Fashion retailer, American Apparel set to close their Australian stores The clothing manufacturer went into voluntary administration Up to 100 employees are set to lose their jobs after stock is cleared The retailer’s UK and Irish businesses have also gone into liquidation By Martha Azzi For Daily Mail Australia Published: 14:36 +11:00, 10 November 2016…
ROSS GIBLIN/ FAIRFAX NZ Clementine West worked at CallActive when the Wellington base was officially opened by Prime Minister John Key in 2013. A failed Wellington call centre has been put into liquidation, following the collapse of its Australian arm. About 60 CallActive workers based at the Willeston St office in Wellington were made redundant just weeks…
Brisbane connectivity and industrial networking provider Ethernet Australia has entered voluntary liquidation, with debts totalling close to $3 million. The company ceased trading after key supply contracts with customers were terminated without warning, and appointed liquidator David Clout and Associates on 28 October, with a creditors meeting taking place on Tuesday 8 November. As part of…
This article appeared first on The Stock Market Blueprint Blog. In this edition of Watchlist Wednesday, we highlight five of the top stocks qualifying for the Net-Net Working Capital (NNWC) screen. NNWC is similar to the NCAV screen except it is more stringent. Graham knew that companies undergoing liquidation would not necessarily sell all current assets at book value.…
The Coolamon community has rallied behind its embattled sport and recreation club, pitching in $16,000 to keep it afloat. On Tuesday The Daily Advertiser revealed the club was on the edge of falling into voluntary administration, after board members were told more than $360,000 was owed to creditors and police were investigating missing funds from the clubs Keno facilities.…
The Coolamon community has rallied behind its embattled sport and recreation club, pitching in $16,000 to keep it afloat. On Tuesday The Daily Advertiser revealed the club was on the edge of falling into voluntary administration, after board members were told more than $360,000 was owed to creditors and police were investigating missing funds from the clubs Keno facilities.…
McDowells Business Reporter McDowells International (Pvt) Limiteds provisional liquidator Winsley Militala is pushing for the companys final liquidation as it has no prospects of becoming a successful concern after losing its money lending licence to the Reserve Bank of Zimbabwe.The company is currently under provisional liquidation after its money lending licence was cancelled by the…
The owner of a rogue tyre recycling business has been accused of failing to pay his suppliers hundreds of thousands of dollars and of deliberately liquidating debt-ridden companies to escape creditors, as the Queensland Government looks at ways to shut down the business. Tony Di Carlo’s Tyremil group of companies remain under investigation by…
Published: 7 Nov 2016, 09:45 By: The saga of The Solar Cloth Company (TSCC) has taken a further twist after Base Structures, the company which acquired the failed installers assets, filed for liquidation itself. Crowdcube-funded TSCC entered administration in June this year, however various parties immediately stepped forward and expressed an interest in acquiring its…
The receivers for struggling children’s clothing chain Pumpkin Patch are continuing to look for a buyer for the business after announcing a bunch of store shutdowns and job cuts last week. KordaMentha, the receiver for the ailing retailer, had said late last month it had received interest in the business from a few parties. Joseph…