Tasmanian-headquartered food business HS Fresh Food has been placed into voluntary administration, with a sale or restructure of the business likely. HS is a major supplier of salads and fresh produce to Coles and Woolworths and the parent company behind the brands Houstons Farm, Sunfresh, Gourmet Selections and HS Fresh Farms. Advertisement Administrators from FTI…
A farming business with operations across Australia has entered voluntary administration, putting some 500 jobs at risk. HS Fresh Food, which specialises in fresh salads, ready-made meals, snacks, food-to-go and pre-prepared vegetables products, collapsed on June 14, with FTI Consulting administrators Vaughan Strawbridge, Joanne Dunn and Ben Campbell brought in to restructure the troubled company.…
On the 24 September 2020, the Australian Government announced changes to Australias insolvency framework to better serve Australian small businesses, their creditors and their employees. The changes introduced new processes suitable for small businesses, reducing complexity, time and costs for small businesses. Effective from 1 January 2021, these are the most significant reforms to Australias…
Last week the National Company Law Tribunal (NCLT) granted a 60-day extension to the grounded airline Go First to complete its insolvency process. It was the fourth time it was doing so. In this issue of DH Deciphers, Abhilash Reddy, unpacks why the matter is dragging and how it got here. How long has the…
Business failures are on the rise in Britain, with several high-profile names lost already this year. But since the 1980s, the UK has made it a priority to throw a lifeline to struggling companies. It appears, however, that these efforts to enhance the law are being hampered by sloppy language in the media, increasing the…
Advertorial ARYZAs new head of corporate insolvency, Tom OConnor. Aryza, a leading provider of financial software solutions, announces the appointment of Tom OConnoras its Head of Corporate Insolvency. With an extensive career spanning over a decade in the insolvency sector and a proven track record in product development and client engagement, Tom brings invaluable experience…
A building company that straddled two different states and territories has collapsed, leading to a domino effect impacting 130 projects and 80 staff members. On Friday, creditors voted to place Cubitts Granny Flats and Home Extensions into liquidation. The builder worked in both NSW and the ACT and been in business for 30 years. News.com.au…
Cubitt’s in Emu Plains. Share this story Efforts to save long-time Penrith business Cubitts Granny Flats and Home Extensions have failed. After 30 years, the family owned business has been formally placed into liquidation by creditors. As previously reported by the Weekender, the business was placed into voluntary administration in February. There is some bright…
Major food company went bust Some 500 jobs are at risk as a result By Duncan Evans For Nca Newswire Published: 11:19 AEST, 18 June 2024 | Updated: 12:50 AEST, 18 June 2024 A farming business with operations across Australia has entered voluntary administration, putting some 500 … Read the full article at: https://www.dailymail.co.uk/news/article-13540639/HS-Fresh-Food-administration.html
Tasmanian-headquartered food business HS Fresh Food has been placed into voluntary administration, with a sale or restructure of the business likely. HS is a major supplier of salads and fresh produce to Coles and Woolworths and the parent company behind the brands Houstons Farm, Sunfresh, Gourmet Selections and HS Fresh Farms. Advertisement Administrators from FTI…