Newnham Trucking in brisbane has gone into voluntary administration. A Brisbane trucking company has collapsed into voluntary administration after 23 years of operation. ASIC records show Newnham Trucking, based near Logan in Brisbane’s south, entered voluntary administration this week after it stopped trading in June. The Courier Mail reported the company owed about $1m in…
A FIRE which gutted a $54 million Australian Navy patrol boat has been blamed for the demise of a brisbane-based boat manufacturing and servicing company. Aluminium Boats Australia today announced it had been placed into voluntary administration after the HMAS Bundaberg was destroyed while undergoing maintenance at its Hemmant shipyard in August. The company lost…
A brisbane trucking company has collapsed into voluntary administration after 23 years of operation. ASIC records show Newnham Trucking, based near Logan in Brisbane’s south, entered voluntary administration this week after it stopped trading in June. The Courier Mail reported the company owed about $1m in debts. A creditors’ meeting has been scheduled for next…
The meeting was told an investigation was ongoing into whether the business had traded while insolvent – meaning the business continued operating despite being unable to pay its debts. If proven, Kellock could be personally liable for some of the unpaid debts. Loading “[Which means] the parties could pursue them [the directors], and if they…