A sydney aluminium business sacked 53 workers as it collapsed with $9.7m in debt and the company’s business tactics come under investigation. Leda Aluminium, located in Western Sydney, fell into liquidation last week after failing to find a buyer or secure a rescue deal. The company manufactures and installs aluminium windows, doors and more but…
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…
The troubled mortgage fund manager LM Investment Management Limited and its directors are facing the prospect of a flurry of lawsuits on behalf of investors after the business was placed into administration. LM, which was the subject of a Four Corners exposé earlier this month, was placed into voluntary administration last night, with the retirement…
Ruby Apartments opened in Surfers Paradise in late 2018. Real estate entrepreneur and investor, Dr Jerry Schwartz, has boosted his gold coast portfolio, picking up the city’s Paradise Resort – a former asset of the insolvent Ralan Group – for $43 million. The price paid is around $32 million less than the $75m paid by…