High-rise builder ABD Group goes into liquidation

High-rise builder ABD Group went into liquidation on Friday after creditors appointed SV Partners’ Michael Carrafa and Peter Gountzos as liquidators of the troubled company. The appointment of liquidators meant there was no plan or hope for a turnaround of the company led by chief executive Raffaele Aiello, which records show last May formally changed…

Brisbane restaurant liquidated after owners get ASIC black mark

A popular inner brisbane restaurant has entered liquidation after its two owners were disqualified from running companies by ASIC over their other failed companies. The federal court ordered Italian eatery Eterna to enter liquidation last week after the Australian Taxation Office applied to wind up the company. Professional services firm Vincents’ restructuring and recovery director…

Shock as beloved Aussie restaurant collapses

Top melbourne restaurant Calia Australia will forever close its doors after going into liquidation. The business submitted a notice to wind up the company to the Australian Securities Investment Commission (ASIC) on Monday, less than two weeks after informing staff they would be out of a job via email. The beloved venue in Melbourne went…

Andrew Short Marine in liquidation

LUXURY sydney boat company Andrew Short Marine has gone into liquidation — just days before the second anniversary of its founder and namesake’s death in a yachting accident. A devastated Matthew Short, who took charge of the family firm following the death of his brother Andrew in 2009, confirmed the company was no longer trading…

How Charles Chung’s Actura collapsed and left parents $7m out of pocket

The company offered two-week overseas study trips that promised to deliver “unforgettable” STEAM education, including tours of NASA’s Johnson Space Centre in Houston, Texas, and astronaut training that included simulated and “immersive space missions”. It also offered ocean school expeditions to the Great Barrier Reef. Actura immediately cancelled all its international space and ocean camp…