Category Archives: Liquidation

Ultimate Kitchens & Bathrooms collapses owing $4.6 million; CreditorWatch says more insolvencies to come

Australia’s toll of failed construction industry businesses will climb further, data company CreditorWatch warned on Wednesday after a high-end home renovations business went into liquidation leaving 95 customers stranded, some without insurance policies the director was required to arrange before accepting money. Ultimate Kitchens & Bathrooms went into liquidation owing unsecured creditors more than $4.6…

Sydney Fish Market faces insolvency amid billion-dollar Pyrmont development

“We have no reason to believe this will change in the foreseeable future,” the statement said. “It is taking longer than anticipated to finalise our financial results due to extenuating circumstances related to the once-in-a-generation transition to the new sydney Fish Market. We are finalising the accounts with the appropriate level of due diligence, and…

Sydney Fish Market rejects claim it faces financial collapse

The largest fish market in the southern hemisphere has hit back at claims it is close to financial collapse. The sydney Fish Market (SFM), responding to reports it was confronting an $8m loss for 2023-24 and had allegedly brought in insolvency experts, stated bluntly it remained a viable business. “Sydney Fish Market refutes claims that…

Murder sign company liquidated in 2014

South-west sydney sign maker Inline National Signage, which was the scene of a deadly siege that killed one customer and injured two more, was declared insolvent last year with an alleged list of unpaid creditors. ProPrint understands Inline went into liquidation in early 2014 and was then bought out by current owner Chantelle Strnad. A…

Rich Lister Tony Deny backed companies in liquidation over defects dispute

Rich Lister Tony Denny says demands that his business pay “eight-figure sums” to fix “unsubstantiated defects” in an apartment building on the NSW Central Coast were the reasons behind the decision to put two companies associated with the project into liquidation. Central Construct, the building company that completed Vue – a development of 54 apartments,…

Oporto in Newtown and Darling Harbour in Sydney collapse into liquidation

The companies behind two Oporto locations in

Star Entertainment has burned through $107 million in three months. What’s next if insolvency strikes?

It’s a sweaty brisbane Monday and Please Don’t Go by KC and the Sunshine Band is playing in the largely empty gaming floor of the Queen’s Wharf Casino. The sappy muzak chorus — “I’m begging you to stay” — is ironically symbolic of the problems befalling the casino’s manager, The Star Entertainment Group. Not enough…

Lisa Ho Designs enters liquidation as flagship Sydney and…

Melinda OliverJuly 10, 2013 As Lisa Ho Designs enters liquidation, it has emerged from its administrator that designer Lisa Ho has bought the intellectual property rights to the brand name. Lisa Ho Designs entered liquidation yesterday as a result of a creditors meeting, and final entities will be wound up in the next two weeks. Administrators…

Melbourne freight operation winds up, liquidator now appointed

ARVA Transport and Logistics director Gus Arief. Image: ARVA Freight Arva Investments, trading as Melbourne-based ARVA Transport and Logistics and ARVA Freight, has gone into liquidation with its creditors facing an uncertain future. According to an ASIC notice published this week, at a general meeting of the company members on Wednesday, February 25,…

Bike-sharing company oBike’s Australian future uncertain after overseas liquidation

The future of oBike in Australia is uncertain after the bike-sharing company went into liquidation in Singapore and pulled out of operations in melbourne. The company, which allows users to hire bikes through an app, cited government regulations behind its decision to pull out of the two cities. However it remains unclear whether the Australian…