Transit Clothing has gone into voluntary administration, with four stores shutting down in WA. Mandurah, Dunsborough and perth DFO branches will close immediately, followed by the Clarkson outlet on Saturday. All staff members affected by the closures will be made redundant from the retailer, known for selling casual clothing, shoes and accessories. The remaining stores…
melbourne based printer Retail Communications has gone into liquidation, with its cash flow unable to service its growing debt, thought to be in excess of $1.5m. The company is owned by Mark Archibald, who has had the company – which has between 15 and 20 staff – for almost 11 years. The business is currently…
Petra Hair Care has collapsed into liquidation after 52 years in business. The chain started business as a hairdressing salon in melbourne‘s Elizabeth Street in July 1966 where it became apparent there was a market for selling hair care to the home. Petra Hair Care grew to five stores across Melbourne.Credit: Stocksy Soon the salon…
Wayward Brewing is in administration with $2 million of debt and its founder has warned it’s unlikely to be the last craft brewer to hit financial trouble. Peter Philip, who founded the Wayward brand in 2012, put the business into voluntary administration on January 2. It owes around $2 million in debts to trade creditors,…
perth inner city live music venue The brisbane Hotel has in new hands after the previous owner went into voluntary administration. Family-run hospitality and tourism operator The Prendiville Group has taken over. Its venues include the Cottesloe Beach Hotel, Hotel Rottnest, Tradewinds and the Norfolk in Fremantle as well as Sandalford Wines in the Swan…
melbourne-based consumer electronics vendor Kaiser Baas has entered liquidation, seven months after selling the brand to New Zealand distributor Exeed. The company, best-known for its consumer drones and action cameras, appointed Romanis Cant as liquidators on 17 May with at least $3.8 million in debts. In December 2017, Exeed acquired the Kaiser Baas brand, including…
KPMG has been appointed as the administrator to the ‘luxury’ aged care provider, which has two facilities in inner-perth – one in Subiaco (pictured) and the other in Como. As we reported here in July 2017, Berrington’s new $60M luxury facility in Como (7km from the CBD), has a maximum RAD of $895,000 for a…
A melbourne electrical company has folded into voluntary administration following a wind-up order from the Australian Tax Office. Dandenong-based Impressive Electrical appointed Gess Rambaldi and Andrew Yeo of Pitcher Partners as administrators of the company on June 18. The collapse comes after the ATO’s recent spate of wind-up orders saw the tax office issue…
Award-winning publican Geoff Hayward has put his company Capital Management into voluntary liquidation as he exits the pub game. Hayward bought the brisbane Hotel 15 years’ ago with investor partners, executing a big-budget transformation of the tired pub and positioning it to become a hub of perth’s burgeoning dining scene, the portfolio coming to include…
An ABC investigation into the activities of a number of business advisers, who help companies avoid paying millions of dollars in tax — and money owed to small mum-and-dad businesses — has uncovered a raft of potentially illegal transactions that are now the subject of investigation by ASIC and the Australian Tax Office (ATO). Key…