KPMG has been appointed as the administrator to the ‘luxury’ aged care provider, which has two facilities in inner-perth – one in Subiaco (pictured) and the other in Como. As we reported here in July 2017, Berrington’s new $60M luxury facility in Como (7km from the CBD), has a maximum RAD of $895,000 for a…
Award-winning publican Geoff Hayward has put his company Capital Management into voluntary liquidation as he exits the pub game. Hayward bought the brisbane Hotel 15 years’ ago with investor partners, executing a big-budget transformation of the tired pub and positioning it to become a hub of perth’s burgeoning dining scene, the portfolio coming to include…
Jeanswest’s Australia arm is the latest retailer to enter voluntary administration. The casual and maternity clothing company, founded by
In October perth Fashion Festival offered creditors 25 cents in the dollar or full repayment over six years. Creditors were told if they did not accept the arrangement, they would receive nothing because the company would go into liquidation. Perth Fashion Festival was managed by Perth Fashion Festival Pty Ltd for 20 years until it…
brisbane’s food and drink scene was rocked late last week by the closure of Mercado. The gourmet retailer had barely lasted six months after opening in November with designs on being Brisbane’s 1500 square metre answer to Harrods Food Hall in London and Italy’s Eataly. A sign in the window of the King Street retailer…
Cubitt’s Granny Flats and Home Extensions, an affordable housing company that has been operating in NSW and ACT for the past 30 years, has been placed into voluntary administration with debts of about $3.8 million. Directors of the family-owned company have appointed Richard Stone and Brett Lord from RSM Australia Partners as administrators following an ‘emotional’ meeting…
A hospitality group operating popular New Zealand-founded restaurants Botswana Butchery and White + Wong’s will close its Australian eateries. Hospitality business Good Group Australia was thrust into voluntary administration on March 31, impacting the Botswana Butchery chain and three other Asian restaurants across the Tasman. New Zealand operations at Good Group are not affected. The…
Virgin Australia’s CEO says no further redundancies have been planned as a result of the airline’s move into voluntary administration on Tuesday morning. Airline boss Paul Scurrah said the development would not have an immediate impact on its operations. Virgin Australia CEO Paul Scurrah. Source: AAP “We have not changed anything in respect to the operations or the…
Australian Brewers Guild Pty Ltd trading as “Hawkers Beer” (Hawkers) has announced they have appointed an administrator to help facilitate a financial restructuring of the business. Hawkers is one of melbourne’s largest manufacturer and distributor of craft beers, based in Reservoir. DBA Reconstruction & Advisory as Administrator is supporting the continued operation of Hawkers, so…
Italian restaurant chain Criniti’s has collapsed into voluntary administration as high overheads and low consumer spending wreak havoc on the group’s bottom line. Following a meeting on Monday, the Directors of Criniti Restaurant Group appointed Worrells Solvency and Forensic Accountants as administrators. The Criniti Group currently operates 13 venues in sydney, melbourne, perth and brisbane.…