Work has stopped on about 130 residential home building sites as perth builder BuiltonCorp is placed into voluntary administration. Key points: BuiltonCorp is the latest casualty of Perth’s building downturn The company owes about $16 million to creditors and $500,000 to staff Authorities are hopeful insurance will cover homeowner losses Administrators Con Cordis have announced…
The company behind fashion brand Jeanswest has called in administrators, putting the future of hundreds of workers in limbo. Harbour Guidance has decided to put Jeanswest in voluntary administration, appointing Lindsay Bainbridge, Andrew Yeo and David Vasudevan from Pitcher Partners melbourne. Jeanswest, established in perth in 1972, has grown to operate from more than 90…
The last of eight companies within the sydney Investment House Group, alleged to have operated an unregistered managed investment scheme, have been placed in provisional liquidation. The New South Wales Supreme Court yesterday appointed Quentin Olde of Taylor Woodings as provisional liquidator to Sydney Investment House (Newcastle) Pty Ltd , following an application by the…
The firm had a portfolio worth more than $400 million, ranging from luxury apartments and affordable housing to retail projects, but on Friday formally went into liquidation, according to documents filed with ASIC. Creditors have been told to submit their debts or claims by August 5. Stevens Construction has collapsed two months after going into…
Hudson’s Bay Company began liquidation sales on Monday, while temporarily excluding six stores from the initial process. Hudson’s Bay receives court approval for revised liquidation plan, excludes 6 locations. – Hudson’s Bay The Canadian retailer received court approval on Friday to move forward with a revised liquidation plan as part of its ongoing Companies’ Creditors…