Victorian home builder Harmac Group has today joined the long list of construction companies in financial strife in 2023, with Shaun Matthews and Barry Wight of restructuring advisory firm Cor Cordis appointed as voluntary administrators. The appointment relates to four of the group’s subsidiaries – Harmac Homes, Harmac Constructions, Harmac Urban Living and Ridge Homes. Other entities in the…
Building project management company Exel Infragroup Pty Ltd collapses: Lead contractor on a multimillion dollar Victorian government project goes into liquidation Construction company Exel Infragroup Pty Ltd has collapsed Victorian-based business owes over $4.2million to 83 creditors By Olivia Day For Daily Mail Australia Published: 11:41 AEST, 21 August 2023 | Updated: 16:22 AEST, 21…
A BFT gym in action. Source: Supplied Australian-born gym franchise Body Fit Training (BFT) has announced new expansions into Hong Kong, Malaysia, and Spain, making customer gains as competitors like F45 adjust to trying market conditions. The chain opened its first Hong Kong franchise this month and has recently sold its first two franchises in…
The sale of Future Lifestyle Fashions (FLFL) under the corporate insolvency process has run into a roadblock due to a conflict of interest between promoter Kishore Biyani and the forensic auditor appointed by lenders, people aware of the development said. Dilip Dixit had undertaken an assignment for one of the Biyani-promoted company before FLFL was…
A surprise month-on-month fall in the number of corporate insolvencies in England and Wales does not reflect current tough trading conditions, with the number of struggling businesses in the region likely to rise significantly over the next year. This is according to the Midlands branch of the UKs insolvency and restructuring trade body R3 and…
The Adjudicating Authority, Mumbai Bench, Court III, admitted an application No. 4065/MB/2018, filed under Section 7 of the Code against the Corporate Debtor on 25.04.2019. The Interim Resolution Professional caused a public announcement calling claims from the creditors. He received the claims, verified the same and constituted the Committee of Creditors. Religare Finvest had 69.02%…
Bounce Foods protein bars The co-founder of Bounce Foods has confirmed the Australian protein snacks maker has gone into voluntary administration. Andy Hannagan, who set up the Erina, New South Wales-based business in 2004 with his wife Paula, cited the ongoing debt burden and trading conditions for the decision to enter the administration process. In…
By Daily Mail Australia Reporter Published: 01:55 AEST, 19 August 2023 | Updated: 01:58 AEST, 19 August 2023 A seafood giant has collapsed in Tasmania, leaving customers shocked. Huon Valley Seafoods, based in Huonville in the south east of the island, has entered liquidation. T… Read the full article at: https://www.dailymail.co.uk/news/article-12421583/Huon-Valley-Seafoods-collapses-Tasmanian-company-liquidation.html
A teeth whitening company is the latest business to collapse into liquidation. Sparkling White Smile is a business offering teeth whitening services at a salon or using products supplied by the website and stocked at Chemist Warehouse. Documents lodged with the Australian Securities and Investments Commission show the company entered liquidation on August 14. Sparkling…
Teeth whitening company Sparkling White Smile, which has products sold through Chemist Warehouse, has gone into liquidation. The teeth-whitening company was officially put into liquidation on Monday with Stephen Wesley Hathway from Helm Advisory appointed liquidator. Sparkling White Smile has not commented on the news, with its last social media post shared on Sunday suggesting…