The family company of late Gold Coast theme park developer Keith Williams has collapsed into the hands of liquidators after his cyclone-battered Port Hinchinbrook resort in north Queensland failed to sell. Creditors, including Mr Williams’ son Ben Williams, voted to wind up Williams Corporation at a meeting in Brisbane on Wednesday. Boats lay strewn around…
A $21m hearing healthcare company has gone bust, blaming a fallout with a key supplier for its woes. ASX-listed Nuheara Limited, which specialises in a wireless earbud that allows customers to augment their hearing, announced its move into voluntary administration late on Wednesday afternoon, appointing KPMG administrators to take control of the firm. “The decision…
Customers of a collapsed building firm have been left fuming after airing out their concerns to the master franchisor months ago but being turned away. Last Friday, news.com.au reported that Western Australia-based RPH Australia Pty Ltd with the trading name GJ Gardner perth West had gone into liquidation. The exact amount of its liabilities remains…
Executive Director Jarrod Carland puts the company into administration, leaving artists little hope of payment. The directors of the troubled Brisbane Baroque festival have put the company into voluntary administration as of January 16 due to “concerns over the ability of the company to meet its obligations,” according to a statement issued last night. The…
When Rex expanded its operations into the Golden Triangle routes between sydney, melbourne and brisbane, it knew it was an ambitious plan. But if the risk paid off, the financial windfall would be considerable. The Sydney-Melbourne route is one of the most lucrative in the world and delivers our two biggest airlines, Qantas and Virgin,…
A tradie business has finally collapsed weeks after brutally sacking all its staff right before Christmas. News.com.au can reveal that on Wednesday morning, the Federal Court’s NSW division ordered Joinery Manufacturing Solutions Pty Ltd to go into liquidation over an unpaid tax debt. Tristana Steedman of insolvency firm RSM Partners has been appointed as the…
Apartment under construction in Newstead, Brisbane.. ONE of Brisbane’s top real estate law experts has warned that off-the-plan unit buyers have very little protection – and to get a lawyer – if their builder goes bust. Tim O’Dwyer said there was already an inherent financial risk in buying-off-the-plan because of the glut of new units…
The Carlton Club, on Bourke Street in the CBD, and the Windsor Castle, an iconic spot with a lime green exterior and pink elephants on the roof, entered voluntary administration on November 27. “The past few years have been incredibly challenging as we navigate the ongoing impacts of the Covid-19 pandemic on both the Windsor…
Jonathan ChancellorFebruary 14, 2017 The Chinese backed Brisbane residential developer, R&F Mega Property says is is not insolvent and there would be no interruption to their flagship development, Brisbane One. According to its last update, an interim report to the Hong Kong exchange on August 31, contracted sales at the $400m Brisbane One reached 353.1…
