gold coast-based construction giant Condev has been forced to appoint a liquidator as market and material costs threaten the company’s bottom line. The Queensland firm called a last-bid meeting on Monday with developers from around the country in a bid to raise cash for ongoing operations. The meeting did not provide the solution – thought…
The chairman of the melbourne Rebels, Paul Docherty, has stepped down from the embattled Super Rugby club, with Rugby Australia forced to step in and take over the running of the franchise after it fell into administration. Rugby Australia confirmed on Tuesday that the rugby union club had entered voluntary administration, one month after The…
After more than 30 years, the perth Theatre Company has gone into voluntary administration. The theatre said the company’s business and financial model was un-sustainable in the current economic environment. Company chairman Dr Saliba Sassine said the theatre had not been successful in finding a solution to its financial problems and had now decided to…
The brisbane Irish Club has been placed into voluntary administration and three directors have resigned amid ongoing financial difficulties. In a memorandum published on the Queensland Irish Association’s website, company secretary Paul Hogan wrote that the new board, appointed in November 2014, had been attempting to monitor the QIA’s financial position. The Brisbane Irish Club…
Gourmet grocer and online food retailer The Essential Ingredient has collapsed into administration. The food supplier, which has been in operation for 38 years, entered voluntary administration on Thursday and PricewaterhouseCoopers (PwC) has been brought in to oversee the company. The Essential Ingredient will continue to trade business while it undertakes a sale process. Gourmet…
THE company behind Subiaco night spot Purl Bar has gone into voluntary administration. It comes three years after owners Bert Mondello and Damien Wilson took over the bar, with hopes to “bring a bit of Mount Lawley flavour to Subiaco”. It was their first foray into hospitality. Confidential understands the duo closed the doors after…
Nourish Food, the melbourne-based kids snack food company behind the Whole Kids brand, is urgently seeking a buyer and appointed voluntary administrators after a deal with a “major strategic partner” fell through. Monica and James Meldrum founded Whole Kids in 2005 after seeing a gap in the market for organic, plant-based and additive-free snacks for…
One of brisbane‘s biggest live music venues has gone into administration, with its future likely to be decided within the next four weeks. The Hi-Fi Bar at West End, along with its counterparts in sydney and melbourne, went into administration on Thursday following a dispute with a creditor. The Hi FI has hosted acts such…
The melbourne Star Observation Wheel has often been derided as a poor imposter of the London Eye, and occasionally ridiculed for spending more time stagnant than in motion. For many, it was a symbol of the promise of Docklands that was never delivered. However, now Melbourne faces the far-worse prospect of a permanently-stagnant wheel by…
Rebels players huddle after scoring a try. Photo: Photosport Rugby Australia is committed to getting the melbourne Rebels on the field for the 2024 Super Rugby Pacific season after the organisation entered voluntary administration on Monday night. Rugby Australia ceo Phil Waugh says the Rebels’ players and staff will be supported through this time. “As…