Redback electrical engineer Fasil Worku (left) shows network technology delivery manager Peter Judge how to use the Redback Solar Inverter System brisbane-based battery business Redback Technologies has entered voluntary administration, with administrator McGrathNicol Restructuring seeking new investors. Related article: Redback Technologies receives $9m investment McGrathNicol has confirmed it is calling for expressions of interest for the…
It is expecting to report a deeper loss for the 2024 financial year in the range of between $15 million and $20 million, partially driven by disruptions from a botched technology migration project involving a new logistical supply chain platform. This impacted Mother’s Day trading to a degree that was “greater than expected”, delaying the…
30 Apr, 2:48amTue 30 Apr 2024 at 2:48am Hotline set up for Bonza customers The Transport Department has established a hotline for stranded passengers. That number is 1800 069 244 and the line will be operating until 10pm tonight, the department says. Customers can also call Qantas, Jetstar or Virgin‘s customer service lines for assistance. Transport Minister…
Another building company has collapsed, leaving homeowners, tradies and staff in limbo with debts of $3.5 million. News.com.au can reveal that last Thursday, Alpha Building Group Pty Ltd went into liquidation. All staff have been sacked and 10 homeowners across the Greater melbourne area have been left with unfinished projects following the company’s demise. Brent…
Bonza’s administrator Hall Chadwick said neither it nor the company is “in a position to provide refunds” to Bonza passengers, after the airline entered voluntary administration on Tuesday. Bonza’s move to enter voluntary administration is a “sad time for aviation and major blow for competition”, says the main body representing Australia’s network of airports. Loading……
Webster Computer Systems, an Intel, Microsoft and HP reseller whose history stretched back to 1970, has been bought out of liquidation by sydney-based Fourier Technologies. Fourier announced the buyout on last month after it placed the highest bid for the failed Sydney-based company, which fell into liquidation after the Deputy Commissioner of Taxation filed a winding-up…
A rehabilitation facility at the centre of mistreatment and abuse allegations has gone into voluntary administration, effective from Wednesday. The development was confirmed by Esther Foundation’s interim CEO Phil Sparrow and came as a growing number of women spoke out about allegations of abuse. In a statement, the Esther Foundation said recent media coverage had caused…
The director of a childcare company that plans to acquire 31 underperforming centres from G8 ran another childcare venture that went broke late last year, owing almost $5 million rent to a landlord. Darren Misquitta, director of Genius Childcare, was also accused of failing to supply key financial records to a liquidator, according to a…
Circa’s Peepshow at Castlemaine State Festival 2019.Credit: Carl Dziunka While trouble surrounding music festivals has dominated headlines in the past year, some locals have pointed to more specific issues contributing to the losses incurred at the most recent Castlemaine festivals. Loading Former Castlemaine Festival board member Mark Anstey, who served from 2010 to 2018, says…
Trade suppliers are furious as Whirlwind is officially put to death, with the company being placed in liquidation. Both parts of the business, melbourne and sydney, are now in the hands of Andrew Hewitt and Ahmed Bise from Grant Thornton. Total debt is unknown, but two paper merchants both have more than $1m of invoices…