The High Court in Johannesburg has granted an order allowing for the immediate liquidation of VBS Mutual Banks largest shareholder, thereby allowing liquidators to begin trying to recover as much as half of the R1.5bn that was stolen from depositors of the bank. Acting Deputy Judge President Moroa Tsoka wasted no time on Tuesday in…
DESSERT king Adriano Zumbo appears to have gone to ground amid shock claims his company has gone into voluntary administration. On Wednesday afternoon, the companys phone went unanswered and its website also appears to be down. The last social media posts by the company and Zumbo himself have made no mention of the reported predicament,…
A second building company has gone under this week, with Maven Interiors, known as M-INT, being placed into voluntary liquidation on Tuesday. Neither Maven Interiors director Allan Tribble nor liquidator Andrew Oorschot could be reached for comment, but a voicemail on the firms main phone said it was moved into voluntary liquidation and a liquidator…
Saskia AdystiAlbany Advertiser Wednesday, 1 August 2018 1:42PM Facebook IconTwitter IconEmail IconLink Icon Katanning BKW Co-Operative shop has gone into voluntary administration. In a letter to members BKW Co-op chairman Norm Flugge said the board was calling for expressions of interest in the business, which has operated for 96 years. The board has arrived at…
THE company formerly behind The Brisbane Hotel has been placed under voluntary administration, leaving in its wake debts worth hundreds of thousands of dollars. Prominent hospitality operator Geoff Hayward cited high rents and a soft economy for entertainment venues on the Brisbanes trading losses for Capital Management over the past two years. Poor trading for…
THE company formerly behind The Brisbane Hotel has been placed under voluntary administration, leaving in its wake debts worth hundreds of thousands of dollars. Prominent hospitality operator Geoff Hayward cited high rents and a soft economy for entertainment venues on the Brisbanes trading losses for Capital Management over the past two years. Poor trading for…
Australia’s would-be Willy Wonka, Adriano Zumbo, is in a fight for the future of his sweet-laced empire after his company was placed in voluntary administration. Administrators appointed to companies in which the dessert king is a director held a creditors’ meeting in Sydney on Wednesday morning. While the administrators and Zumbo were unavailable for comment, attendees…
Cooper & Oxleys newly appointed chief executive Bob Hudson has promised the builder is entering a new era of transparency and will earn back the confidence of subcontractors working on its projects. Mr Hudson, speaking to The West Australian less than two months into his new job, admitted there were continuing issues emerging about how…
Celebrity chef Adriano Zumbo’s dessert empire will continue trading while under voluntary administration, the group’s administrator says. DW Advisory principals Justin Holzman and Anthony Elkerton were appointed voluntary administrators on July 22 to manage three of Mr Zumbo’s businesses, which reportedly owe millions to creditors. “We are hopeful that there will be a restructure by…
Prominent Perth hospitality and tourism operator The Prendiville Group has confirmed the purchase of bustling inner-city pub The Brisbane Hotel after its previous owner went into voluntary administration. The family-run company added another iconic pub to its portfolio with the purchase of the hip watering hole on the corner of Beaufort and Brisbane streets after prominent…