STUFF The five-star hotel has closed down due to the financial impact of Covid-19, resulting in at least 139 job losses. The five-star Sofitel Auckland Viaduct Harbour has gone into liquidation, leaving at least 139 people out of work. Viaduct Quays Hotel, the registered company operating the waterfront hotel, was put into liquidation on Monday.…
Tax and advisory firm Grant Thornton has been appointed as the voluntary administrator of cladding supplier Fairview Architectural. Fairview Architectural specialises in the design, manufacture and supply of cladding and composite panel products to the construction sector. Based in Lithgow, Fairview Architectural employs 52 people in Australia. Fairview Architectural shares a licence agreement with brands…
Some excellent news for your Golden Goose collection comes today with an announcement from Tuchuzy, one of Sydneys longest running and most iconic fashion retailers. A spokesperson for the company has stated that the Bondi institute has regained control and has come out of voluntary administration thanks to the support and willingness to shop local…
Coatchristophe | Keith Steven of Company Rescue explores and comments on the new Corporate Insolvency and Governance Act which came into force at the end of June 2020 The new Corporate Insolvency and Governance Act came into force for companies in the UK and Northern Ireland to give distressed businesses breathing space and focus their…
Tuchuzy founder Daria Sakic has regained control over the business. Sakic placed the designer retailer into voluntary administration last month, citing tough trading conditions. Theres been lots of sleepless nights,” she said of the voluntary administration period. “I feel responsible for the livelihood of my team but also wanting to be able to provide the…
Adelaide Thursday July 09, 2020 Update your work-from-home wardrobe with Nowas business-very-casual fleece collection BIN SHIFT is a tidy, Adelaide-made waste diversion system Youngbloods Crystal Ale is an homage to the South Australian coast Adelaides best vegan fried chicken Demystifying shibari with Peer Rope Adelaide A distillery outside Victor Harbor may be forced to sell…
Union Standard International Group PTY LTD (USGFX) has revealed to Finance Magnates via a statement that it has entered into voluntary administration on the 8th of July 2020. According to the company, it has gone into voluntary administration to allow USGFX to restructure so that it can continue to provide financial services to its client.…
Tuchuzy founder Daria Sakic has regained control over the business. Sakic placed the designer retailer into voluntary administration last month, citing tough trading conditions. Theres been lots of sleepless nights,” she said of the voluntary administration period. “I feel responsible for the livelihood of my team but also wanting to be able to provide the…
Building on previous insolvency reforms, the UKs Corporate Governance and Insolvency Act 2020 has gone into effect. Our Finance Group explain how blending temporary measures to deal with the COVID-19 pandemic with permanent changes means the Act fundamentally reforms UK insolvency law. Directors receive temporary respite from liability and maintain control during insolvency A new…
STATE laws requiring retirement village owners to buy back freehold land they do not own have been blamed for the collapse of a Tin Can Bay retirement village into liquidation. The operators of Cooloola Waters Retirement Village have pointed to the legislation as a key factor in the company winding up last month, aged care…