Collapsed wave energy hopeful Carnegie Clean Energy had just over $3,000 cash in the bank when it called in the administrators last month. Key points: Carnegie went into administration in March after a cancelled wave energy contract The highest bid received for its solar microgrid company was $200,000 Administrators said the company could be salvaged…
Greenwich Build has gone into voluntary administration, leaving the Wakaden Street project stalled. Photo: Oliver Jacques. The sydney-based builder of an affordable housing development on Griffith’s Wakaden Street has gone into administration, leaving some local contractors unpaid for work already done. Not-for-Profit Argyle Housing was donated land by Griffith City Council to construct four two-storey,…
Property owners say they feel betrayed and have lost thousands of dollars after Victorian building company Watersun Homes was placed into voluntary administration. Rodgers Reidy in melbourne was appointed as administrator for Watersun Homes on Tuesday and said the company did not have the funds to continue trading. The insolvency firm said 90 full-time staff…
Australia’s largest glass maker, Oceania Glass, has collapsed following mounting losses and a failed bid to compete with cheap imports from China. Grant Thornton has been appointed as administrator of the company. A 169-year-old glass manufacturer, Oceania Glass plays a key role in Australia’s glass supply industry. The company specialises in float glass, coated glass…
Translated by Nazia BIBI KEENOO Published February 27, 2025 Intersport Spain has filed for voluntary administration in a Barcelona commercial court, aiming to sustain operations and secure its future, the company announced in a statement. The sporting goods retailer previously raised €8 million in a capital increase last October. Intersport’s store at Oasiz Madrid. –…
Women’s fashion retailer, Meredith & Moore has been placed in voluntary administration but continues to trade. The melbourne-based apparel company, which operates an online store, 16 retail stores and three outlet stores across Australia and New Zealand, has collapsed into voluntary administration and according to the PBB Advisory website, Daniel Walley, Alan Walker and Nicholas…
The Australian master franchisee for multinational discount retailer Miniso has collapsed into voluntary administration after the COVID-19 pandemic saw sales tank in recent weeks. Miniso Master Franchisee Pty Ltd, the main revenue generating entity associated with Miniso’s business in Australia, appointed administrators from Grant Thornton earlier this week, owing an estimated $14.6 million to creditors.…
The company behind famous retail brands Australian Geographic and the Co-op bookshop has entered voluntary administration owing more than $15 million to toy sellers and publishers. The administrators, PwC’s Phil Carter, Andrew Scott and Daniel Walley, confirmed they were investigating payments made to a major supplier, controlled by Co-op chief executive Thorsten Wichtendahl, which received…
Some excellent news for your Golden Goose collection comes today with an announcement from Tuchuzy, one of sydney’s longest running and most iconic fashion retailers. A spokesperson for the company has stated that the Bondi institute has “regained control” and has come out of voluntary administration thanks to the “support and willingness to shop local…
A melbourne-based manufacturer of antipasto food products is for sale, after the business collapsed into voluntary administration on Wednesday. Pronto e Fresco Pty Ltd has been operating for more than 15 years and is based in the Melbourne suburb of Broadmeadows. The business supplies antipasto products such as semi-dried tomatoes, olives and grilled vegetables to…