Logan City Council has axed its latest development application assistance software following the developer’s voluntary administration. gold coast-based Urpla was awarded a council contract worth $206,363.64 on 30 June last year to help improve council’s development application process. But on Wednesday 23 May, Urpla went into voluntary administration. In an email sent to council staff…
Godfreys’ CollapseAfter nearly a century in operation, Godfreys Group, the large vacuum retailer, went into administration in late January 2024.PwC, acting as administrators in Australia and New Zealand, faced the task of keeping the brand afloat while closing numerous stores and laying off many employees. PwC cited three primary reasons for Godfreys’ financial distress:Lower consumer…
A perth building company and its former director have been hit with significant fines after a fall at one of their sites left a worker with life-changing injuries. Terry Dunn was working as a carpenter on CASM Construction’s site at Woottating, 65 kilometres east of Perth, on December 14, 2021 when he fell head-first 2.2…
Australian construction-industry insolvencies surged nearly 21 per cent last financial year to a new high, reflecting what the corporate regulator said was a greater use of insolvency appointments by small businesses restructuring debts in a way that would let them keep trading. Figures published by the Australian Securities and Investments Commission on Monday showed economy-wide…
Australia’s diamond industry faces an unlikely future as the company behind one of the few remaining projects in the country announces it has gone into voluntary administration. The company that owns the Merlin diamond mine in the Northern Territory on Friday said administrators were now in control of operations. In 2021, the ASX-listed Lucapa Diamond…
Up 200 people have been sacked as a Brisbane-based transport and logistics company has brought in voluntary administrators after 35 years in business. XL Express appointed FTI Consulting to conduct an “urgent assessment” of the company’s viability on Friday. SkyNews.com.au understands the vast majority of XL Express’ 200 employees were stood down prior to FTI…
Tech company in administration PREDICTIVE intelligence software producer Veriluma — which has a tech hub at Robina — has been placed into voluntary administration.The company, which listed last year via the reverse takeover of mining junior Parmelia Resources, released a statement to the ASX saying Jamieson Louttit, of Jamieson Louttit, has been appointed administrator. Continue…
A Victorian builder of almost 50 years has entered liquidation, owing creditors more than $10 million. Family-owned Langford Jones Homes, which builds homes in melbourne’s bayside, southeast and Phillip Island, ceased trading last Thursday. There are about 65 building developments at various stages of completion, with more than 250 creditors owed more than $10 million,…
After months of rumours and grumbling from unpaid suppliers, pioneering melbourne digital print business On Demand has collapsed and is in liquidation – but not before ‘licencing’ its name and kit to a company with Con Maniatis, one of On Demand’s managers, as its director. ProPrint points out that On Demand has no connection whatsoever…