The company formerly behind The brisbane Hotel has been placed into administration, leaving in its wake debts worth hundreds of thousands of dollars. Prominent hospitality operator Geoff Hayward cited high rents and a soft economy for entertainment venues on the Brisbane’s trading losses for Capital Management over the past two years. Poor trading for the…
MATISSE, the beach club which tried to add some glamour to Scarborough, has gone into voluntary administration. The beachfront venue’s sole director, Sean Reid, called in administrators Rob Kirman and Rob Brauer from restructuring and insolvency firm McGrathNicol’s local office on Friday. Camera IconMatisse Beach Club in Scarborough posted on Instagram by user: @jorjamei Credit:…
In a desperate bid for survival amid crippling debt, the melbourne Rebels have entered voluntary administration, according to the sydney Morning Herald. It is believed the Super Rugby club owe in the region of $9 million and have brought in Wexted Advisors to try and alleviate their insolvency problems. Related: Fundraiser started for World Cup-winning…
THE company formerly behind The brisbane Hotel has been placed under voluntary administration, leaving in its wake debts worth hundreds of thousands of dollars. Prominent hospitality operator Geoff Hayward cited high rents and a soft economy for entertainment venues on the Brisbane’s trading losses for Capital Management over the past two years. Poor trading for…
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…