THE administrator of Linc Energy would like to strike a deal which would let the stricken firm stay afloat. PPB Advisory’s Grant Sparks said that he hopes a deed of company arrangement can be approved by creditors next month. Creditors held the their first meeting in brisbane today, where they learned that Sparks has advertised…
The Star hospitality operations in Queensland and NSW – including its hotel, restaurant and bars tenants – face an uncertain future if casino operator enters voluntary administration or has its administration enforced over poor financial results. “All bets are off,” said one hospitality operator insider if its landlord, The Star sydney, goes under. “It’s not…
A glamorous couple flaunted their lavish lifestyle before their building firm suddenly collapsed with some contractors claiming they are still owed money. Cynthia Lu and Yusuf Khan’s perth-based company Modco Residential announced it had entered voluntary administration on Monday. The organisation was launched in 2020 with an exclusive VIP party that was attended by Perth‘s…
A dispute between two of Australia’s best-known property companies has boiled over into public after builder Grocon put two subsidiaries into voluntary administration in the middle of a court battle with Dexus over a $28 million lease claim against it by the country’s largest office landlord. Grocon executive chairman Daniel Grollo on Friday called the…
perth restaurateur Scott Taylor’s company owes at least $3.5 million to creditors. Mr Taylor and his sister Angie Lee Taylor are co-directors of Element WA, the company which ran The Trustee, Beaufort Local and Enrique’s School for Bullfighting. Element WA was placed in voluntary administration on October 30. Just weeks later, the brother and sister…
The operator of brisbane‘s AirportlinkM7 toll road has gone into receivership, after failing to reach a restructuring agreement with its lenders. BrisConnections today went into voluntary administration, with the company appointing McGrath Nicol as the administrators. The move followed an announcement in November last year that the company’s board felt the enterprise value of BrisConnections…
Bensons Property Group called in administrators on the day a fund managed by Macquarie Private Bank’s former head Guy Hedley tipped the developer with a near $1.5-billion pipeline into receivership. The melbourne developer – which has total debts of about $812 million according to documents filed to the corporate regulator – went into voluntary administration…
“Together with power in numbers we have decided the only option is to show the company who have decided to not pay its staff and suppliers are not getting away with taking advantage of us. “I would like to thank all our supporters and suppliers and most of all all the loyal staff… you guys…
Victoria-based digital print, signage and display solutions company Signex Group and its wide format print subsidiary Prologica Digital Print have filed for voluntary administration. Signex co-owner Doug Pieper told Sprinter that the company filing for voluntary administration is a result of the sports signage supplier losing more than $1 million in signage work this year…
“I don’t take that lightly because it’s very proud for me to see younger Victorians coming through the pathways, and there are guys of 19 and 20 that are coming through now who are just like me when I came in. “It’s awesome to be able to see younger players keep coming through, there are…