Rev. Daniel Ogbarmey-Tetteh Awaits complete validation to settle the remainder Government has provided a GH¢1.4billion relief package to embattled customers of 27 collapsed fund management companies, including gold coast Ltd. – which hitherto had not received a penny due to a prolonged validation process. A press release by the Securities and Exchange Commission (SEC) dated…
The development company behind a massive gold coast project has called in administrators, leaving creditors owed about $80m. Nerang Street, which is developing the $500m Queen Street Village at South Port, has been impacted by funding issues on top of dealing with the Covid-19 pandemic, according to The Australian. Robson Cotter Insolvency Group said unsecured…
Condev Construction, a Queensland commercial builder, was set to appoint a liquidator on Wednesday after soaring costs and clients who were not willing to advance the privately owned builder any further funding in a position where it could not keep trading. The company with 18 projects – 14 in gold coast – had put a…
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…
Owners of apartments in a defective sydney building have been left in limbo following the collapse of the block’s builder and developer, Alpine Projects Australia. Rachel, in her early 30s, owns an apartment in a Campsie building in the city’s southwest, where she lives with her husband. Alpine Projects Australia collapsed into liquidation on September…
A chain of cosmetic clinics has collapsed after the sudden death of its owner, leaving hundreds of irate customers awaiting procedures out of pocket. Injectable Institute Australia (IIA), famous for its botox injections, operated 16 cosmetic clinics across
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…
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…
The president of sydney Olympic Football Club and owner of a major crane company has been accused of being party to a decades-long scheme that defrauded the Tax Office of almost $100 million. Insolvency Options liquidator Darren Vardy is suing Titan Cranes and its owner Damon Hanlin for $65 million for breaching director duties due…
Aussie Plant Based Co has been acquired by fellow Australian food company Smart Foods, just days after facing liquidation. Owner of plant-based brands Veef and LoveBuds, Aussie Plant Based Co was reported to have entered liquidation last week due to cash flow challenges stemming from rising prices, rapid expansion and supply chain disruptions. The company…