Asked about his financial difficulties, Doherty told The Sunday Age that postponing the event four times, after restrictions forced him to shut the 2020 event one week after the melbourne grand prix was cancelled, had cost him $1.6 million. Loading “It’s pretty hard to recover from,” he said. “It is correct that the pandemic devastated…
A whopping 401 creditors are unlikely to receive a cent of their lost money from a collapsed building firm unless the liquidator can find a “pot of gold” buried among the company’s limited assets. In January, melbourne-based residential builder Hallbury Homes went into voluntary administration. The firm owed between $8 million and $12 million to…
Toys R Us could be making a return to Australian shores, with the toy retailer announcing plans to open “one of the largest” toy stores in the country in melbourne’s southeast. The proposed Clayton store would stretch more than 3000sq m, combining a Toys R Us and Babies R Us in an “experiential retail centre”.…
Yet another building company has collapsed, making it the fifth building company this week revealed to have gone under amid an industry-wide crisis. News.com.au can reveal that on July 11, melbourne-based residential builder Construct Homes Pty Ltd went into receivership. Oak Capital Mortgage Fund appointed Sam Kaso of insolvency firm Cor Cordis as the receiver.…
When melbourne restaurant-to-retail company Calia went into voluntary administration in June, its co-founder Jason Chang laid bare his struggles as a small business owner in an open post on social media. Chang, who is also a City of Melbourne councillor, made the emotional revelation that he had “broken down in city council” while recounting the…
Seventy-seven melbourne apartment owners couldn’t have imagined that the innocuous ping of a new email landing in their inboxes would herald the disaster that would leave many of them on the brink of financial ruin. “IMPORTANT”, said the email – sent by their strata firm in March 2020 – which in hindsight was not an…
Yet another F45 gym has collapsed into liquidation, adding to a growing pile of failed franchises involved in the popular fitness chain in recent months. On Sunday, a melbourne company called Anthony Cselko Training Pty Ltd went into voluntary liquidation. The business was trading under the name F45 Training Bayswater North, as it was part…
melbourne-based Dome Building Projects, which did high-end home building and renovation work for customers in Melbourne’s leafy inner-eastern suburbs, went into liquidation on Friday after falling short on payment demands to a former director. Jason Stone and Paul Allen of PKF were appointed as liquidators to South Melbourne-based Dome on the same day that directors…
Work has halted on 21 building projects in Queensland and NSW after construction firm St Hilliers called in administrators over the weekend, a casualty of the flagging building sector where insolvencies last year hit an all-time high. Administrators WLP Restructuring partners Glenn Livingstone and Alan Walker said they have secured sites and paused work on…
Yesterday, Black Hops Brewing faced imminent death. Today, the acclaimed gold coast brewery is back on track after a group of investors – Black Hops Craft – swooped in to save the business at the 11th hour. “We are passionate supporters of craft beer and independent breweries,” Black Hops Craft’s Darren Hill said in a…