The last of eight companies within the sydney Investment House Group, alleged to have operated an unregistered managed investment scheme, have been placed in provisional liquidation. The New South Wales Supreme Court yesterday appointed Quentin Olde of Taylor Woodings as provisional liquidator to Sydney Investment House (Newcastle) Pty Ltd , following an application by the…
The firm had a portfolio worth more than $400 million, ranging from luxury apartments and affordable housing to retail projects, but on Friday formally went into liquidation, according to documents filed with ASIC. Creditors have been told to submit their debts or claims by August 5. Stevens Construction has collapsed two months after going into…
Hudson’s Bay Company began liquidation sales on Monday, while temporarily excluding six stores from the initial process. Hudson’s Bay receives court approval for revised liquidation plan, excludes 6 locations. – Hudson’s Bay The Canadian retailer received court approval on Friday to move forward with a revised liquidation plan as part of its ongoing Companies’ Creditors…
Rubik3 founder and director Guy Earnshaw: the business remained sound and operating. Photo: Region. Rubik3 founder and director Guy Earnshaw has moved to quash reports that the award-winning consulting and recruitment business he founded has gone bust. Mr Earnshaw said the business had been restructured in March to June 2022 to streamline its work, including…
Crown Group has entered into provisional liquidation, and its co-founders, Iwan Sunito and Paul Sathio, have agreed to put aside a long-running dispute in an attempt to salvage what was once a big real estate developer. Andrew Sallway, business restructuring partner at BDO, was appointed as the company’s provisional liquidator on Thursday. He will have…
The company that operates melbourne’s fine cuisine restaurant Dinner by Heston is under scrutiny amid concerns that workers have been underpaid. As the company puts itself in the hands of a liquidator, the Fair Work Ombudsman has accused it of failing to comply with a statutory notice to back pay worker entitlements. Fair Work had…
An outback car rental company based on the gold coast has gone into liquidation, owing tourists hundreds of thousands of dollars in bond money and raising questions about a Federal Court case aimed at recovering funds. Key points: Australian 4WD Hire’s previous owner Smart Corporation sold the firm in December Days later, Smart Corp went…
Kilburn-based Railroad Transport has been placed in voluntary liquidation with more than 100 staff around Australia made redundant. Liquidator Tarquin Koch said the amount owed to them would be “north of $2.1 million”, but employee entitlements are covered under the federal Fair Entitlements Guarantee Scheme. Although the company made slight losses on annual revenues of…
By PADRAIG COLLINS FOR DAILY MAIL AUSTRALIA Published: 08:14 AEST, 22 October 2023 | Updated: 09:12 AEST, 22 October 2023 A luxury
A Queensland building company has gone into liquidation owing about $20 million to creditors, many of which are unlikely to recover the full extent of their losses. Veteran construction company Stokes Wheeler had four projects under construction on the gold coast whose contracts have now been cancelled. The largest project, a block of 40 apartments…