One of Australia’s largest digital services companies has collapsed into liquidation after operating for 15 years. melbourne technology firm Exa Web Solutions, which specialises in website development and digital marketing, called in liquidators earlier this week, according to The Herald Sun. Exa Web Solutions was founded in 2000 and employs around 350 web developers and…
A melbourne pool company has permanently closed its doors, leaving some customers thousands of dollars out of pocket. Nyerse Constructions Pty Ltd, which trades under Pools R Us in Dandenong South, officially went into liquidation on June 1 according to the Australian Securities & Investments Commission (ASIC). In an email sent to customers in late…
A popular Australian homewares brand based in
Fenton & Fenton, a much-loved Australian homewares boutique that garnered a massive following over the years, has collapsed. The once-thriving business in the trendy suburb of Prahran in melbourne’s inner southeast has been placed under external administration. The merchant’s website, now defunct, features a brief statement announcing the liquidation: “Fenton & Fenton Pty Ltd (In…
melbourne home builder Delco Building Group has gone into voluntary liquidation owing unsecured trade creditors $780,000 after director Marc Milner decided the company could not complete the five jobs it had on the go without incurring further losses. Delco, which started in 2017 and focused on standalone, high-end dwellings, owed the Australian Taxation Office $180,000,…
A popular bar and burger joint in melbourne’s inner city has had to shut down as post-Covid woes continue to bite the hospitality industry. On Thursday, The Beer & Burger Bar Pty Ltd, based in Cremorne three kilometres from the city’s CBD, went into liquidation. Mathew Gollant of insolvency firm CJG Advisory was appointed as…
The melbourne Star Observation Wheel has often been derided as a poor imposter of the London Eye, and occasionally ridiculed for spending more time stagnant than in motion. For many, it was a symbol of the promise of Docklands that was never delivered. However, now Melbourne faces the far-worse prospect of a permanently-stagnant wheel by…
A Russian-born businessman and his wife based on Queensland’s gold coast have been told they face jail unless they repay tourists they “ripped off” through their outback car rental company, Australian 4WD Hire. Key points: Former company controllers Vitali Roesch and Maryna Kosukhina have 21 days to repay customers They are liable to imprisonment or other…
A gold coast businessman is in custody awaiting sentencing after he followed a plan to illegally strip his telecom company of money and assets before it went bust. Key points: With the advice of two pre-insolvency advisers, Richard Ludwig arranged to illegally smuggle more than $740,000 out of his company Cap Coast Telecoms before it…
A mum who moved into a townhouse built by collapsed Aussie construction giant Condev has described the horror living conditions inside the home, adding she wasn’t surprised the company had gone under. Monique Cribb said the family moved into the rental in June 2020, but by Easter the next year leaks had sprung in the…