brisbane-headquartered battery manufacturer Redflow has entered voluntary administration after failing to secure the capital needed to upscale its X10 battery for larger MWh projects. August 23, 2024 Ev Foley Brisbane-headquartered zinc-bromine flow battery producer Redflow has entered into voluntary administration after it was unable to attract capital to scale up its X10 battery to target…
A sydney nightclub has collapsed after racking up more than $700,000 in debt. News.com.au can reveal that GKIII Hospitality Group Pty Ltd went into liquidation on Monday by order of the NSW Supreme Court. The CBD-based restaurant and nightclub traded under the name The Carter Sydney. According to its still-active website, The Carter Sydney sits…
Brisbane-founded recruitment startup iRecruit made its Shark Tank debut on Tuesday night, but a lot has happened at the company since the television episode was filmed last year. IRecruit attracted $500,000 in pre-launch seed funding in August 2016, but by the time Tuesday’s Shark Tank episode went to air, both of the company’s co-founders had stepped…
An Australian building giant behind some of the nation’s biggest developments, including a 41-residential tower on Chevron Island on Queensland’s gold coast, has entered voluntary administration. Bensons Property Group Pty (BPG) announced yesterday that it had made the “difficult decision” to appoint Craig Shepard and Sebastian Ham of Korda Mentha as voluntary administrators. The company…
More than 10,000 pieces of “premium” sporting stock is up for grabs on the cheap after a major online retailer went into liquidation. T&R International, which traded as T&R Sports and Sports Leisure, collapsed in October while reportedly owing millions of dollars to creditors and customers who are yet to receive products they bought. The…
The future of Les Bubbles is secure, for now, despite news creditors had voted to liquidate its former controlling entity, Bubbles Bar and Bistro. The Courier Mail reported yesterday creditors had accepted a recommendation to liquidate the company owned by hospitality entrepreneur Damian Griffiths, which collapsed owing $1.32 million in December 2017. Deloitte’s David Orr…
A major Australian property group has gone into voluntary administration, in another blow to the construction industry. Bensons Property Group announced on Friday that its team made the “difficult decision” to appoint Craig Shepard and Sebastian Ham of Korda Mentha as voluntary administrators of the business. BPG was founded in 1994 by Elias Jreissati and…
A popular NSW music festival, hosted over New Year’s Eve, is on the chopping block after it fell into liquidation. NYE In The Park, held in sydney’s CBD, has entered a court-ordered liquidation, according to a recent ASIC listing. The long-running festival held at Victoria Park has previously hosted popular acts including Flight Facilities, San…
Brisbane tow truck company owner Dominic Holland has told his staff they are out of work because he is placing the impoundment arm of the business into liquidation. Mr Holland and his firm tow.com.au have been locked in a court battle with the Queensland Government and the liquidation announcement comes less than a fortnight after…
A perth-based wireless earbud company, voted one of the best inventions of 2020, has appointed a voluntary administrator. Nuheara announced to the ASX it had been expecting a $2.5 million investment known as a convertible note from audio company Realtek Semiconducter Corporation that did not eventuate. It was also expecting a commercial and royalty agreement…