Sydneys Akasha Brewing Company has become the latest craft brewer to enter into voluntary administration, with the directors appointing Henry McKenna of Vincents as administrator on Wednesday. The directors of Akasha have made the decision to enter administration to deal with financial losses due to declining consumer demand amid a climate of rising production costs…
The Zega Cookware pot and app. Source: supplied. The company behind a range of smart, bluetooth-enabled cookware has entered voluntary administration two years after it launched its first products. Tim Heesh and Mark Everingham of TPH Advisory have been appointed as voluntary administrators of Zega Intelligent Cookware on March 18 and are now seeking urgent…
Workers should go to court In its decision, the FWC found that the dismissals were unfair. However, it said it can no longer decide on the merits of the case since the company was already put in liquidation. Had the company not been placed into liquidation and the applications had proceeded, [the Commission] would have…
Rubik3 founder and director Guy Earnshaw: the business remained sound and operating. Photo: Region. Rubik3 founder and director Guy Earnshaw has moved to quash reports that the award-winning consulting and recruitment business he founded has gone bust. Mr Earnshaw said the business had been restructured in March to June 2022 to streamline its work, including…
Akasha Brewing have become the latest brewery to enter voluntary administration, with the Sydney-based operation appointing the professional services firm Vincents to oversee the business as they “restructure the operations of the company and to come to terms with creditors”. The news comes just a week after Deeds appointed Deloitte to oversee a restructuring of the business. In a media…
An Aussie company relied on by thousands of parents to deliver school books and stationery packs has collapsed, leaving a trail of unfulfilled orders in its wake and parents out of pocket. Brisbane stationery supplier Sequel Books and Stationery entered voluntary liquidation on Monday. Its website shows it was the textbook and stationery supplier for…
More than a dozen staff learned at a work Zoom meeting last Tuesday that they no longer had jobs and the business had ceased trading. Everyone was terminated on the spot. We were told that there was no more, one employee, Jimmy*, who did not wish to share his real name, told news.com.au. Two days…
By Pranav Harish For Daily Mail Australia Published: 22:11 AEDT, 20 March 2024 | Updated: 22:58 AEDT, 20 March 2024 Stationery supplier Sequel Books and Stationery has collapsed after more than three decades in business delivering books to more than 50 schools. The firm located … Read the full article at: https://www.dailymail.co.uk/news/article-13218137/Sequel-Books-Stationary-liquidation-Brisbane.html
Mar 20, 2024 3.49pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? A wave of business failures in construction, hospitality and retail has pushed up the number of monthly insolvencies to the highest in almost a decade, as rising borrowing costs,…
The National Company Law Tribunal (NCLT) in Mumbai has admitted a corporate insolvency resolution process (CIRP) against over a century-old textile maker ShriVallabh Pittie (SVP) groups affiliate Shrivallabh Pittie Industries Ltd in an application filed by the State Bank of India.The lender had approached the tribunal after the company defaulted on its dues of about…