Category Archives: Liquidation

Warwick Constructions, Ultimate Kitchens & Bathrooms follow Dome into insolvency as builder failures hit Melbourne’s leafy inner suburbs

A builder and kitchen renovations company servicing melbourne’s leafy inner-eastern suburbs have added to the growing list of construction insolvencies hitting boutique companies servicing wealthy clients. Builder Warwick Constructions went into administration in late October, followed four days later by fellow Hawthorn East-based renovations business Ultimate Kitchens & Bathrooms, when director Jeff Richards appointed a…

MOZ) share price plummets amid insolvency fears

It is expecting to report a deeper loss for the 2024 financial year in the range of between $15 million and $20 million, partially driven by disruptions from a botched technology migration project involving a new logistical supply chain platform. This impacted Mother’s Day trading to a degree that was “greater than expected”, delaying the…

Alpha Building Group collapses into liquidation owing $3.5m, 10 homes impacted

Another building company has collapsed, leaving homeowners, tradies and staff in limbo with debts of $3.5 million. News.com.au can reveal that last Thursday, Alpha Building Group Pty Ltd went into liquidation. All staff have been sacked and 10 homeowners across the Greater melbourne area have been left with unfinished projects following the company’s demise. Brent…

Sydney buyer snaps up liquidated Webster Computers – Services

Webster Computer Systems, an Intel, Microsoft and HP reseller whose history stretched back to 1970, has been bought out of liquidation by sydney-based Fourier Technologies. Fourier announced the buyout on last month after it placed the highest bid for the failed Sydney-based company, which fell into liquidation after the Deputy Commissioner of Taxation filed a winding-up…

Genius Childcare boss in $26m deal with G8 in hot water over company liquidation

The director of a childcare company that plans to acquire 31 underperforming centres from G8 ran another childcare venture that went broke late last year, owing almost $5 million rent to a landlord. Darren Misquitta, director of Genius Childcare, was also accused of failing to supply key financial records to a liquidator, according to a…

Suppliers’ fury as Whirlwind in liquidation

Trade suppliers are furious as Whirlwind is officially put to death, with the company being placed in liquidation. Both parts of the business, melbourne and sydney, are now in the hands of Andrew Hewitt and Ahmed Bise from Grant Thornton. Total debt is unknown, but two paper merchants both have more than $1m of invoices…

Melbourne-based company Highline Caravans collapses into liquidation, potentially owing up to $1 million

A caravan builder based in melbourne has collapsed into liquidation with estimated debts of up to $1 million. Highline Caravans Pty Ltd, located in the outer suburb of Campbellfield, went into voluntary liquidation this week according to a notice published on ASIC. The company went bust potentially owing between $700,000 and $1 million.  Early reports…

Grollo escapes liquidation of collapsed Grocon empire

Property scion Daniel Grollo has avoided the humiliation of his collapsed Grocon construction empire being liquidated after the tax office and creditors of 88 failed companies voted to accept an arrangement that will see small creditors and employees paid out. Creditors met on Thursday to vote on Mr Grollo’s proposal for an amended Deed of…

Hotondo Homes Horsham, Sydney developer Merhis Group collapse amid construction crisis

A Victorian based builder called Hotondo Homes Horsham, which was a franchisee of a national construction firm, has collapsed affecting a number of homeowners. The company had 11 homes under construction at the time of its collapse, while there are also 11 employees with outstanding entitlements. It is the second Hotondo Homes franchisee to go…

Luxury Australian fashion retailer goes into liquidation owing $12.5 million to creditors

Australian luxury fashion retailer Harrolds has collapsed while owing more than $12 million. The four entities that make up the Harrolds Group were placed into liquidation at the start of October. In a statement provided to 9News, liquidator SMB Advisory put the department store’s collapse down to the difficult post-pandemic economy. A shoe display at…