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,…
The companies behind two Oporto locations in
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…
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…
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,…
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…
The firm responsible for security at a major Victorian hotspot hotel has gone into liquidation as it faces a lawsuit alleging the state’s second wave was its fault. Unified Security is the lead defendant in a class action suing it for damages for allegedly allowing Covid-19 to get into the community. But the Supreme Court…
Another melbourne building company has collapsed, leaving homeowners in limbo and suppliers owed millions. Alpha Building Group Pty Ltd went into liquidation late last week with insolvency firm Rogers Reidy telling News.com.au the company owed $3.5 million to more than 100 creditors. Of this, the company reportedly owes $2.5 million to suppliers of materials and…
The boss of a collapsed building company may have transferred $2.5 million to its boss as a “director’s loan” in the months before the business went bust, according to the liquidator left to wade through the mess. That figure is more than the total money owed to creditors. Victorian construction firm Area Projects Pty Ltd…
Hundreds of staff have learned that they are now unemployed after receiving a brutal text message about their termination. On Tuesday, 400 workers at a Western Australian company called Advanced Traffic Management (WA) Pty Ltd, which provides workers and equipment for major road work projects, got a text informing them the business was in liquidation.…