There has been one company liquidation notice in the Cairns Local Government Area today and 27 for the past year. News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state. Here’s the list for Cairns, listed by postcode in date order: 4860 Synick Pty Ltd,…
Former NSW premier Dominic Perrottet and Arts Minister Don Harwin at the Art Gallery of NSW in 2021. Picture: Jonathan Ng Speculation is mounting that NSW builder Richard Crookes Constructions is facing further financial pressure, and there is talk in the market it has recently sought advice about options surrounding insolvency. The company counts Deloitte…
Insolvency reforms commence on 1 January 2021 Reforms to corporate insolvency laws commence on 1 January 2021 for companies with liabilities less than $1 million. These reforms include: -a new debt restructuring process for incorporated businesses -a new, simplified liquidation pathway for small businesses, and -a new class of registered liquidator who can only undertake…
Source: Facebook One of Australias oldest chocolate brands has entered voluntary administration for a second time, with the rising cost of raw materials and shipping squeezing its margins. Ernest Hillier Chocolates was founded by English migrant Ernest Hillier in Sydney in 1914 and is thought to be Australias first chocolate manufacturer. Its Hilliers and Newmans…
Ernest Hillier, the iconic Australian chocolate brand that claims to be the country’s “longest continuously operating confectioner”, has collapsed. The Victorian-based company went into voluntary administration, attributing the decision to the rising cost of both raw materials and shipping. Twenty staff have been stood down as a result. Australian chocolate brand Ernest Hillier has gone…
One of Australias oldest chocolate brands, Ernest Hillier Chocolates, has gone into voluntary administration. Its parent, Chocolate & Confectionery Company, said rising raw materials and shipping costs had significantly impacted margins. Alan Walker and Glenn Livingstone from WLP Restructuring Partners have been appointed as the administrators and are seeking urgent expressions of interest from parties…
Alan Walker and Glenn Livingstone have been appointed as Voluntary Administrators to Chocolate & Confectionery Company and its related entity that owns and manufactures Ernest Hillier Chocolates, one of Australias oldest chocolate brands. Following rising raw materials and shipping costs which significantly impacted the companies margins, voluntary administrators were appointed. The businesss distribution network spans…
Insolvency Law: Government Exempts Petroleum Assets from Moratorium; Aviation, Telecom May Be Next Business NewsGovernment Exempts Petroleum Assets From Moratorium; Aviation, Telecom May Be Next ADVERTISEMENT 20 Jun 2023, 6:57 PM IST 20 Jun 2023, 6:57 PM IST 20 Jun 2023, 6:57 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/business/government-exempts-petroleum-assets-from-moratorium
Eleanor Temple, chair of the UKs insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds Corporate insolvencies increased by 51.2% in May 2023 to a total of 2,552 compared to Aprils total of 1,688, and increased by 39.8% compared to May 2022s figure of 1,825. Corporate insolvencies increased…
A month-on-month surge of over 50 per cent in the number of corporate insolvencies in England and Wales highlights the toll that three years of economic turmoil is taking on local businesses, with increasing numbers of companies expected to turn to an insolvency process over coming months to help resolve their financial issues. This is…