Andrew Short Marine in liquidation

LUXURY sydney boat company Andrew Short Marine has gone into liquidation — just days before the second anniversary of its founder and namesake’s death in a yachting accident. A devastated Matthew Short, who took charge of the family firm following the death of his brother Andrew in 2009, confirmed the company was no longer trading…

How Charles Chung’s Actura collapsed and left parents $7m out of pocket

The company offered two-week overseas study trips that promised to deliver “unforgettable” STEAM education, including tours of NASA’s Johnson Space Centre in Houston, Texas, and astronaut training that included simulated and “immersive space missions”. It also offered ocean school expeditions to the Great Barrier Reef. Actura immediately cancelled all its international space and ocean camp…

Boutique building firm collapses

Yet another construction company has collapsed with perth builder City Residence Pty LTD going into liquidation. Peter Malone from CRS Insolvency Services was appointed liquidator on Wednesday after a company meeting resolved City Residence should be wound up. The company was yet to complete 13 residential building projects despite the liquidation. Perth builder City Residence…

Mercedes Construction in liquidation

perth commercial builder Mercedes Construction has tumbled into liquidation after moving to wind up its operations. It comes two months after Mercedes Construction’s sole director Adrian Gagiero voluntarily appointed administrator Ross Thomson from Bankruptcy Advisory Centre. A filing with the corporate regulator reveals Mercedes Construction passed a special resolution to voluntarily wind up its operations at a…

Neobank Volt enters solvent liquidation

Numerous entities affiliated with failed neobank Volt have entered solvent liquidation with expectations all creditors will be paid in full over the course of a wind-down process that could take another year. Founded in 20https://www.businessnewsaustralia.com/17, Volt rose to prominence as one of several challenger banks promising better customer service based on the underpinnings of advanced financial…