one of Carenne Support's most well known directors, Geoff Salmon is in excess of $6.1 million in debt according to records from the Australian Securities and Investments Commission. The company, Salmon & Speck Pty Ltd has been in liquidation since November 2010 after creditors called in an administrator. At the creditors meeting, Salmon was the only person who voted against the company being wound up for failure to pay its debts.
The company is due in the Supreme Court for a number of appearances over the next few weeks due to its debts and according to the administrator, there are "ongoing investigations" into the company's management (which includes Mr Salmon).
In the administrator's six month report to ASIC it has been revealed that of the $6,399,397 owed to creditors only the secured amount of $224,696 has been paid (or 3.5% of the amount owed).Mr Salmon is not a suitable person to be running a non-profit organisation like Carenne Support that holds charity status when it is obvious he couldn't run his own company and owes a fortune to others.
