A Melbourne hospitality chain behind several popular food and drink venues has collapsed. Legacy Hospitality Group Pty Ltd went into liquidation on October 6, according to documents filed with the Australian Securities and Investments Commission (ASIC). Andrew Knight and Sebastian Hams from insolvency group KordaMentha have been appointed as liquidators. Watch the latest news and…
A construction, design and refurbishment company with 192 employees and hundreds of projects around Australia has gone into voluntary administration. National Projects & Maintenance (NPM Group) was a commercial fit-out company that worked on developments for some of the countrys biggest property entities, including Goodman, Mirvac, GPT, Charter Hall and Brookfield. The Sydney-based company has ceased trading…
An arm of a major hospitality business has quietly collapsed into liquidation, impacting nearly 250 staff members and a handful of other creditors. Melbourne-based Legacy Hospitality Group Pty Ltd went into voluntary liquidation earlier this month. Andrew Knight and Sebastian Hams of insolvency firm KordaMentha have been appointed as liquidators. The entity weve been appointed…
Oct 24, 2023 3.11pm Sydney-based construction, design and refurbishment company National Projects & Maintenance (NPM), which completed developments for some of the countrys biggest property players including Goodman, Mirvac, GPT, Charter Hall and Brookfield, has collapsed. The company, which employed nearly 200 people and had offices across the country, sent out automated messages to its…
Former chairmans attempt to write off debts of 3.2m dismissed by court A file image of Danny Drew Shane Phelan Today at 03:30 A High Court judge has directed that garda be informed of allegations a former League of Ireland football club owner gave misleading information in personal insolvency proceedings. The direction came three weeks…
The Board of Goodbye Kansas Group AB (the Company or Goodbye Kansas Group) has today decided to declare bankruptcy for its subsidiaries Goodbye Kansas Studios AB, Goodbye Kansas Holding AB, Virtual Brains AB, Goodbye Kansas Infinite AB and Previble AB. The strikes in Hollywood have since the beginning of May 2023 halted productions for the…
A major national construction company with 100 employees has collapsed. NPM Group, standing for National Projects and Maintenance, went into voluntary administration on Monday. The business specialised in construction, fit-outs, minor works and maintenance projects in the commercial sector. It has ceased operating immediately. NPM Group had 10 companies under its banner across NSW, Victoria,…
The Federal Court’s recent decision in Hall v CAP Security Services Pty Ltd [2023] FCA 1237 highlights an interesting and practical solution for former directors who receive a director penalty notice after their directorship has ended. Director penalty notices (DPNs) The Australian Taxation Office (ATO) can issue a DPN to the director of a company…
ASIC has disqualified Anthony Murray and his son, Danny Luke Murray, of Martinsville, NSW, from managing corporations for 4 years, after their involvement in two failed companies. Between 2007 and 2019, Anthony Murray was a director of two failed companies: MKD Custom Stainless & Design Pty Ltd (ACN 615 206 025) (de-registered) (MKD); and Site…
What Is A Personal Guarantee? As a company director, lenders, some suppliers, and landlords may request that you sign a Personal Guarantee (PG). This guarantee acts as security for a companys liabilities such as debt repayments or rent. By so doing, the creditor will make you personally liable for the debt owed to them in…