MA Services administrators flag recovery action against director as liquidation looms

The voluntary administration of MA Services Group has moved toward a liquidation outcome, with administrators Jason Tracy and Glen Kanevsky of Alvarez & Marsal identifying substantial potential claims against founder and director Micky Ahuja as a central source of prospective recoveries for creditors. In a report to creditors dated 2 February 2026, the administrators said the company is insolvent, no DOCA proposals have been received, and a winding up would best enable enforcement of claims against the director and related parties.

The administrators disclosed that MA Services is owed approximately $4.8 million by Ahuja under a director loan account arising from the payment of personal expenses and drawings, in addition to more than $8.2 million in unsecured loans to related entities connected to the director. Formal demands have been issued, and the administrators have warned that enforcement action may follow, including court proceedings and, if necessary, steps toward bankruptcy, should repayment not be forthcoming.

Beyond related-party recoveries, the administrators are investigating potential insolvent trading and voidable transactions during the period leading up to the 23 December 2025 appointment. Those investigations follow a rapid deterioration in the company’s position triggered by an ATO garnishee notice, regulatory investigations, and the loss of key contracts, with the administrators signalling that any viable claims will be pursued for the benefit of creditors in a liquidation.

Operationally, MA Services has ceased trading, with value preservation efforts focused on asset realisation and claims recovery rather than business rescue. An urgent transaction with Allied Security shortly after the appointment transferred certain records, equipment, and contract-related rights in an effort to minimise disruption to customers and support re-employment opportunities for former staff, but left the insolvent shell with limited operating assets.

Employee entitlements remain a priority issue, with estimated recoveries ranging from 56 to 100 cents in the dollar depending on the treatment of the ATO garnishee notice and recoveries achieved from enforcement action. Unsecured creditors are presently forecast to receive little or no return absent successful claims against Ahuja or related parties.

Meanwhile, Ahuja has reportedly moved to Dubai amid sustained scrutiny, including claims of sexual harassment and bullying which allegedly led to his resignation late last year.