East Anglian company directors are closing their businesses at a faster rate amid “insurmountable challenges”, an insolvency practitioners’ body has warned. Regional trade body R3 Eastern said corporate collapses were hitting a year-on-year high as firms faced “a perfect storm” ofeconomic turmoil and were increasingly leant on by creditors pursuing debts. Monthly statistics releasedby the…
Brisbane-based brewer Ballistic Beer Company has entered voluntary administration to give it time to restructure the business and reorganise its balance sheet before continuing operations. ASIC records show Jason Stone of accountancy and advisory firm PKF was appointed to undertake the administration. Ballistic founder and director David Kitchen told Brews News he expected the company…
Source: Ballistic Beer Co Independent craft brewery Ballistic Beer Co has called in the administrators, as the award-winning Queensland company attempts to restructure its operations. As first reported by The Crafty Pint, Ballistic Beer Co, based in Salisbury, Queensland, this week appointed administrators from PKF Melbourne to handle its affairs. A notice published by the…
One of Queensland’s most high profile independent brewing companies has gone into voluntary administration. Ballistic Beer Co founder David Kitchen told The Crafty Pint the directorsof the companyhave taken the decision to enter into Voluntary Administration. As pera filing with ASIC dated January 24, they have appointed PKF Melbourne as administrators. David says the directors…
Roofoods has been advised on the voluntary administration of its Australian subsidiary, Deliveroo Australia. Firm: Gilbert + Tobin (Roofoods) Already have an account? Sign in below: Deal: Publicly listed UK entity Roofoods has been advised on the voluntary administration of its Australian subsidiary, Deliveroo Australia, following its decision to exit the Australian market amid challenging…
The number of companies filing for administration across the Midlands jumped by 60% in 2022 as rising inflation and weaker trade continues to put businesses under pressure. Analysis of notices in The Gazette by Interpath Advisory reveals that a total of 120 companies based in the Midlands fell into administration in 2022 up from 75…
Two of Australias richest people are expected to be rivals in the bidding process for Sun Cable, the developer of what could be the worlds biggest intercontinental solar and energy storage project. Administrators indicate that the sale process could be completed within three months. January 24, 2023 David Carroll From pv magazine Australia The future…
A South Australian manufacturer that launched over a decade ago could be one of the states biggest corporate insolvencies as it was revealed it collapsed owing a whopping $70 million to 530 creditors. Another casualty was the collapse of its sister company Nexteel, which produced pre-painted steel, and went under owing $18 million to 130…
Thousands of customers may no longer receive their orders from an online furniture and homewares retailer after its administration recommended winding up the company. Administrators have recommended winding up Brosa after it was sold to Kogan.com for $1.5 million in December 2022 when it fell into voluntary administration. The company entered administration with $4.3 million…
The Perth accountant who pocketed millions in fees over the drawn-out liquidation of Alan Bonds billion-dollar Bell Group has found his company on the other end of a wind-up order at the hands of the tax boss. The Commissioner of State Revenue has launched Federal Court action to have company Anthemis wound up, an entity…