melbourne digital printer Retail Communications has closed its doors and gone into liquidation, leaving behind a debt of $1.7 million. About 15 staff members have lost their jobs. A notice published on the ASIC site says: “A general meeting of the members of the Company held on 25 September…resolved that the company be wound up and…
melbourne based printer Retail Communications has gone into liquidation, with its cash flow unable to service its growing debt, thought to be in excess of $1.5m. The company is owned by Mark Archibald, who has had the company – which has between 15 and 20 staff – for almost 11 years. The business is currently…
Petra Hair Care has collapsed into liquidation after 52 years in business. The chain started business as a hairdressing salon in melbourne‘s Elizabeth Street in July 1966 where it became apparent there was a market for selling hair care to the home. Petra Hair Care grew to five stores across Melbourne.Credit: Stocksy Soon the salon…
melbourne-based consumer electronics vendor Kaiser Baas has entered liquidation, seven months after selling the brand to New Zealand distributor Exeed. The company, best-known for its consumer drones and action cameras, appointed Romanis Cant as liquidators on 17 May with at least $3.8 million in debts. In December 2017, Exeed acquired the Kaiser Baas brand, including…
A melbourne electrical company has folded into voluntary administration following a wind-up order from the Australian Tax Office. Dandenong-based Impressive Electrical appointed Gess Rambaldi and Andrew Yeo of Pitcher Partners as administrators of the company on June 18. The collapse comes after the ATO’s recent spate of wind-up orders saw the tax office issue…
An ABC investigation into the activities of a number of business advisers, who help companies avoid paying millions of dollars in tax — and money owed to small mum-and-dad businesses — has uncovered a raft of potentially illegal transactions that are now the subject of investigation by ASIC and the Australian Tax Office (ATO). Key…
sydney commercial print business Reactiv is in liquidation with owner Kingsley Moore saying its demise was mainly due to financial problems inherited during the 2015 takeover of another Sydney printer as well as his own health problems in the last 12 months. Reactiv, based in Sydney’s Rydalmere, started in October 2015 when Moore took over…
A firm of business advisers accused of helping company directors hide cash and assets from creditors and the tax office has gone into liquidation, raising questions over whether the firm’s activities will ever be properly investigated by government agencies. The firm, melbourne-based SMEs R Us, was one of a number of “pre-insolvency advisers” identified by…
“I am not going to be too hard on my former management,” he wrote on Instagram. “They spread themselves too thin trying to support their people, and stuffed up the numbers.” Not all of Ivanoff’s clients were so forgiving. Greg Larsen signed on with the company just a month ago: “Since Junkyard went insolvent, a…
Doughnut Time is going into liquidation — despite its new chief executive saying he would buy the company and “turn it around”. Its workers, who are owed an estimated $200,000 in unpaid wages, have also been kept in the dark. None of the workers were told by the company’s senior leadership that it had gone…