Gudinski Buys Up $3m Future Music HQ Before Liquidation

With the Future Music Festival 2014 lineup announced, featuring Deadmau5, Phoenix, and Macklemore & Ryan Lewis topping a massive bill for the event next March, attention has once again turned to the new partnership presenting the annual music festival. The flagship Future Music Festival is being presented in a joint venture with Michael Gudinski’s Frontier Touring, a deal…

VFX and post business Cutting Edge enters liquidation

VFX and post-production business Cutting Edge has officially entered into a Creditors’ Voluntary Liquidation, less than a year after being announced as one of the first recipients of the Queensland Government’s $5 million Capital Grants program. According to a public notice from the Australian Securities and Investments Commission (ASIC), the company was placed into liquidation…

Liquidator seeks EOIs for Adherettes sale

Port melbourne based signage and built-brand company Adherettes has gone into voluntary liquidation with its liquidators, Pitcher Partners, actively seeking expressions of interest for the sale of the former. Pitcher Partners liquidators Andrew Yeo and Gess Rambaldi are in the process of selecting a new owner for Adherettes and are calling on the last of…

Theatre company in liquidation but the shows go on

A melbourne-BASED theatre company that has received more than $800,000 in federal government grants since December 2010 has gone into liquidation owing the Australian Taxation Office almost $700,000. HIT Productions, which is based in Beaumaris and run by 54-year-old actor-producer Christine Harris, entered liquidation on December 22 with debts totalling about $1.8 million. Liquidation: Christine…

Australian theatre firm behind major musicals folds with millions in debt and workers left jobless

An Australian theatre production company that staged major musical tours has collapsed with debts totalling $7.5 million, leaving dozens of performers and crew unpaid and prompting anger over a new business already producing shows under the same leadership.  David Venn Enterprises, the firm behind large-scale productions such as Elvis: A Musical Revolution and Cruel Intentions:…

SME owner opens up after personal training business enters liquidation: “For the first time ever I raised the white flag”

A small business owner has opened up about the difficulties of managing cashflow in a growing business, after his personal training company Rapid Personal Training entered liquidation yesterday. Insolvency firm Hogan and Sprowles has been appointed to manage the liquidation of Rapid PT, which employs three full-time staff and 17 contractors, and has seven locations spread across sydney and…

Brett Lee’s Sydney Beer Co saved from liquidation after creditors accept lifeline following months in administration

Former Australian fast bowler Brett Lee’s collapsed beer company has been thrown a lifeline after creditors backed a rescue deal. sydney Beer Co collapsed in March this year after failing to successfully trade, according to documents filed to the Australian Securities and Investments Commission. Being founded in 2016, the lager was distributed to 350 venues…