“Now that these concessions and support mechanisms have ended, from October 2022 to March 2023, there was a 61 per cent rise in insolvency compared to the same period last year, with 3632 cases reported this year compared to 2257.” Victorian Chamber of Commerce and Industry chairman Paul Guerra said rising inflation and the end…
Another sydney building company has fallen leaving at least 60 creditors out of pocket and owing more than $1 million in debt. Simone Homes Pty Ltd went into voluntary liquidation on Thursday, August 24 with insolvency firm PKF’s Bradley John Tonks acting as the company’s liquidator. The business is family-run and was established in 2014…
By ELIZA MCPHEE FOR DAILY MAIL AUSTRALIA Published: 10:18 AEDT, 22 August 2024 | Updated: 11:37 AEDT, 22 August 2024 Four building and development companies have collapsed, putting 25 projects in jeopardy, as the construction industry continues to be ravaged by soaring costs of materials and labour. The NSW companies – Adroit Constructions Pty Ltd, Maximus…
One of Australia’s largest digital services companies has collapsed into liquidation after operating for 15 years. melbourne technology firm Exa Web Solutions, which specialises in website development and digital marketing, called in liquidators earlier this week, according to The Herald Sun. Exa Web Solutions was founded in 2000 and employs around 350 web developers and…
A melbourne pool company has permanently closed its doors, leaving some customers thousands of dollars out of pocket. Nyerse Constructions Pty Ltd, which trades under Pools R Us in Dandenong South, officially went into liquidation on June 1 according to the Australian Securities & Investments Commission (ASIC). In an email sent to customers in late…
A popular Australian homewares brand based in
Fenton & Fenton, a much-loved Australian homewares boutique that garnered a massive following over the years, has collapsed. The once-thriving business in the trendy suburb of Prahran in melbourne’s inner southeast has been placed under external administration. The merchant’s website, now defunct, features a brief statement announcing the liquidation: “Fenton & Fenton Pty Ltd (In…
melbourne home builder Delco Building Group has gone into voluntary liquidation owing unsecured trade creditors $780,000 after director Marc Milner decided the company could not complete the five jobs it had on the go without incurring further losses. Delco, which started in 2017 and focused on standalone, high-end dwellings, owed the Australian Taxation Office $180,000,…
A popular bar and burger joint in melbourne’s inner city has had to shut down as post-Covid woes continue to bite the hospitality industry. On Thursday, The Beer & Burger Bar Pty Ltd, based in Cremorne three kilometres from the city’s CBD, went into liquidation. Mathew Gollant of insolvency firm CJG Advisory was appointed as…
The melbourne Star Observation Wheel has often been derided as a poor imposter of the London Eye, and occasionally ridiculed for spending more time stagnant than in motion. For many, it was a symbol of the promise of Docklands that was never delivered. However, now Melbourne faces the far-worse prospect of a permanently-stagnant wheel by…