A Victorian builder has been plunged into administration, impacting almost 100 homeowners across the state. Montego Homes appointed insolvency firm Cor Cordis on Monday, citing the impact of rising building costs. “Given the challenges that the construction industry has faced recently including rising building costs, the directors made the decision to appoint Voluntary Administrators to…
A Queensland-based construction firm that has been operating for more than 30 years has plunged into voluntary administration, owing unsecured creditors more than $10.8 million. Family-owned Carmichael Builders was founded in Dalby in regional Queensland in 1982. The firm grew rapidly, completing projects in regional areas and in brisbane, and in 2014, was employing…
Award-winning brisbane apartment builder CMF Projects has been placed into voluntary administration. Liquidators David Clout and Patricia Talty were appointed late on Wednesday, but neither they or the company’s directors, Greg Campbell and Cameron Fidler, would comment. A statement on the company’s website informs subcontractors to collect their equipment from the sites of two projects…
The NRL has taken over ownership of the gold coast Titans in the wake of the cocaine supply scandal engulfing the club. NRL chief executive Dave Smith, speaking at a press conference on the Gold Coast on Tuesday, stressed the game’s governing body has a commitment to the region, with the move designed to ensure…
THE company behind Subiaco night spot Purl Bar has gone into voluntary administration. It comes three years after owners Bert Mondello and Damien Wilson took over the bar, with hopes to “bring a bit of Mount Lawley flavour to Subiaco”. It was their first foray into hospitality. Confidential understands the duo closed the doors after…
THE future of Australian ‘it’ designer Josh Goot’s business is in doubt after his label was placed into voluntary administration. In a statement, the sydney-based designer — who manufactures exclusively in Australia — said the move was to protect staff and suppliers while the business is restructured. “We have decided to place the company into…
By NCA NEWSWIRE and FREDDY PAWLE FOR DAILY MAIL AUSTRALIA Published: 07:19 AEDT, 14 September 2023 | Updated: 08:24 AEDT, 14 September 2023 Celebrity chef Jamie Oliver‘s last Australian restaurant has closed down while still owing $1million. Jamie Oliver Pizzeria at Pacific Fair went into voluntary administration after four years in the gold coast location. It…
A melbourne-based clothing manufacturer and wholesaler founded in 1996 has entered voluntary administration. LM Australasia started out producing and wholesale women’s lingerie before growing into a fashion house that specialised in seamless garments, including knitwear, tops, leggings and shapewear. The business is based in the Melbourne suburb of Collingwood and, in 2010, employed 20 staff…
Six years after launching, the Australian arm of British retail giant Topshop has gone into voluntary administration due to rising debt. It opened its first store – covering 1300 square metres – in melbourne’s Jam Factory in 2011. That was followed by eight stand-alone stores and 17 Myer sites across Australia. The brand has more…
An IT distribution company that has operated for almost 20 years has collapsed into voluntary administration. Altech Computers was established in 1997 and has offices and warehouses in sydney, melbourne, brisbane, Adelaide, perth, Auckland and Hong Kong. The business featured in BRW’s Fast 100 for several years between 2004 and 2006, coming in at…