By Violet Li Affected families by the collapse of the Victorian builder Montego Homes are reeling from losing their deposits and their dream houses in the Casey South region. South melbourne builder Montego Homes went into voluntary administration in January, with Sam Kaso and Shaun Matthews of insolvency service Cor Cordis appointed as administrators to…
Transit Clothing has gone into voluntary administration, with four stores shutting down in WA. Mandurah, Dunsborough and perth DFO branches will close immediately, followed by the Clarkson outlet on Saturday. All staff members affected by the closures will be made redundant from the retailer, known for selling casual clothing, shoes and accessories. The remaining stores…
Wayward Brewing is in administration with $2 million of debt and its founder has warned it’s unlikely to be the last craft brewer to hit financial trouble. Peter Philip, who founded the Wayward brand in 2012, put the business into voluntary administration on January 2. It owes around $2 million in debts to trade creditors,…
perth inner city live music venue The brisbane Hotel has in new hands after the previous owner went into voluntary administration. Family-run hospitality and tourism operator The Prendiville Group has taken over. Its venues include the Cottesloe Beach Hotel, Hotel Rottnest, Tradewinds and the Norfolk in Fremantle as well as Sandalford Wines in the Swan…
KPMG has been appointed as the administrator to the ‘luxury’ aged care provider, which has two facilities in inner-perth – one in Subiaco (pictured) and the other in Como. As we reported here in July 2017, Berrington’s new $60M luxury facility in Como (7km from the CBD), has a maximum RAD of $895,000 for a…
Award-winning publican Geoff Hayward has put his company Capital Management into voluntary liquidation as he exits the pub game. Hayward bought the brisbane Hotel 15 years’ ago with investor partners, executing a big-budget transformation of the tired pub and positioning it to become a hub of perth’s burgeoning dining scene, the portfolio coming to include…
Jeanswest’s Australia arm is the latest retailer to enter voluntary administration. The casual and maternity clothing company, founded by
In October perth Fashion Festival offered creditors 25 cents in the dollar or full repayment over six years. Creditors were told if they did not accept the arrangement, they would receive nothing because the company would go into liquidation. Perth Fashion Festival was managed by Perth Fashion Festival Pty Ltd for 20 years until it…
brisbane’s food and drink scene was rocked late last week by the closure of Mercado. The gourmet retailer had barely lasted six months after opening in November with designs on being Brisbane’s 1500 square metre answer to Harrods Food Hall in London and Italy’s Eataly. A sign in the window of the King Street retailer…
Cubitt’s Granny Flats and Home Extensions, an affordable housing company that has been operating in NSW and ACT for the past 30 years, has been placed into voluntary administration with debts of about $3.8 million. Directors of the family-owned company have appointed Richard Stone and Brett Lord from RSM Australia Partners as administrators following an ‘emotional’ meeting…