Popular Australian homewares brand collapses after 15 years
A popular Australian homewares brand based in
Fenton & fenton collapse: Melbourne homewares company collapses in liquidation
Fenton & Fenton, a much-loved Australian homewares boutique that garnered a massive following over the years, has collapsed. The once-thriving business in the trendy suburb of Prahran in melbourne’s inner southeast has been placed under external administration. The merchant’s website, now defunct, features a brief statement announcing the liquidation: “Fenton & Fenton Pty Ltd (In…
Melbourne home builder Delco goes into liquidation
melbourne home builder Delco Building Group has gone into voluntary liquidation owing unsecured trade creditors $780,000 after director Marc Milner decided the company could not complete the five jobs it had on the go without incurring further losses. Delco, which started in 2017 and focused on standalone, high-end dwellings, owed the Australian Taxation Office $180,000,…
Melbourne company The Beer & Burger Bar collapses, goes into liquidation owing $500k
A popular bar and burger joint in melbourne’s inner city has had to shut down as post-Covid woes continue to bite the hospitality industry. On Thursday, The Beer & Burger Bar Pty Ltd, based in Cremorne three kilometres from the city’s CBD, went into liquidation. Mathew Gollant of insolvency firm CJG Advisory was appointed as…
Melbourne Star closes down permanently, owners enter liquidation
The melbourne Star Observation Wheel has often been derided as a poor imposter of the London Eye, and occasionally ridiculed for spending more time stagnant than in motion. For many, it was a symbol of the promise of Docklands that was never delivered. However, now Melbourne faces the far-worse prospect of a permanently-stagnant wheel by…
Gold Coast couple’s Australian 4WD Hire company systematically lied to customers, Federal Court rules
A Russian-born businessman and his wife based on Queensland’s gold coast have been told they face jail unless they repay tourists they “ripped off” through their outback car rental company, Australian 4WD Hire. Key points: Former company controllers Vitali Roesch and Maryna Kosukhina have 21 days to repay customers They are liable to imprisonment or other…
Before Richard Ludwig’s company went bust, he and his pre-insolvency advisers smuggled more than $740,000 out of the business
A gold coast businessman is in custody awaiting sentencing after he followed a plan to illegally strip his telecom company of money and assets before it went bust. Key points: With the advice of two pre-insolvency advisers, Richard Ludwig arranged to illegally smuggle more than $740,000 out of his company Cap Coast Telecoms before it…
Condev collapse: demolished houses abandoned, creditors go unpaid
A mum who moved into a townhouse built by collapsed Aussie construction giant Condev has described the horror living conditions inside the home, adding she wasn’t surprised the company had gone under. Monique Cribb said the family moved into the rental in June 2020, but by Easter the next year leaks had sprung in the…
Construction industry warning: Up to half of builders trading insolvent
A stark warning has been issued that half of Australia’s building companies are on the brink of collapse, and it could see thousands of people’s homes impacted in the coming months, according to an industry insider. Two major Australian construction companies including gold coast-based Condev and industry giant Probuild have already gone into liquidation this…
Pivotal Homes put into liquidation, says operations unviable amid building industry pressures
gold coast construction company Pivotal Homes, which has built more than 1,500 homes during its 15 years of operation, has been placed into liquidation. Key points: Pivotal Homes was placed into liquidation on Thursday afternoon Its director says rising costs have made operations unviable The company employees 16 staff on the Gold Coast “Unfortunately, the rising costs which…