Challenging conditions blamed for transport company liquidation

Queensland company’s fleet up for auction after going into liquidation   It was a business that serviced much of Queensland for the best part of three decades but now Tim Fisher Transport (TFT) is another cautionary tale for other operators after winding up operations towards the end of 2018. The Brisbane-based company was established in…

Tango Caravans collapses into liquidation, customer owed $73k

A caravan company has suddenly collapsed, leaving dozens of customers out of pocket and at least one without a home. On Wednesday afternoon, Victorian-based Tango Caravans Pty Ltd plunged into liquidation. The business manufactured customised caravans and was headquartered in Somerton, melbourne. Tyler Edmunds, a father-of-two, had been fearing the worst for months after being…

Brisbane co-working space Little Tokyo Two collapses into liquidation due to “unsustainable” business model

Prominent Queensland-based co-working space and business incubator Little Tokyo Two has been placed into voluntary liquidation, with founder and entrepreneur Jock Fairweather sending a message to members and supporters saying the business had become “unsustainable”. Founded four years ago, Little Tokyo Two (LT2) had five locations across Brisbane and the Gold Coast, which primarily offered…

Rocks Brewing Owners “Devastated” As Sydney Business Enters Administration

The family running Rocks Brewing has told The Crafty Pint they’re “devastated” after the business entered voluntary administration this week. The sydney-based brewing company appointed insolvency solutions and business turnaround firm Jirsch Sutherland on October 29, with brewing operations and their Tap House continuing as usual for the time being. Rocks beers first appeared on tap…

Director of collapsed Brisbane IT services provider SL Consulting slapped with ASIC ban – Services

The Australian Securities and Investments Commission (ASIC) has banned the director of the now-defunct Brisbane IT services provider SL Consulting from managing other corporations. The agency announced that Benjamin David Coventry Brown has been disqualified from managing corporations for three years and six months due to his involvement in the failure of SL Consulting and…

Under-Pressure Bensons Vows to Deliver 1300 Apartments

Property developer Bensons Property Group says it will complete its $1.5-billion development pipeline across three Australian states despite entering voluntary administration. The company is reportedly managing more than 1300 apartments. Craig Shepard and Sebastian Ham of KordaMentha have been appointed as administrators, while Keith Crawford and Matthew Caddy of McGrath Nicol will oversee operations as…

Melbourne building company Argyle Building Services collapses owing almost $1.5million to more than 50 creditors

By FREDDY PAWLE FOR DAILY MAIL AUSTRALIA Published: 21:04 AEDT, 2 October 2024 | Updated: 21:04 AEDT, 2 October 2024 An Aussie building company has gone into liquidation after racking up almost $1.5million in debt- leaving customers in the lurch waiting for faulty builds to be rectified. melbourne-based company Argyle Building Services was placed into administration…