melbourne sign company Aussie Signs has gone into liquidation three years after a freak accident where the collapse of a wall carrying its signage killed three people. The industrial accident resulted in a lengthy court case, and the company was fined $250,000 earlier this year for pleading guilty to an occupational health and safety act…
sydney developer Merhis Corp and a clutch of related entities have gone into liquidation owing the Australian Taxation Office at least $6 million and its director Mark Merhi has left Australia. Helm Advisory managing director Stephen Hathway said he triggered the liquidation of the 23 Merhis companies last week after they defaulted on a settlement…
sydney Beer Co has joined the list of Australian breweries to be put into voluntary administration, just months after expanding into the United States. The brewery, co-owned by former Australian fast bowler Brett Lee and acclaimed writer and actor Matt Nable, had recently raised over $6m to fund its expansion into the US. RSM Australian…
In a worrying trend for the Australian business landscape, thousands of companies have vanished over the past year, and experts warn that the situation is poised to deteriorate even further. Among the casualties is E-Mersion Media, a melbourne-based tech start-up that recently went into liquidation with debts exceeding $12 million. The liquidator’s report reveals that…
A small business has been left with no other choice but to go into liquidation, partially blaming its financial troubles on society’s waning interest in building ‘authentic’ connections with each other. The Source Bulk Foods, Australia’s largest specialised bulk food retailer, has more than 60 stores all over the country. But it lost one of…
