Crown Group has entered into provisional liquidation, and its co-founders, Iwan Sunito and Paul Sathio, have agreed to put aside a long-running dispute in an attempt to salvage what was once a big real estate developer. Andrew Sallway, business restructuring partner at BDO, was appointed as the company’s provisional liquidator on Thursday. He will have…
The company that operates melbourne’s fine cuisine restaurant Dinner by Heston is under scrutiny amid concerns that workers have been underpaid. As the company puts itself in the hands of a liquidator, the Fair Work Ombudsman has accused it of failing to comply with a statutory notice to back pay worker entitlements. Fair Work had…
An outback car rental company based on the gold coast has gone into liquidation, owing tourists hundreds of thousands of dollars in bond money and raising questions about a Federal Court case aimed at recovering funds. Key points: Australian 4WD Hire’s previous owner Smart Corporation sold the firm in December Days later, Smart Corp went…
Kilburn-based Railroad Transport has been placed in voluntary liquidation with more than 100 staff around Australia made redundant. Liquidator Tarquin Koch said the amount owed to them would be “north of $2.1 million”, but employee entitlements are covered under the federal Fair Entitlements Guarantee Scheme. Although the company made slight losses on annual revenues of…
By PADRAIG COLLINS FOR DAILY MAIL AUSTRALIA Published: 08:14 AEST, 22 October 2023 | Updated: 09:12 AEST, 22 October 2023 A luxury
Just a week ago, Molly Rose Brewing announced it was calling in the liquidators, leaving the influential Collingwood spot as just the latest casualty of Australia’s struggling craft beer scene. At the time, Founder Nic Sandery offered a glimmer of hope, saying the business would look to negotiate an agreement that would allow it to…
A Queensland building company has gone into liquidation owing about $20 million to creditors, many of which are unlikely to recover the full extent of their losses. Veteran construction company Stokes Wheeler had four projects under construction on the gold coast whose contracts have now been cancelled. The largest project, a block of 40 apartments…
By ASHLEY NICKEL FOR DAILY MAIL AUSTRALIA Published: 17:25 AEST, 15 April 2025 | Updated: 18:47 AEST, 15 April 2025 Creditors of a recently collapsed building company have been warned they’re unlikely to recover their money. gold coast construction company Stokes Wheeler owed staff up to $1.66million and unsecured creditors more than $13.5million when it entered administration…
By ELIZA MCPHEE FOR DAILY MAIL AUSTRALIA Published: 09:39 AEST, 24 January 2024 | Updated: 21:36 AEST, 24 January 2024 A major construction company that built houses across
An Australian technology company has collapsed, notifying all staff by email that their jobs are gone. melbourne-based E-Mersion Media (Aust) Pty Ltd, which had won big contracts with Formula 1 and world footballing body FIFA, has gone into liquidation. Registrar Kim Woronzcak ordered that the business be placed into liquidation ‘on the grounds of insolvency’…