BuiltonCorp: WA homeowners hit as builder placed into voluntary administration

Work has stopped on about 130 residential home building sites as perth builder BuiltonCorp is placed into voluntary administration. Key points: BuiltonCorp is the latest casualty of Perth’s building downturn The company owes about $16 million to creditors and $500,000 to staff Authorities are hopeful insurance will cover homeowner losses Administrators Con Cordis have announced…

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ILH’s Perth arm goes into administration

The perth office of Rockwell Olivier, part of the embattled ILH Group, has gone into administration. The Perth office of Rockwell Olivier, part of the embattled ILH Group, has gone into administration. On January 5, advisory and investment firm KordaMentha announced to the Australian Securities Exchange that the Perth Office of Rockwell Olivier…

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Jeanswest falls into voluntary administration, 90 stores to close

The parent company of Jeanswest has entered voluntary administration, making it the latest retailer to collapse in a brutal environment for Australian fashion brands. Harbour Guidance Pty Ltd, the corporate entity behind the Jeanswest brand, on Wednesday appointed Lindsay Bainbridge, Andrew Yeo, and David Vasudevan of Pitcher Partners melbourne as joint administrators. The administration will…