Multimillion-dollar app development company Appster has collapsed into liquidation today, with business owners allegedly left empty-handed with unpaid refunds and poorly built apps. A former golden child of the Australian startup and tech scene, Appster was once hailed as the next Apple by commentators due to the companys intense growth, boasting over $19 million in…
UNSECURED creditors of failed grain business Convector Grain have criticised the administration and liquidation process, which left nothing for them in the final distribution of assets in spite of payments for liquidation, administration and legal fees totaling around $1.5 million. It is probably what we expected, we never thought we would get a big payment,…
Data (Northern) Limited has been placed into provisional liquidation following a hearing at the High Court on 30 November 2018 after an application was issued by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy. The Official Receiver has been appointed as the provisional liquidator and has responsibilities…
news, latest-news, UPDATE Liquidators say Ballarat manufacturing company Ceramet had been unprofitable for more than five years before it went into liquidation last week. Greg Andrews from GS Andrews Advisory toldThe Couriermanagement strategies to improve profit had failed. The companys closure is probably a bit of a hangover from the demise of the Australian car…
news, local-news, UPDATE Liquidators say Ballarat manufacturing company Ceramet had been unprofitable for more than five years before it went into liquidation last week. Greg Andrews from GS Andrews Advisory toldThe Couriermanagement strategies to improve profit had failed. The companys closure is probably a bit of a hangover from the demise of the Australian car…
Dear Sir / Madam, We would like to inform you that 08th meeting of Committee of Creditors of Sterling Biotech Limited was held on Tuesday, 04th December 2018 at 02.00 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to take the same on…
Australian retailers who stock TEAC products are today questioning the long term future of the business after the Company reported a loss of $2.04M. Questions are also being raised as to whether the Australian Securities and Investment Commission should question directors of the Australian operation, (TTA) about inter Company loans and the approval of these…
news, latest-news, The ripple effects of the decline in Australias car manufacturing industry are being felt as a tidal wave in Ballaratafter metal pressing company Ceramet went into liquidation last week. A source who wished to remain anonymous toldThe Courier30 staff would lose their jobsafter liquidatorswere appointed on Wednesday. Ceramets technical and commercial manager Stephen…
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has changed the Financial Strength Rating (FSR) to a Non-Rating Designation of F (In Liquidation) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to f from a- of Merced Property & Casualty Company (Merced) (Atwater, CA), following the announcement on Nov. 30, 2018, that the California Insurance Commissioner…
Christchurch company Corbel Construction has gone into liquidation. Corbel Construction, established in Christchurch in 2000, opened an Auckland office in 2015 and said it specialised in commercial and industrial projects, and had upgraded four schools in Christchurch and worked with district health boards in Auckland and Christchurch. The Companies Office said Andrew Oorschot of Ashton…