A major Australian food and cooking supplies operator has gone into voluntary administration after almost four decades in business. The Essential Ingredient sells speciality ingredients, professional cookware, kitchen equipment, culinary books and more. It has been featured in Gourmet Traveller, Good Food, Broadsheet, The Australian Women’s Weekly, Country Style and on MasterChef. Know the news…
Australian regional carrier Rex Airlines announced that it has entered voluntary administration just weeks after its former chairman pushed to eject the company’s entire board after being voted out of his role. The announcement was made on July 30, 2024 by accounting and consulting firm Ernst and Young Australia, which was appointed Joint and Several…
Virgin Australia will honour the bookings of Rex passengers after the country’s third largest regional airline collapsed. Regional Express Holdings Limited went into voluntary administration on Tuesday evening, with the airline’s domestic fleet of Boeing 737 services now grounded. While flights between regional locations remain unaffected, flights between major domestic airports have been cancelled. Virgin…
Australian battery manufacturer Redflow has entered voluntary administration after failing to secure capital to upscale its X10 battery for larger projects. August 23, 2024 Ev Foley From pv magazine Australia Redflow, a brisbane-based zinc-bromine flow battery producer, has entered into voluntary administration after failing to secure capital to scale up its X10 battery to target…
High profile drone maker Swoop Aero has entered voluntary administration, one of its founders, Eric Peck announced today. The administrators are BPS Reconstruction and Recovery in melbourne, and were appointed on October 14, for Swoop Aero associate company Kookaburra Aerospace as well. “This was a strategic decision made by our board to protect the long-term interests…
A $21m hearing healthcare company has gone bust, blaming a fallout with a key supplier for its woes. ASX-listed Nuheara Limited, which specialises in a wireless earbud that allows customers to augment their hearing, announced its move into voluntary administration late on Wednesday afternoon, appointing KPMG administrators to take control of the firm. “The decision…
When Rex expanded its operations into the Golden Triangle routes between sydney, melbourne and brisbane, it knew it was an ambitious plan. But if the risk paid off, the financial windfall would be considerable. The Sydney-Melbourne route is one of the most lucrative in the world and delivers our two biggest airlines, Qantas and Virgin,…
The Carlton Club, on Bourke Street in the CBD, and the Windsor Castle, an iconic spot with a lime green exterior and pink elephants on the roof, entered voluntary administration on November 27. “The past few years have been incredibly challenging as we navigate the ongoing impacts of the Covid-19 pandemic on both the Windsor…
brisbane-headquartered battery manufacturer Redflow has entered voluntary administration after failing to secure the capital needed to upscale its X10 battery for larger MWh projects. August 23, 2024 Ev Foley Brisbane-headquartered zinc-bromine flow battery producer Redflow has entered into voluntary administration after it was unable to attract capital to scale up its X10 battery to target…
An Australian building giant behind some of the nation’s biggest developments, including a 41-residential tower on Chevron Island on Queensland’s gold coast, has entered voluntary administration. Bensons Property Group Pty (BPG) announced yesterday that it had made the “difficult decision” to appoint Craig Shepard and Sebastian Ham of Korda Mentha as voluntary administrators. The company…