Cubitt’s Granny Flats and Home Extensions has entered voluntary administration. The building company, which had been operating for 30 years in NSW and the ACT, announced on Tuesday they had made the ‘devastating decision’. It is believed Cubitt’s has collapsed due to the tough economic climate and is urgently seeking a new buyer. Earlier on…
Seven iconic venues along Hobart’s waterfront and suburbs suddenly shut after the owners entered voluntary administration. Administrators Apex Advisory will try to find a new owner for seven venues owned by Pub Banc Group and Hotel Banc Group across Hobart. The group employs more than 80 people at some of the city’s most well known…
Australian stationery chain Kikki K has gone into receivership, putting the future of 450 employees in doubt. The company, which has a huge following for its pretty diaries, notebooks, pens and planners (there’s even a “Kikki K Addicts Australia” Facebook page), cites the tough retail environment as the reason for the voluntary administration. A spokesperson…
sydney’s Carriageworks has announced that it is being placed into voluntary administration as the COVID-19 crisis claims its largest arts scalp to date. It is an ominous sign for the arts industry, which is reeling under the impact of the coronavirus pandemic. Despite repeated calls from arts leaders for more support from the Federal Government…
Due to tough retail climate. After 28 years of operation, Western Australian retailer Kambo’s placed itself into voluntary administration on 8 June, 2018. Cameron Shaw from Hall Chadwick was appointed as Voluntary Administrator. A statement provided to Appliance Retailer by Peter Kambouris, explained the reasons behind the failure of the business. “It is with great disappointment that…