The company at the centre of a wages stoush at a premier racetrack redevelopment where two workers died has gone under owing millions of dollars. Multiple subcontractors went unpaid at the Eagle Farm Racecourse project with claimed debts in the hundreds of thousands of dollars as Landfill Logistics struggled to stay afloat. Subcontractor Barry Mitchell…
The company at the centre of a wages stoush at a premier racetrack redevelopment where two workers died has gone under owing millions of dollars. Multiple subcontractors went unpaid at the Eagle Farm Racecourse project with claimed debts in the hundreds of thousands of dollars as Landfill Logistics struggled to stay afloat. Subcontractor Barry Mitchell…
A Sydney company director has been accused of roughhousing two women as he had council-protected trees removed from an industrial park he owns on Sydney’s north shore in May. Savas Guven, 37, spruiks himself as being a big shot businessman who mixes with corporate heavyweights while he is wearing a suit and tie. But he…
At the Rickmers Maritime extraordinary general meeting held on Oct 31, unit holders approved two resolutions. Resolution 1 was to approve the proposed issue of 1,319,434,076 new units, pursuant to the proposed restructuring of the notes. This will result in the note holders receiving 60 per cent of the enlarged total number of units. The…
Three years after Brian Tyson and partners staged a mass walk out at Kreab Gavin Anderson after a failed attempt at a management buyout to start competitor Newgate Communications (PR advisers to Ardent Leisure), KGA has entered voluntary administration. The first meeting of its creditors is set for Friday at the Sydney office of corporate…
SINGAPORE – Natural resource firm Abterra reassured investors on Sunday (Dec 11) that it is solvent and able to meet its financial obligations. The statement from chief executive Lau Yu, published on the Singapore Exchange website, came after Abterra announced last Wednesday (Dec 7) that controlling shareholder, General Nice Resources (Hong Kong) had been put…
Howards Storage World has been tipped into administration weeks before Christmas, with a restructuring team from Deloitte appointed to the specialist retailer on Friday. Voluntary administrators Vaughan Strawbridge and David Lombe were appointed to companies that run 29 of the retailer’s stores in New South Wales, Queensland, South Australia and Victoria. Howards Storage World went…
Howards Storage World has been tipped into administration weeks before Christmas, with a restructuring team from Deloitte appointed to the specialist retailer on Friday. Voluntary administrators Vaughan Strawbridge and David Lombe were appointed to companies that run 29 of the retailer’s stores in New South Wales, Queensland, South Australia and Victoria. Howards Storage World went into voluntary administration last week. Photo: Sean Davey The…
Cape Town Crisis-plagued Western Province Rugby intend mortgaging certain properties they own around the city as security for amounts owed to shareholders Remgro after intended final liquidation of professional arm WP Rugby (Pty) Ltd next week, Sport24 has reliably learnt. This is one planned course of action by the cash-strapped, Newlands-based organisation in a new…
London Welsh are to fold but hope to reform in the new year. Chairman Gareth Hawkins admitted the 131-year-old club’s current business model is “totally unsustainable” and said they had no alternative but to seek voluntary liquidation. The intention is for London Welsh to reform in 2017 as a semi-professional outfit and raise £300,000 to…