The rise in corporate insolvencies helped Leonard Curtis return to making a profit. The rise in company insolvencies across the UK helped Leonard Curtis back into the black during its latest financial year, new documents have revealed. The restructuring and recovery group made a pre-tax profit of 806,550 for the 12 months to April 30,…
More than 50 Godfreys stores will be closing in two weeks, but it is not known if any of those will be in Geelong or Werribee. The vacuum retailer announced on Tuesday it is entering voluntary administration, as it faces a challenging economic and operating environment. Godfreys was established in 1931, operating 141 stores across…
In 2023, 25,158 company insolvencies were reported in England and Wales by the Insolvency Service, the highest number since 1993. Figures included 20,577 voluntary liquidations (9% higher than 2022 and the highest number since 1960), 2,827 compulsory liquidations (up 44%), 1,567 administrations (up 27%), and 185 company voluntary arrangements (CVAs) (up 67%). The number of…
A car company linked to a larger tradie contracting group has collapsed into liquidation with liabilities of $1.4 million. News.com.au can reveal that earlier this month, Sydney-based Surelinc Fleet went into liquidation. Its sole purpose was to lease cars to a sister company, Surelinc Services, which does heating, ventilation, airconditioning, maintenance and fire protection jobs.…
By Eliza Mcphee For Daily Mail Australia Published: 15:57 AEDT, 29 January 2024 | Updated: 19:34 AEDT, 29 January 2024 Sara Lee will remain afloat and in Australian hands in a major development after the much-loved frozen desserts brand plunged into administration three months … Read the full article at: https://www.dailymail.co.uk/news/article-13017783/sara-lee-saved-administration.html
WA Department of Mines, Industry Regulation and Safety Building and Energy is advising property owners affected by the liquidation of FTD Construction Pty Ltd to contact their home indemnity insurance (HII) provider, QBE Insurance, if they have not already done so. The Perth building company appointed liquidators yesterday (29 January 2024). In September 2023, the…
The Melbourne Rebels have entered voluntary administration, but will get the opportunity to play in the 2024 Super Rugby Pacific season thanks to Rugby Australias backing. ADVERTISEMENT Rumours and reports around the clubs financial status had been evolving over the offseason and ultimately, the club made the decision on Monday night to enter voluntary administration.…
An iconic Australian retailer known for its vacuum cleaners has collapsed into administration, with nearly 200 expected to be out of a job. Godfreys Group on Tuesday appointed voluntary administrators, citing cost-of-living pressures and inflation as the causes of its downfall. Craig Crosbie, Robert Ditrich and Daniel Walley from PwC Australia have been appointed as…
Vacuum cleaner retail chain Godfreys has collapsed, with cost of living pressures blamed for fewer sales and contributing to a “challenging economic and operating environment” for the business to remain viable. Key points: Godfreys has entered voluntary administration while looking for a potential buyer for the vacuum cleaner retailer The business has struggled with maintaining…
Leading Aussie vacuum retailer Godfreys Group has entered voluntary administration, affecting the employment of approximately 193 staff across Australia and New Zealand. Godfreys Group announced today that it had made “the difficult decision” to appoint voluntary administrators after almost 90 years in business. “Sadly, like many retailers, we have been heavily impacted by consumer confidence…