perth commercial builder Mercedes Construction has tumbled into liquidation after moving to wind up its operations. It comes two months after Mercedes Construction’s sole director Adrian Gagiero voluntarily appointed administrator Ross Thomson from Bankruptcy Advisory Centre. A filing with the corporate regulator reveals Mercedes Construction passed a special resolution to voluntarily wind up its operations at a…
SMB Advisory was appointed as liquidator on October 3, but met with Harrolds management in May, when it determined that a “liquidation scenario was the likely path forward”. Loading “I confirm that my investigations into the affairs of the Harrolds Group will include whether it traded whilst insolvent and whether the liquidator has a resulting…
THE failed real estate venture of Ocean Grove entrepreneur Taylor Dow owes more than $280,000 to creditors, according to ASIC documents. Documents lodged with the corporate watchdog reveal the Taylor Dow Property Group owes $29,000 to melbourne-based developer SMA Projects and $27,500 to Queensland-based Property Solutions. More than $66,600 is owed to the Australian Taxation…
Casino insiders claim The Star Entertainment Group is headed for liquidation because administrators won’t see the value in keeping it running. The Star is racing the clock to find a financial lifeline or risk liquidation and the potential loss of 8000 jobs across its sydney, brisbane and gold coast casinos. Industry insiders have told this…
Numerous entities affiliated with failed neobank Volt have entered solvent liquidation with expectations all creditors will be paid in full over the course of a wind-down process that could take another year. Founded in 20https://www.businessnewsaustralia.com/17, Volt rose to prominence as one of several challenger banks promising better customer service based on the underpinnings of advanced financial…
By STEVE WILLIAMS FOR DAILY MAIL AUSTRALIA Published: 10:58 AEDT, 24 July 2024 | Updated: 11:06 AEDT, 24 July 2024 A multi-million dollar start-up that provided its services to well-known media outlets has collapsed owing $1.3million to creditors. melbourne-based Oovvuu plunged into liquidation in May despite investors pouring $8.5million into the company since its launch…
The “ethical burger” brainchild of celebrity chef Shannon Bennett has gone into liquidation as the chain’s parent company decides to “shift priorities”. Benny Burger, which operated stores on Swan Street in Richmond and Little Collins Street in melbourne‘s CBD, will now close effective immediately. Vue Group, who owns Benny Burger and a number of Bennett…
Fenn Foods, a Sunshine Coast-based alternative meat company with products stocked in major retailers such as Woolworths (ASX: WOW) and Coles (ASX: COL), has been given a second shot at success after being acquired by rival Smart Foods almost two weeks after entering liquidation. Founded in 20http://www.businessnewsaustralia.com/15 by Michelin star chef Alejandro Cancino, Fenn Foods –…
A melbourne based building company owned by an Indian-origin builder has gone into voluntary liquidation citing financial crisis. On March 20th a liquidator was appointed for S J Builders, which operates from the northern Melbourne suburb of Bundoora. “Notice is given that at a general meeting of the members of the company held on 20…
Creditors have voted to save Hills Limited (ASX: HIL) from falling into the hands of liquidators after agreeing to a deed of company arrangement (DOCA) as administrators run their eyes over offers to buy the business as a going concern. In an announcement to the ASX today, administrators Sule Arnautovic and John Vouris of Hall Chadwick…