By NICHOLAS COMINO FOR DAILY MAIL AUSTRALIA Published: 11:43 AEST, 13 May 2025 | Updated: 12:25 AEST, 13 May 2025 Two popular Asian fusion restaurants have shut up shop overnight after their wealthy owner sparked an investigation by the corporate watchdog. Kekou and Klae, in the inner
Beau Homes, a gold coast building company that focuses on pools, has gone into liquidation. Rodgers Reidy’s David Hambleton and Kaily Chua have been appointed as administrators of the Currumbin-based company. The company is reported to owes its creditors $1 million. According to the Queensland Building and Construction Commission (QBCC) Beau Homes’ building licence was…
Project Overview Fraudulent phoenix activity is of great concern to Australian policymakers. It occurs where there is the deliberate liquidation of a company to avoid paying debts but the business continues through another company, and in corporate groups through the liquidation of undercapitalised subsidiaries and transfer of business to other companies in the group. This…
gold coast-based food manufacturer, Smart Foods, has acquired The Aussie Plant Based Co., eight days after it went into liquidation. Operations have already restarted. Smart Foods CEO, Raghu Reddy told Food & Drink Business that despite the recent challenges for the plant-based company, he recognised its “immense potential”. Fort Restructuring partner, Ken Whittingham said Smart…
The family company of former Socceroo Steve Horvat has been pushed into liquidation in a development that will send shockwaves through A-League club Western United on the eve of the competition’s finals series. Nathan Deppeler and Scott Andersen from Worrells were appointed liquidators of Horvat’s family company Sava Engineering on Monday, after a meeting of…
Frontier Lighting, a perth-based events company that provides lighting to some of the state’s biggest concerts, has gone into liquidation after being decimated by the pandemic. Border restrictions and stay-at-home orders have caused a significant decline in the number shows being put on in the last 18 months. CEO of Frontier Lighting Jared Hawke told…
The business entity controlled by collapsed builder Modco Residential‘s co-founder has fallen into liquidation. Ms Lu Holdings – an entity solely controlled by Modco co-founder Cynthia Lu – was placed into the hands of liquidator Mathieu Tribut from Mackay Goodwin this afternoon. Ms Lu held a stake in Modco Residential alongside her partner Yusuf Khan,…
Alyssa Luc and her partner Xuan Tri Mai are among many Australians who wish they hadn’t rushed into building a home. It was the end of 2020 when the couple purchased a block of land in Catherine Field, a growth area suburb south-west of sydney. Their block cost about $500,000, and they spent another $700,000…
A perth jetski and quad bike dealership has stumbled in liquidation, calling in experts Greg Prout and David Hurt from WA Insolvency Solutions to sift through its affairs. Late last month the Seadoo WA Pty Ltd, trading as Sea-doo Sport and Leisure, made the decision to call in liquidators from WAIS after struggling to get…
By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 15:09 AEST, 24 April 2025 | Updated: 16:35 AEST, 24 April 2025 A lack of recent hailstorms is just one of the reasons why a nationwide panel beating group has collapsed owing almost $5million to creditors. Seven companies operated by Action Smart Group are in liquidation with…