A stark warning has been issued that half of Australia’s building companies are on the brink of collapse, and it could see thousands of people’s homes impacted in the coming months, according to an industry insider. Two major Australian construction companies including gold coast-based Condev and industry giant Probuild have already gone into liquidation this…
gold coast construction company Pivotal Homes, which has built more than 1,500 homes during its 15 years of operation, has been placed into liquidation. Key points: Pivotal Homes was placed into liquidation on Thursday afternoon Its director says rising costs have made operations unviable The company employees 16 staff on the Gold Coast “Unfortunately, the rising costs which…
D.I.M Furniture went into administration this week, the latest in a string of companies to be liquidated by melbourne’s Dimarelos family. Glenn Crisp and Malcolm Howell of Jirsch Sutherland were appointed as administrators of D.I.M Furniture, which was owned by Paul Dimarelos, on October 15, 2014. Crisp declined to comment to SmartCompany but Jirsch Sutherland’s…
– Advertisement – melbourne, FL, June 29, 2023 – In a troubling development, Melbourne-based company Property Registration Champions (Prochamps), once a front-runner in the field of technology-driven property registration and compliance, has announced that it is filing as an assignee for the benefit of creditors, also known as an ABC. This drastic measure underscores the…
The company that leased an iconic homestead southwest of melbourne has collapsed, leaving locals concerned about the heritage-listed property and at least one bride-to-be having to scramble to find a new wedding venue. Cumming Enterprises Melbourne, which leased the Point Cook Homestead from Parks Victoria, entered voluntary liquidation on July 7. The business facilitated…
melbourne digital printer Retail Communications has closed its doors and gone into liquidation, leaving behind a debt of $1.7 million. About 15 staff members have lost their jobs. A notice published on the ASIC site says: “A general meeting of the members of the Company held on 25 September…resolved that the company be wound up and…
melbourne based printer Retail Communications has gone into liquidation, with its cash flow unable to service its growing debt, thought to be in excess of $1.5m. The company is owned by Mark Archibald, who has had the company – which has between 15 and 20 staff – for almost 11 years. The business is currently…
Petra Hair Care has collapsed into liquidation after 52 years in business. The chain started business as a hairdressing salon in melbourne‘s Elizabeth Street in July 1966 where it became apparent there was a market for selling hair care to the home. Petra Hair Care grew to five stores across Melbourne.Credit: Stocksy Soon the salon…
melbourne-based consumer electronics vendor Kaiser Baas has entered liquidation, seven months after selling the brand to New Zealand distributor Exeed. The company, best-known for its consumer drones and action cameras, appointed Romanis Cant as liquidators on 17 May with at least $3.8 million in debts. In December 2017, Exeed acquired the Kaiser Baas brand, including…
A melbourne electrical company has folded into voluntary administration following a wind-up order from the Australian Tax Office. Dandenong-based Impressive Electrical appointed Gess Rambaldi and Andrew Yeo of Pitcher Partners as administrators of the company on June 18. The collapse comes after the ATO’s recent spate of wind-up orders saw the tax office issue…