Developers of six major Queensland projects left in limbo after builder GCB Constructions collapsed into voluntary administration have taken back their work sites. Construction contracts for the developments dotting the state’s south-east corner from the gold coast to the Sunshine Coast have been terminated. They include multi-million-dollar expansions at Ramsay Health’s Sunshine Coast University Private…
The debt-riddled melbourne Rebels will play out the 2024 Super Rugby Pacific season but there is no long-term commitment to the club which entered voluntary administration on Monday night. Rugby Australia confirmed it was committed to getting the Rebels, who have debts of around $9 million and needed a $500,000 bailout to pay players and…
The perth-based Forge Group has gone into voluntary administration as the company tries to secure its future. Shares in the embattled engineering company were placed into a trading halt earlier today after financial backers, the ANZ group, withdrew its support. ANZ has told the ABC that it worked hard in recent months to support Forge…
gold coast-based construction giant Condev has been forced to appoint a liquidator as market and material costs threaten the company’s bottom line. The Queensland firm called a last-bid meeting on Monday with developers from around the country in a bid to raise cash for ongoing operations. The meeting did not provide the solution – thought…
The chairman of the melbourne Rebels, Paul Docherty, has stepped down from the embattled Super Rugby club, with Rugby Australia forced to step in and take over the running of the franchise after it fell into administration. Rugby Australia confirmed on Tuesday that the rugby union club had entered voluntary administration, one month after The…
After more than 30 years, the perth Theatre Company has gone into voluntary administration. The theatre said the company’s business and financial model was un-sustainable in the current economic environment. Company chairman Dr Saliba Sassine said the theatre had not been successful in finding a solution to its financial problems and had now decided to…
The brisbane Irish Club has been placed into voluntary administration and three directors have resigned amid ongoing financial difficulties. In a memorandum published on the Queensland Irish Association’s website, company secretary Paul Hogan wrote that the new board, appointed in November 2014, had been attempting to monitor the QIA’s financial position. The Brisbane Irish Club…
Gourmet grocer and online food retailer The Essential Ingredient has collapsed into administration. The food supplier, which has been in operation for 38 years, entered voluntary administration on Thursday and PricewaterhouseCoopers (PwC) has been brought in to oversee the company. The Essential Ingredient will continue to trade business while it undertakes a sale process. Gourmet…
THE company behind Subiaco night spot Purl Bar has gone into voluntary administration. It comes three years after owners Bert Mondello and Damien Wilson took over the bar, with hopes to “bring a bit of Mount Lawley flavour to Subiaco”. It was their first foray into hospitality. Confidential understands the duo closed the doors after…
Nourish Food, the melbourne-based kids snack food company behind the Whole Kids brand, is urgently seeking a buyer and appointed voluntary administrators after a deal with a “major strategic partner” fell through. Monica and James Meldrum founded Whole Kids in 2005 after seeing a gap in the market for organic, plant-based and additive-free snacks for…