A South Australian civil engineering company involved in construction of perth’s $94.5 million Matagarup Bridge to Optus Stadium has gone into voluntary administration. Administrators Ferrier Hodgson said an urgent assessment of York Civil’s financial position and the status of its contracts was under way. “At this stage the company will continue work on the contracts…
Melinda OliverJuly 10, 2013 As Lisa Ho Designs enters liquidation, it has emerged from its administrator that designer Lisa Ho has bought the intellectual property rights to the brand name. Lisa Ho Designs entered liquidation yesterday as a result of a creditors meeting, and final entities will be wound up in the next two weeks. Administrators…
Collapsed wave energy hopeful Carnegie Clean Energy had just over $3,000 cash in the bank when it called in the administrators last month. Key points: Carnegie went into administration in March after a cancelled wave energy contract The highest bid received for its solar microgrid company was $200,000 Administrators said the company could be salvaged…
ARVA Transport and Logistics director Gus Arief. Image: ARVA Freight Arva Investments, trading as Melbourne-based ARVA Transport and Logistics and ARVA Freight, has gone into liquidation with its creditors facing an uncertain future. According to an ASIC notice published this week, at a general meeting of the company members on Wednesday, February 25,…
The future of oBike in Australia is uncertain after the bike-sharing company went into liquidation in Singapore and pulled out of operations in melbourne. The company, which allows users to hire bikes through an app, cited government regulations behind its decision to pull out of the two cities. However it remains unclear whether the Australian…
Greenwich Build has gone into voluntary administration, leaving the Wakaden Street project stalled. Photo: Oliver Jacques. The sydney-based builder of an affordable housing development on Griffith’s Wakaden Street has gone into administration, leaving some local contractors unpaid for work already done. Not-for-Profit Argyle Housing was donated land by Griffith City Council to construct four two-storey,…
The firm responsible for security at a major Victorian hotspot hotel has gone into liquidation as it faces a lawsuit alleging the state’s second wave was its fault. Unified Security is the lead defendant in a class action suing it for damages for allegedly allowing Covid-19 to get into the community. But the Supreme Court…
Property owners say they feel betrayed and have lost thousands of dollars after Victorian building company Watersun Homes was placed into voluntary administration. Rodgers Reidy in melbourne was appointed as administrator for Watersun Homes on Tuesday and said the company did not have the funds to continue trading. The insolvency firm said 90 full-time staff…
Another melbourne building company has collapsed, leaving homeowners in limbo and suppliers owed millions. Alpha Building Group Pty Ltd went into liquidation late last week with insolvency firm Rogers Reidy telling News.com.au the company owed $3.5 million to more than 100 creditors. Of this, the company reportedly owes $2.5 million to suppliers of materials and…
The boss of a collapsed building company may have transferred $2.5 million to its boss as a “director’s loan” in the months before the business went bust, according to the liquidator left to wade through the mess. That figure is more than the total money owed to creditors. Victorian construction firm Area Projects Pty Ltd…