A group of apartment owners in sydney‘s north has had to find millions of dollars to rectify defects in their complex which emerged since it was completed 10 years ago. Key points: The owners estimate it has cost them several million dollars to rectify the defects over the past decade Strata chair Andrew Murray said owners…
National Disability Insurance Scheme software provider GoodHuman has been forced into liquidation amid a court ruling that it has nearly $3 million in debts. The melbourne-based company, which sells software that simplifies administration for NDIS service providers, is believed to owe affected staff members between nine and 18 weeks of unpaid wages and up to…
More than a dozen independent breweries have been pushed to the brink of insolvency in the past 12 months. Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to your saved list and come back to them anytime.…
An Australian company has collapsed leaving a trail of creditors owed more than $900,000, including up to 20 customers who had paid deposits but never had the work done. melbourne (Wholesale) Roller Shutters went into liquidation in March with 41 unsecured credits left out of pocket by $908,000, according to an initial report from liquidators…
By BRETT LACKEY FOR DAILY MAIL AUSTRALIA Published: 15:04 AEDT, 7 February 2024 | Updated: 19:51 AEDT, 7 February 2024 A popular
A popular brewery is going into liquidation and shutting down forever after it couldn’t scrape its way out of a financial black hole. Overnight, Victorian-based Deeds Brewing announced to its 23,000 followers that the venue had made the “difficult decision” to wind up the business after failing to find a buyer. The “proudly independent” and…
Calypso Destinations fell over with $2.3 million in unsecured creditors including Tyler himself, who is listed as claiming $924,000 in “loans to the company” that he made. The liquidator’s report said Tyler may have a defence against insolvent trading claims because of advances made to the company that were under continuing investigation. Tyler declined to…
The owner of a once-popular restaurant in melbourne says that business is so bad across the industry that he is considering throwing in the towel for good. “I’m deciding in the next 48 hours if I liquidate,” the restaurateur, James*, who wished to remain anonymous so as not to impede the possible sale of his…
A sydney building firm has become the latest to join a long list of failed construction companies. Grover Constructions, a small residential builder in the Sydney metropolitan area, went into voluntary liquidation in September. Last week, a new liquidator was appointed, at the request of the firm’s largest creditor. The new appointee, Bradd Morelli of…
An Australian manufacturer, with sites in the US and Malaysia, has collapsed owing a staggering $29 million. The 60-year-old company, called Camatic Pty Ltd and trading as Camatic Seating, designed, manufactured and installed seating in stadiums, arenas, cinemas, theatres, educational institutions and transit areas around the world. On its website, the firm boasted it had…