The Australian arm of a brisbane-based biotech company that struck a $300 million deal to send COVID-19 home testing kits to the US has gone into voluntary administration. A meeting of Ellume’s creditors is to be held later this month. Ellume’s US business is not affected. Ellume rose to prominence last year when it signed…
The developer is behind many high-profile projects including the redevelopment of the Nylex site in Cremorne The company was founded 20 years ago by Joe Russo Has delivered over 3,000 apartments since inception melbourne-based developer Caydon Property Group has gone into liquidation. The developer, who is behind many high-profile projects including the redevelopment of the…
An award-winning gold coast brewing company has gone into voluntary administration, leaving up to 70 jobs at risk. Black Hops Brewing confirmed the “tough decision” to customers and investors after tax debts left it unable to continue. The popular beer is stocked in bottle shops and bars across the country and produces more than a…
A young couple who put $97,000 towards their dream home have been left with just a concrete slab after a major building company suddenly collapsed – leaving hundreds of customers in limbo. Bethany McLaughlin, 27, and her fiancé Joel Patty, 29, from
A popular melbourne craft brewery has entered voluntary administration, thrusting the jobs of about 50 people into question. Deeds Brewing in Glen Iris appointed administrators this week for its four associated businesses including Deeds Group, Deeds Taproom, Deeds Brewing Company and Future Proof Distilling. Deloitte’s David Orr and Glen Kanevsky have been appointed as joint…
Part of major property developer Caydon Property Group has collapsed and been placed into liquidation. The company says it has been dealt one difficult market situation after another, pointing the finger at prolonged COVID-19 lockdowns in
perth-based fashion clothing company Jeanswest has become the latest Australian retailer to enter voluntary administration. Consultants Peter Gothard and James Stewart from KPMG have been called in to support with the process, as the company looks to restructure its Australian operations. Jeanswest was founded in 1972, and has since grown into a substantial international operation.…
Parts of multi-billion dollar developer Caydon, which is behind hundreds of apartments in melbourne, have gone into liquidation. Joe Russo, managing director of the prominent Asian-backed developer, said the company had been dealt one difficult market situation after another in the last few years, including prolonged Covid lockdowns. The latest “confronting” challenge was pricing factors…
ASIC has cancelled the Australian financial services licence of sydney advice firm Crown Wealth. The firm was authorised from 28 March 2017 to provide advice to retail and wholesale clients about products including superannuation, securities, deposit and payment products, interests in managed investment schemes and life products, and to deal in those products. ASIC said…
A succession of market hits over the past few years has combined with the latest inflationary pressure on the construction industry to claim another high-profile victim with liquidators appointed to part of melbourne’s Caydon Group. Hong Kong-based financier OCP Asia called in receivers to subsidiaries of Caydon Group, after liquidators were appointed to the company…