Category Archives: Liquidation

One of Australia's biggest construction companies stops work and plunges into administration – Daily Mail

By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 10:50 AEDT, 5 February 2024 | Updated: 21:05 AEDT, 5 February 2024 One of Australia’s biggest construction companies has stopped work in three states and appointed administrators as higher interest rate… Read the full article at: https://www.dailymail.co.uk/news/article-13044929/One-Australias-biggest-construction-companies-stops-work-plunges-administration.html

NCLT admits SKIL Infrastructure under corporate insolvency process – The Economic Times

Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted listed infrastructure development company SKIL Infrastructure under the corporate insolvency resolution process (CIRP) following an application filed by its financial creditor Amluckie Investment Company.The tribunal has also appointed Purusottam Behera as its resolution professional. “The moratorium shall have effect from the date…

UK corporate sector in better shape than figures suggest – Reaction

A personal view from Ian Stewart, Deloittes Chief Economist in the UK. A recurring theme in the Monday Briefing over the last year has been the unexpected resilience of Western economies, including the UK. Employment has held up surprisingly well, housing markets have softened, not collapsed, and there is little obvious distress in financial markets.…

Australian construction company St Hilliers goes into administration – ABC News

In short: Major building company St Hilliers has called in voluntary administrators. Work has been paused work at 21 construction sites while administrators undertake an assessment of its finances and operations. What’s next? The first meeting of creditors is expected to be held within the next two weeks Major construction company St Hilliers has been placed into voluntary…

$12m in losses: Construction giant goes bust – news.com.au

Construction giant St Hilliers has called in administrators, halting work on more than 20 projects across Australia. The group appointed Glenn Livingstone and Alan Walker of WLP Restructuring to take charge of its construction division yesterday after racking up $12 million in losses over the past two years. In a statement, the administrators said they…

St Hilliers' construction business collapses into administration – The Australian Financial Review

Feb 5, 2024 12.16pm Sydneys St Hilliers has put its building business into administration repeating a move it made 13 years ago saying cash injections worth more than $32 million over the past year and a half were not enough to keep the business going. WLP Restructuring, the administrators, said they had paused work at…

Australian building giant St Hilliers goes into voluntary administration – 9News

Building giant St Hilliers has gone into voluntary administration in yet another blow to Australia’s beleaguered construction industry. Glenn Livingstone and Alan Walker of WLP Restructuring were yesterday appointed as administrators for seven entities within the group’s construction division St Hilliers Contracting. Property development and investment arm St Hilliers Property is not affected. Building giant…

NCLT admits Vadraj Cement for insolvency process – The Economic Times

Mumbai: Vadraj Cement, which was stuck in liquidation for more than five years under the Bombay High Court, has been shifted to the National Company Law Tribunal (NCLT) for debt resolution, giving lenders a glimmer of hope to recover more than half of their dues.Budget 2024 Budget at a glance: Your 2-minute guide to become…

Small Robot Company proceeds into liquidation – Future Farming

UKs Small Robot Company (SRC) proceeds into liquidation. The technology of the company delivered value at a profit, with customers waiting, but could not secure the required investment to scale. According to SRC on LinkedIn they had a signed Term Sheet, but the investment did not land before the runway ended. Looking back SRC mentioned…

Halo Food moves from administration into liquidation – just-food.com

Share this article Halo Foods Tonik brand of protein shakes. Credit: Facebook Halo Food, the New Zealand-headquartered business that appointed administrators in August, has gone into liquidation. Given the companys listing in Australia, the registered operations in that country Halo Manufacturing, Halo Food Co. and Omni Brands are included in the liquidation process, which was…