SME owner opens up after personal training business enters liquidation: “For the first time ever I raised the white flag”

Liquidation

A small business owner has opened up about the difficulties of managing cashflow in a growing business, after his personal training company Rapid Personal Training entered liquidation yesterday. Insolvency firm Hogan and Sprowles has been appointed to manage the liquidation of Rapid PT, which employs three full-time staff and 17 contractors, and has seven locations spread across sydney and…

Brett Lee’s Sydney Beer Co saved from liquidation after creditors accept lifeline following months in administration

Liquidation

Former Australian fast bowler Brett Lee’s collapsed beer company has been thrown a lifeline after creditors backed a rescue deal. sydney Beer Co collapsed in March this year after failing to successfully trade, according to documents filed to the Australian Securities and Investments Commission. Being founded in 2016, the lager was distributed to 350 venues…

Jenny Craig’s Australian and New Zealand operations enter voluntary administration | Australia news

Voluntary Administration

Weight loss giant Jenny Craig’s Australian and New Zealand operations have gone into voluntary administration. The melbourne-founded business last week filed for bankruptcy in the US, closing its North American corporate offices and stopping operations. A representative at the time said the decision would not affect local services but FTI Consulting was appointed to lead…