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…
Northern Beaches Hospital, sydney, Australia [Photo by Cabrils via Wikipedia / CC BY-SA 4.0] Australia’s second biggest private hospital operator, Healthscope, was placed in receivership on Monday. This means the future prospects of 38 hospitals, 19,000 staff and hundreds of thousands of patients are now in the hands of ruthless international hedge funds, to which…
THE failed real estate venture of Ocean Grove entrepreneur Taylor Dow owes more than $280,000 to creditors, according to ASIC documents. Documents lodged with the corporate watchdog reveal the Taylor Dow Property Group owes $29,000 to melbourne-based developer SMA Projects and $27,500 to Queensland-based Property Solutions. More than $66,600 is owed to the Australian Taxation…
Air Locker Training in the brisbane suburb of Newstead has gone into voluntary liquidation this week. As reported by 7NEWS, it was resolved at a company meeting on 8th November the inner-city altitude training gym would be wound up and liquidators would be appointed. Part of a nationwide franchise which has 26 locations, Air Locker…