Fly365, an Aussie online flight booking company, with links to collapsed budget airfare company Bestjet, has left travellers out of pocket after it entered voluntary administration on Friday. sydney-based Fly365 deactivated both its website and Facebook page last week, leaving customers who believed they had secured flight bookings with little information about how to recover…
EXCLUSIVE A popular hairstyling and make-up company with salons around
By CAITLIN POWELL FOR DAILY MAIL AUSTRALIA Published: 00:23 AEST, 18 June 2025 | Updated: 00:42 AEST, 18 June 2025 Two melbourne beauty clinics that collapsed when the owners were unable to repay $5million in debt have faced outrage from customers who paid in advance. Holding companies for the Australian Laser & Skin clinics at Mornington…
brisbane-based company HX Food Groups (Aus) Pty Ltd has gone into liquidation, and Grain Trade Australia has advised its members via a notice issued today. Grain Central understands a number of traders and service providers in southern Queensland are owed money by the company in relation to containerised sorghum exports. The company’s registered address is…
This isn’t market churn. It’s systemic failure. Freight Company Closures Are Surging Over the past two years, insolvencies across transport and freight have jumped more than 150%. ASIC data shows that the transport, postal, and warehousing sector saw 495 insolvencies in 2023–24, up from 196 in 2021–22. Victoria has been hit hard. Don Watson Transport,…
“The kids don’t understand why they can’t see their friends anymore,” said mum Catherine who was standing with her daughter Gabby in the car park of their Inspire Group childcare centre at Warriewood, that has now gone out of business. Two other mothers, Dominica and Jess, were frantic. “We can’t get our children into another…
melbourne based audio and home entertainment retailer Hollywood Cinema Store has been placed into liquidation as the specialist audio market struggles to survive in a changing market. The Victorian business which has been struggling for some after being restructured back in 2019 was operating two stores, what’s not known at this stage is the total…
A caravan manufacturing company has collapsed with debts of more than $1 million. On Tuesday, Victorian-based Highline Caravans Pty Ltd went into voluntary liquidation. The melbourne company designed and built custom caravans for customers. Highline Caravans has been a registered business for 11 years, since 2013, and offered 13 different models to customers including an…
Australians who say they have been left stranded overseas and broke after their travel agency collapsed have now been told the company was likely trading while insolvent. melbourne-based agency Traveldream — which was registered as Australian Travel Deals Pty Ltd and sold discounted flights, cruises and international tour packages — collapsed in April and went…
As the Senate Economic References Committee (SERC) begins its public hearings into insolvency in the Australian construction industry, the vexed issue of phoenixing deserves to be highlighted. It is generally believed that illegal phoenix activity – where a company is liquidated and rises again in a way that avoids paying creditors – is widespread in…