Budget airline carrier Bonza has entered voluntary administration less than 18 months after launching its first passenger flights. Bonza announced its sudden collapse on Tuesday, leaving thousands of passengers stranded as the airline grounded its fleet across the country. Leading accountancy firm Hall Chadwick will act as administrators and assess whether the troubled carrier has…
Yet another building company has collapsed, making it the fifth building company this week revealed to have gone under amid an industry-wide crisis. News.com.au can reveal that on July 11, melbourne-based residential builder Construct Homes Pty Ltd went into receivership. Oak Capital Mortgage Fund appointed Sam Kaso of insolvency firm Cor Cordis as the receiver.…
The future of a company that owns high-end steakhouse Botswana Butchery and Asian restaurant chain White & Wong is uncertain, after an external administrator was appointed. New Zealand company Good Group announced its restaurants in sydney, melbourne and Canberra were in voluntary administration. BDO Australia, appointed as administrators, said Botswana Butchery restaurants were tradings as…
When melbourne restaurant-to-retail company Calia went into voluntary administration in June, its co-founder Jason Chang laid bare his struggles as a small business owner in an open post on social media. Chang, who is also a City of Melbourne councillor, made the emotional revelation that he had “broken down in city council” while recounting the…
On 29 March 2023, West End Craft Brewery Pty Ltd, trading as Parched Craft Brewery, appointed Anne Meagher and David Stimpson of SV Partners as Voluntary Administrators with the view to selling the business through a structured process. The SV Partners team are focused on continuing trade as normal at the West End Brewery during…
Seventy-seven melbourne apartment owners couldn’t have imagined that the innocuous ping of a new email landing in their inboxes would herald the disaster that would leave many of them on the brink of financial ruin. “IMPORTANT”, said the email – sent by their strata firm in March 2020 – which in hindsight was not an…
Two years ago, the New Zealand steakhouse with an African name made an ambitious play for the Australian steakhouse market, alongside sibling restaurant White + Wong’s. Now the business is experiencing one of the biggest hospitality shake-outs of 2024. Save You have reached your maximum number of saved items. Remove items from your saved list…
Yet another F45 gym has collapsed into liquidation, adding to a growing pile of failed franchises involved in the popular fitness chain in recent months. On Sunday, a melbourne company called Anthony Cselko Training Pty Ltd went into voluntary liquidation. The business was trading under the name F45 Training Bayswater North, as it was part…
Several “high-quality” parties have expressed an interest in taking over Virgin Australia, the administrators have revealed, as 1,300 of the airline’s creditors and observers including financiers, employees, unions and bondholders met via video link. Key points: Virgin Australia entered voluntary administration on April 21 owing almost $7 billion to more than 12,000 creditors Already several…
melbourne-based Dome Building Projects, which did high-end home building and renovation work for customers in Melbourne’s leafy inner-eastern suburbs, went into liquidation on Friday after falling short on payment demands to a former director. Jason Stone and Paul Allen of PKF were appointed as liquidators to South Melbourne-based Dome on the same day that directors…