Border builder in administration will be wound up after creditors reject a deed of company arrangement for the firm … – The Border Mail

Liquidation

DEBT packed Border firm Magi-Build will be wound-up with creditors rejecting a deal which promised a return of 20 cents in the dollar. Administrator Chris Chamberlain advised creditors to accept a deed of company arrangement which would have involved Magi-Build director Paul Maginnity contributing $300,000 via asset sales. But as part of a 90-minute meeting at Alburys Commercial…

Independent Aussie phone retailer Allphones goes into administration – NEWS.com.au

Liquidation

Australias largest independent phone retailer, Allphones, has reportedly gone into administration. Picture: News Limited AUSTRALIAS largest independent phone retailer, Allphones, has gone into administration, affecting hundreds of staff from more than 80 stores across the country. The ABC reported the write-off came a year after Optus, which also owns the Virgin Mobile brand in Australia,…

Allphones has gone into administration – Business Insider Australia

Liquidation

Mobile phone retail chain Allphones went into voluntary administration today. Allphones, which opened its first shopfront in South Australia in 1989, is the largest independent telecommunications retailer in Australia with 80 company-owned, licensed and franchised stores and 440 staff. As a first step, 18 company-owned Allphones branded stores will be closed today due to insufficient…

Newcastle’s Urth Energy shuts its doors on power customers – Newcastle Herald

Liquidation

GOING THROUGH THE BOOKS: Jirsch Sutherland supervisor Hayden Asper leaving Urth Energy’s Wickham offices yesterday with boxes of documents. The solar-focused power retailer has shut its doors, for the time being at least. A WICKHAM-based power retailer, Urth Energy, has gone into voluntary administration, putting more than 20 people out of work and stranding an…