One of Australia’s biggest chicken suppliers has been placed into voluntary administration with hundreds of jobs likely to be lost. Red Lea Chickens was on March 29 placed into voluntary administration, with the company saying on its website its financial position means there’s “no alternative” but to wind-down operations. The message on Red Lea Chickens’…
Immediately after the vote, KPMG signed a deed of company arrangement and control of operations was returned to the Carriageworks’ board of directors headed by chair Cass O’Connor. The result ends a push within government for the sydney Opera House to take over operations of the Eveleigh Railway Yards venue. Kerr Neilson led the philanthropic…
The company, which builds commercial, education, hospitals, courts, housing, and industrial buildings, operates in NSW, Queensland and the ACT. It posted $1.3 billion in revenue in the 2022 financial year, down from $1.58 billion in the year-earlier period. The group’s accounts released to the Australian Securities and Investments Commission to June 30, 2022 showed it…
The news Normal text sizeLarger text sizeVery large text size Designer label Dion Lee will exit the Australian fashion scene after the troubled company failed to find a buyer. At a creditors’ meeting on Thursday, administrator Antony Resnick, of dVT Group, recommended the 15-year-old company be wound up after a buyer failed to emerge from…
In short: Major building company St Hilliers has called in voluntary administrators. Work has been paused work at 21 construction sites while administrators undertake an assessment of its finances and operations. What’s next? The first meeting of creditors is expected to be held within the next two weeks Major construction company St Hilliers has been placed into voluntary…
sydney’s Akasha Brewing Company has become the latest craft brewer to enter into voluntary administration, with the directors appointing Henry McKenna of Vincents as administrator on Wednesday. The directors of Akasha have made the decision to enter administration to deal with financial losses due to declining consumer demand amid a climate of rising production costs…
Around 180 Australian jobs are at risk as a popular sydney restaurant chain goes into administration. Elements Dining Group manages four Elements Bar & Grill restaurants in Sydney’s Pyrmont, Wooloomooloo, Darlinghurst and Haberfield, along with Elements Seafood Grillhouse in Walsh Bay. All five of the popular restaurants have gone into voluntary administration, with John McInerney…
Designer label Dion Lee has appointed voluntary administrators in the latest high-profile business to come under pressure amid difficult economic conditions. The fashion house, which has six stores in Australia and one in the US, is now under the control of insolvency firm dVT Group administrator Antony Resnick, who will continue running the business as…
Pascoe Vale’s RSL club has gone bust, with administrators called in to work out a rescue plan, and there are fears five more clubs across melbourne could follow. Liberal Senator Alex Antic discusses an appeal from RSL Victoria of $840,000 for ANZAC Day celebrations. “The answer to that is because this government is horribly out…
Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration. Key points: brisbane-based cryptocurrency broker Digital Surge has gone into voluntary administration The company is proposing a “rescue plan” but this would need to be approved by its 30,000 creditors…