A popular brewery is going into liquidation and shutting down forever after it couldn’t scrape its way out of a financial black hole. Overnight, Victorian-based Deeds Brewing announced to its 23,000 followers that the venue had made the “difficult decision” to wind up the business after failing to find a buyer. The “proudly independent” and…
Calypso Destinations fell over with $2.3 million in unsecured creditors including Tyler himself, who is listed as claiming $924,000 in “loans to the company” that he made. The liquidator’s report said Tyler may have a defence against insolvent trading claims because of advances made to the company that were under continuing investigation. Tyler declined to…
The owner of a once-popular restaurant in melbourne says that business is so bad across the industry that he is considering throwing in the towel for good. “I’m deciding in the next 48 hours if I liquidate,” the restaurateur, James*, who wished to remain anonymous so as not to impede the possible sale of his…
A sydney building firm has become the latest to join a long list of failed construction companies. Grover Constructions, a small residential builder in the Sydney metropolitan area, went into voluntary liquidation in September. Last week, a new liquidator was appointed, at the request of the firm’s largest creditor. The new appointee, Bradd Morelli of…
An Australian manufacturer, with sites in the US and Malaysia, has collapsed owing a staggering $29 million. The 60-year-old company, called Camatic Pty Ltd and trading as Camatic Seating, designed, manufactured and installed seating in stadiums, arenas, cinemas, theatres, educational institutions and transit areas around the world. On its website, the firm boasted it had…
The former tenant of Sydney venue The Taphouse has gone into liquidation with debts totalling almost half a million dollars while the property’s owner is currently seeking a new occupant for the award-winning craft beer bar. On May 23 at a general meeting of the members of the Taphouse Hotel Darlo Pty Ltd it was…
The collapse of an Australian tech company has just taken another twist after staff received a letter from a government agency. Marketing and software company E-Mersion Media (Aust) Pty Ltd, headquartered in melbourne, collapsed into liquidation last month with debts of at least $13 million. All the company’s staff had been stood down by the…
A former franchisee in a sydney burger chain has collapsed after a court ordered the venture to shut down due to tens of thousands of dollars in unpaid electricity bills. At the end of last month, the Victorian Supreme Court ordered Bass Hill Burger Pty Ltd into compulsory liquidation. Bass Hill Pty Ltd formerly operated…
The owner of the Karen’s Diner restaurants, infamous for its staff being deliberately rude to customers, has gone under two years after the cheeky concept was born in sydney. Viral Ventures, which owned most but not all the Karen’s Diner restaurants, gave notice at a general company meeting on May 30 that it would be…
The Supreme Court of Victoria has ordered the liquidation of Bardee, a deep tech start-up backed by Australia’s largest venture capital fund, Blackbird Ventures. A melbourne storage company, backed by the Victorian State Revenue Office, last week petitioned the court to wind up Bardee’s registered company, Beyond AG, to recoup unpaid bills, and the court…