Black Hops Brewing has been saved from liquidation, with a consortium of existing shareholders and other fans of the brewery stepping in to acquire it. It was announced in early April that the gold coast-based brewery had entered into voluntary administration, with Deloitte Turnaround & Restructuring heading up the financial restructuring. Up until last week,…
The collapse of an Australian tech company has just taken another twist after staff received a letter from a government agency. Marketing and software company E-Mersion Media (Aust) Pty Ltd, headquartered in melbourne, collapsed into liquidation last month with debts of at least $13 million. All the company’s staff had been stood down by the…
The melbourne Rebels’ bid to be part of the 2025 Super Rugby Pacific competition is over, with the franchise to play their last game of Super Rugby next month. In administration since January and owing in excess of $23 million, Rugby Australia has footed the bill for player and staff wages since, while also taking back…
A former franchisee in a sydney burger chain has collapsed after a court ordered the venture to shut down due to tens of thousands of dollars in unpaid electricity bills. At the end of last month, the Victorian Supreme Court ordered Bass Hill Burger Pty Ltd into compulsory liquidation. Bass Hill Pty Ltd formerly operated…
The owner of the Karen’s Diner restaurants, infamous for its staff being deliberately rude to customers, has gone under two years after the cheeky concept was born in sydney. Viral Ventures, which owned most but not all the Karen’s Diner restaurants, gave notice at a general company meeting on May 30 that it would be…
Above: Josh Eaton, Melissa Eaton, Peter Eaton and Ben Eaton Hardware and consumables supplier, Starleaton, has entered voluntary administration. Companies contacted by Sprinter who supply Starleaton said they were surprised by the news and were unaware that the business was facing any financial difficulties. Starleaton locally represented companies including Canon, Zund, Epson, and Neschen. Sprinter…
APA Group is assessing a range of potential future uses for the Moomba sydney ethane pipeline after its principal user entered into voluntary administration. The Moomba Sydney ethane pipeline (MSEP) is a 1300km ethane pipeline connecting Moomba, South Australia to Qenos’ petrochemical facility in Port Botany, NSW. Plastics manufacturer Qenos has until now been the sole…
The Supreme Court of Victoria has ordered the liquidation of Bardee, a deep tech start-up backed by Australia’s largest venture capital fund, Blackbird Ventures. A melbourne storage company, backed by the Victorian State Revenue Office, last week petitioned the court to wind up Bardee’s registered company, Beyond AG, to recoup unpaid bills, and the court…
Air Vanuatu said on Thursday it had cancelled international flights for the rest of the week, as the Pacific Island nation’s government considered placing itsnational carrier into voluntary administration. All of Air Vanuatu’s international flights between Thursday and Sunday are canceled, and all later flights are under review, the airline said in a statement. “The…
Sasha deBretton — perth’s self-styled queen of rich-list renovations — has placed her group of companies, including the flagship Million Dollar Makeovers, into liquidation. As of the first week of this month, three of Ms deBretton’s firms were in the hands of liquidators Cameron Shaw and Brent Kijurina, working for accountants Hall Chadwick. In contrast…