Jeanswest in Australia enters administration – realestatesource
Jeanswest’s Australia arm is the latest retailer to enter voluntary administration. The casual and maternity clothing company, founded by
Sydney printer Reactiv in liquidation
sydney commercial print business Reactiv is in liquidation with owner Kingsley Moore saying its demise was mainly due to financial problems inherited during the 2015 takeover of another Sydney printer as well as his own health problems in the last 12 months. Reactiv, based in Sydney’s Rydalmere, started in October 2015 when Moore took over…
Perth Fashion Festival in administration owing more than $800,000
In October perth Fashion Festival offered creditors 25 cents in the dollar or full repayment over six years. Creditors were told if they did not accept the arrangement, they would receive nothing because the company would go into liquidation. Perth Fashion Festival was managed by Perth Fashion Festival Pty Ltd for 20 years until it…
Firm accused of helping businesses dodge creditors, tax office, goes into liquidation
A firm of business advisers accused of helping company directors hide cash and assets from creditors and the tax office has gone into liquidation, raising questions over whether the firm’s activities will ever be properly investigated by government agencies. The firm, melbourne-based SMEs R Us, was one of a number of “pre-insolvency advisers” identified by…
King Street Gourmet Retailer Mercado Slips Into Voluntary Administration
brisbane’s food and drink scene was rocked late last week by the closure of Mercado. The gourmet retailer had barely lasted six months after opening in November with designs on being Brisbane’s 1500 square metre answer to Harrods Food Hall in London and Italy’s Eataly. A sign in the window of the King Street retailer…
Junkyard Artist Management enters liquidation, leaving comedians out of pocket
“I am not going to be too hard on my former management,” he wrote on Instagram. “They spread themselves too thin trying to support their people, and stuffed up the numbers.” Not all of Ivanoff’s clients were so forgiving. Greg Larsen signed on with the company just a month ago: “Since Junkyard went insolvent, a…
Doughnut Time enters liquidation, workers to claim taxpayer-funded compensation
Doughnut Time is going into liquidation — despite its new chief executive saying he would buy the company and “turn it around”. Its workers, who are owed an estimated $200,000 in unpaid wages, have also been kept in the dark. None of the workers were told by the company’s senior leadership that it had gone…
Granny flat builder Cubitt’s in voluntary administration
Cubitt’s Granny Flats and Home Extensions, an affordable housing company that has been operating in NSW and ACT for the past 30 years, has been placed into voluntary administration with debts of about $3.8 million. Directors of the family-owned company have appointed Richard Stone and Brett Lord from RSM Australia Partners as administrators following an ‘emotional’ meeting…
Botswana Butchery restaurants in Australia enter voluntary administration, White + Wong’s eateries also close
A hospitality group operating popular New Zealand-founded restaurants Botswana Butchery and White + Wong’s will close its Australian eateries. Hospitality business Good Group Australia was thrust into voluntary administration on March 31, impacting the Botswana Butchery chain and three other Asian restaurants across the Tasman. New Zealand operations at Good Group are not affected. The…
“So long and thanks for all the fish”: Melbourne fine-dining institution enters liquidation
melbourne-based fine-dining establishment Woodland House has closed its doors for good, with the business entering liquidation yesterday after five years in operation. The Prahran business was founded by chefs Hayden McFarland and Thomas Woods, who took over the site of one of Melbourne’s most revered and well-loved restaurants Jacques Reymond. The restaurant had received a number…