If your company has fallen on hard times, whether it be due to the financial strain of Coronavirus or an unrelated situation, it is vital to take immediate action. The best first step is to review our insolvency indicators and then become familiar with the Insolvency Advisory Accountants insolvency checklist. Taking immediate action when insolvent is vital, as…
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Regional commercial airliner JetGo has gone into voluntary administration, prompting it to cancel flights across the country. The company appointed administrators on Friday and said all regular passenger transport services had been suspended. JetGo services many cities across regional Australia including Wollongong, Dubbo, Wagga Wagga, Albury, Rockhampton, Townsville and Karratha. In a statement, the company…
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A new multi-year sponsorship deal and the arrival of superstar Jarryd Hayne won’t rush the NRL into selling gold coast. The governing body wants to off-load struggling Newcastle first. Gold Coast have been in the league’s hands since entering voluntary administration in March last year. At the time the club’s existence was under threat, dealing…
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A Set small text size A Set the default text size A Set large text size The NRL has taken control of the gold coast Titans, with the club placed in voluntary administration.
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A prime piece of gold coast real estate is back on the market following the collapse of property developers Ralan Group earlier this year. The developers went into voluntary administration in July, and in August the administrators announced they had found a $277 million shortfall in the group’s trust account for deposits. The 11,470 square…
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Collapsed men’s clothing chain Roger David may yet be saved from closure after a “stunning” response to its discount sale. Joint administrator Craig Shepard from insolvency specialists KordaMentha said buyers were having “a second look” at the 76-year-old retailer following soaring sales over the past week. On being put into Roger David last Wednesday, the…
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Potential investors in a gold coast-based dental chain were being told wildly different forecasts for growth than what a due diligence committee was hearing, a court heard on Monday. The alleged discrepancy was questioned in a public examination into Smiles Inclusive, which raised $35 million in an ASX float in April 2018 with more than…
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Bundaberg transport business Fresh Produce Logistics has been placed in voluntary administration along with its brisbane-based parent group, Keeforce Pty Ltd. Fresh Produce Logistics is a refrigerated freight carrier with a fleet of 20 prime movers and 62 tautliners and vans. It employs 42 staff, including 28 casual staff. Ferrier Hodgson has been appointed voluntary…
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For the second time in under two years, In2Food group has been placed in voluntary administration and is now under the management of global accounting firm HLB Mann Judd. The company provided food to commercial kitchens, cafés, restaurants and aged care homes, and had headquarters in every Australian jurisdiction except Tasmania. Hundreds of employees are…
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Steve Willis with partner Michelle Bridges. A hearing in the Administrative Appeals Tribunal in October heard the college had spent $6 million marketing its Diploma of Fitness Coaching Course alone. Mr Georges said the college had responded to the concerns of students. An ad for the course on Sage’s website. “Most of those issues have…
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