Injectable Institute Australia’s Juliet Young aka Skye Adams named as ‘shadow director’ by liquidators Cor Cordis

You won’t find the name Juliet Young — or her alias, Skye Adams — on corporate filings for Injectable Institute Australia. But the chain’s liquidator says Ms Young was its ‘shadow director’.

Juliet Young has been described as the “shadow director” of a failed NSW chain of Botox clinics by its liquidator, who proposes pursuing her for as much as $580,000 on behalf of more than 300 creditors.

Injectable Institute Australia had 18 stores before going under in February after the owner and sole director, Michael Zillig, suddenly died.

But in a new report to 340 creditors who say they are owed $1.7 million, the liquidator alleges the business was in fact being run by Sydney’s Ms Young, “also known as Skye Adams”.

Cor Cordis liquidator Jason Tang said evidence that Ms Young was a “shadow director” included her having access to the company’s bank accounts and controlling its funds, as well as her executing “loan agreements on behalf of the company with third parties to the detriment of the company”, plus being “the main point of contact for all employees”.

Mr Tang claims the company was insolvent from at least June 30 last year.

Injectable Institute Australia manager Juliet Young. Picture: Juliet Young’s Facebook page

“Based on the estimated date of insolvency, we have calculated the potential claim for insolvent trading to be at least $584,000,” he said in his report.

“We have considered whether the director or shadow director may be able to rely on the safe harbour protections under the (Corporations) Act and my preliminary view is that the director or shadow director may not be able to rely on these protections.”

Injectable Institute Australia owner Michael Zillig. Source: Etributes.com.au

Mr Tang said it was unclear if there would be any money available for creditors from the estate of Mr Zillig, a 56-year-old accountant and Sydney partner at Lowensteins Arts Management.

In his report, filed with the corporate regulator on Wednesday, Mr Tang said Ms Young “is not the registered proprietor of any real property in Australia” and so far “we have been unable to conclusively determine whether (she) has the financial capacity to sustain any claim against her”

“Accordingly, further investigations into the shadow director’s personal financial positions are warranted.”

That could include a court examination of her and potentially unnamed others.

But “we are unfunded to conduct the public examinations of the relevant parties,” he said. The likely cost would be at least $150,000, he estimated.

Mr Tang said investigations by Cor Cordis had “identified claims against three parties in the combined amount of $2,190,000 which we are of the opinion are uncommercial transactions” of the Corporations Act.

“So as not to prejudice our claims, we have chosen not to disclose details of our claim.”

Mr Tang declined to be interviewed. Ms Young and her lawyer did not respond to requests for comment.