Work has halted on 21 building projects in Queensland and NSW after construction firm St Hilliers called in administrators over the weekend, a casualty of the flagging building sector where insolvencies last year hit an all-time high. Administrators WLP Restructuring partners Glenn Livingstone and Alan Walker said they have secured sites and paused work on…
Yesterday, Black Hops Brewing faced imminent death. Today, the acclaimed gold coast brewery is back on track after a group of investors – Black Hops Craft – swooped in to save the business at the 11th hour. “We are passionate supporters of craft beer and independent breweries,” Black Hops Craft’s Darren Hill said in a…
Scott Wilcox, the former director and shareholder of high-end residential builder Dome, says his former fellow directors chose to put the company into liquidation last week and turned down offers he made to keep the business going, including coming back to run it. In a LinkedIn post late on Monday, Mr Wilcox said he was…
A company linked to the builder of sydney’s troubled Opal Tower will be liquidated, with creditors seeking as much as $36 million for a series of buildings in the city plagued by faults. The company, formerly named Icon Construction Australia (NSW) Pty Ltd, was placed in voluntary administration in November after slugging it out with…
A branch of a melbourne hospitality chain that has ties to several popular food and drink venues has collapsed. Legacy Hospitality Group Pty Ltd went into liquidation on October 6, according to documents filed with the Australian Securities and Investments Commission (ASIC). Andrew Knight and Sebastian Hams from insolvency group KordaMentha have been appointed as…
A homeowner left financially ruined from millions of dollars worth of building defects in her apartment block is disappointed that the government has rejected her plea for early access to her superannuation. Tamara Railton-Stewart, 48, believes she has now exhausted most of her options to scrape her way out of a lifetime of debt. The…
A popular Australian designer whose empire has been pushed into liquidation after owing more than $1 million to the Tax Office has been slammed by furious brides who fear they may lose their wedding gowns. Supreme Court Justice Paul Brereton gave sydney-based designer Johanna Johnson time to convince the court she has a plan in…
A builder and kitchen renovations company servicing melbourne’s leafy inner-eastern suburbs have added to the growing list of construction insolvencies hitting boutique companies servicing wealthy clients. Builder Warwick Constructions went into administration in late October, followed four days later by fellow Hawthorn East-based renovations business Ultimate Kitchens & Bathrooms, when director Jeff Richards appointed a…
It is expecting to report a deeper loss for the 2024 financial year in the range of between $15 million and $20 million, partially driven by disruptions from a botched technology migration project involving a new logistical supply chain platform. This impacted Mother’s Day trading to a degree that was “greater than expected”, delaying the…
Another building company has collapsed, leaving homeowners, tradies and staff in limbo with debts of $3.5 million. News.com.au can reveal that last Thursday, Alpha Building Group Pty Ltd went into liquidation. All staff have been sacked and 10 homeowners across the Greater melbourne area have been left with unfinished projects following the company’s demise. Brent…