Category Archives: Liquidation

Horror continues for construction industry as Melbourne-based Alpha Building Group collapses owing $3.5 million to more than 100 creditors

Another melbourne building company has collapsed, leaving homeowners in limbo and suppliers owed millions. Alpha Building Group Pty Ltd went into liquidation late last week with insolvency firm Rogers Reidy telling News.com.au the company owed $3.5 million to more than 100 creditors. Of this, the company reportedly owes $2.5 million to suppliers of materials and…

Melbourne building company collapses owing $2.3m, questions around $2.5m transfers

The boss of a collapsed building company may have transferred $2.5 million to its boss as a “director’s loan” in the months before the business went bust, according to the liquidator left to wade through the mess. That figure is more than the total money owed to creditors. Victorian construction firm Area Projects Pty Ltd…

WA company Advanced Traffic Management collapses into liquidation as 400 sacked

Hundreds of staff have learned that they are now unemployed after receiving a brutal text message about their termination. On Tuesday, 400 workers at a Western Australian company called Advanced Traffic Management (WA) Pty Ltd, which provides workers and equipment for major road work projects, got a text informing them the business was in liquidation.…

Nicheliving directors save failed company from liquidation

The directors of failed construction company Nicheliving have saved it from liquidation by buying it back despite being banned from holding a building licence. Directors Ronnie Michel-Elhaj and Paul Bitdorf are buying back their company after creditors agreed to a $2.7 million deal that will give them cents on the dollar for their debts. “The…

Upgrades to Floreat SLSC in limbo as building company Construct360 goes under

A multi-million dollar project to redevelop Floreat Surf Life Saving Club is facing serious delays after the construction company tasked with the upgrade went bust. Just three months since works began on the surf club upgrade, the project came to a sudden halt last week after the contractor — Construct360 — was placed into liquidation.…

OBike pulls out of Melbourne and enters liquidation in Singapore: Why hasn’t bike-sharing kicked off in Australia?

It’s safe to say that bike-sharing companies in Australia haven’t had the smoothest ride over the past 12 months. From unhappy local councils, to melbourne’s former Lord Mayor declaring their bikes “clutter”, and users across the country gleefully dumping bikes in rivers, up trees, and on top of buildings, companies such as oBike and Ofo…

Lockdown smash Providoor enters liquidation with insufficient funds to pay creditors, refund customers

Restaurant meal delivery startup, Providoor, has been handed over to Liquidators three years after launching. The business was founded in melbourne by chef Shane Delia in the early months of the COVID-19 pandemic, as a way to help restaurants stay afloat during lockdowns. Providoor allowed customers to order meals from restaurants that they would then…