Category Archives: Liquidation

Miniso Australia in financial turmoil after master franchisee collapses, owing $14.6 million – SmartCompany.com.au

The Australian master franchisee for multinational discount retailer Miniso has collapsed into voluntary administration after the COVID-19 pandemic saw sales tank in recent weeks. Miniso Master Franchisee Pty Ltd, the main revenue generating entity associated with Minisos business in Australia, appointed administrators from Grant Thornton earlier this week, owing an estimated $14.6 million to creditors.…

Antipodeans Abroad tour company collapse leaves thousands of Aussies out of pocket – 7NEWS.com.au

Australian school students and their parents are millions of dollars out of pocket after the collapse of a travel company specialising in educational tours. Antipodeans Abroad has been sending high school students and university groups from around Australia and New Zealand overseas for nearly 30 years. Find out more in the video above They specialise…

Luxury event planner collapses amid legal battle – CQ News

It’s more bad news in a shocking year for Brisbane’s events scene with the liquidation of a long-term planning firm. Director Marc Sheldon has put his high-class event planning business Flugente under after 10 years of operation in the River City. Mr Sheldon tapped experienced liquidators Kaily Chua and David Hambleton of Rodgers Reidy to…

Former Sydney liquidator charged with dishonesty offences – Mirage News

Amanda Young, of Lewisham, NSW, a former registered liquidator, has been charged with three counts of using her position dishonestly to gain an advantage under section 184(2) of the Corporations Act 2001 and one count of dishonestly obtaining a financial advantage by deception under section 192E(1)(b) of the Crimes Act 1900 (NSW) following an ASIC…

Absolutely gutting: Bay business liquidation a tough call – Queensland Times

“ABSOLUTELY gutting” is how a director of the Cooloola Waters Retirement Resort labelled the decision to push the business into liquidation, despite it still running in the black. Rodney Lohse, who ran Cooloola Retirement Villages with his mother Lorraine Gay Lohse, said the village had not only been a Tin Can Bay fixture for 30…

TM Lewin goes into voluntary administration – Daily Mail

TM Lewin goes into voluntary administration with fears menswear company could close all Melbourne stores in the coronavirus pandemic Australian menswear company TM Lewin entered into voluntary administration The formal wear brand has five stores across Australia and a team of 40 staff TM Lewin’s parent company in the UK recently closed all of its…

Liquidation of Equestrian Australia avoided as creditors approve reform – The Australian

Equestrian Australia has avoided liquidation. Picture Sarah Reed Equestrian Australia will live to ride another day, as the embattled body narrowly avoided going into liquidation on Tuesday after its creditors voted to support administrator KordaMenthas proposal to reform the sport. They agreed the administrators proposal, endorsed by Sport Australia, the Australian Olympic Committee and the…

Viaggio Italia Travel in Queensland went into liquidation owing travellers $50,000 – Daily Mail

Holiday company goes BUST leaving desperate holidaymakers $50,000 out of pocket as the coronavirus pandemic continues to battle the travel industry Viaggio Italia Travel in Queensland expected a popular year for holidaymakers Due to coronavirus and travel bans, the company has fallen into liquidation The company now owes travellers a massive $50,000 following deposits Their…

Tour operator collapses, travellers owed thousands – Noosa News

TRAVELLERS have been left more than $50,000 out of pocket after a family-owned European tour company collapsed into liquidation. The Queensland-based Viaggio Italia Travel went into liquidation last month after it was forced to halt tours due to the COVID-19 pandemic. Viaggio operated small group tours to destinations across Italy for more than 30 years…

Wirecard NZ placed in voluntary administration – where to from here – New Zealand Herald

Wirecard NZ – the fully-owned subsidiary of the scandal-plagued German payments group – has today been placed in voluntary administration. McGrathNicol partner Andrew Grenfell, who has been appointed voluntary administrator, told the Herald, “It’s business as usual”, for around 20 Auckland-based staff. He hoped to find a buyer. Overnight, BDO partners Andrew Fielding and Nicholas…