Symons said they only trained for Esprit Racing and that the company bought horses – “specked them at the sales” – and then sold shares in them. “They never advanced [us] anything,” Symons told this masthead on Friday. “It’s bullshit. And the people that are in those horses are going to come forward and say…
A convicted drug smuggler, Russian billionaire and world famous singer are among the high-profile clients chauffeured by a transport company before it collapsed. Brunel Chauffeur Drive and Limousines Pty Ltd went into liquidation on July 13, owing $11.7 million to more than 100 creditors. The sydney-based company offered premium passenger transport in every state capital as…
melbourne food delivery platform Providoor has entered liquidation, joining a rapidly growing list of tech startups around the country that have gone bust. Key points: Providoor has entered liquidation after three years in business About 50 restaurants in Melbourne and sydney will be affected by the closure Experts say the company was well-run and a victim…
Documents reveal the popular late-night haunt failed to pay employees’ superannuation, suppliers’ invoices and more. Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to your saved list and come back to them anytime. Got it Newtown Oporto…
A full liquidation plan at Canada’s oldest company could begin as soon as Tuesday and last for up to 12 weeks, but Hudson’s Bay is still holding out hope that it will find a lifeline. Lawyers for the beleaguered retailer said in an Ontario court Monday morning that if approved by the judge, the liquidation…
Prof Jason Harris, Sydney Law School One of the problems is that our insolvency laws adopt a ‘one-size-fits-all’ approach that makes little distinction between winding up a national transport company and dealing with a failed corner store business. This work must be paid for and while the former may well justify the attention of what…
melbourne sign company Aussie Signs has gone into liquidation three years after a freak accident where the collapse of a wall carrying its signage killed three people. The industrial accident resulted in a lengthy court case, and the company was fined $250,000 earlier this year for pleading guilty to an occupational health and safety act…
sydney developer Merhis Corp and a clutch of related entities have gone into liquidation owing the Australian Taxation Office at least $6 million and its director Mark Merhi has left Australia. Helm Advisory managing director Stephen Hathway said he triggered the liquidation of the 23 Merhis companies last week after they defaulted on a settlement…
In a worrying trend for the Australian business landscape, thousands of companies have vanished over the past year, and experts warn that the situation is poised to deteriorate even further. Among the casualties is E-Mersion Media, a melbourne-based tech start-up that recently went into liquidation with debts exceeding $12 million. The liquidator’s report reveals that…
A small business has been left with no other choice but to go into liquidation, partially blaming its financial troubles on society’s waning interest in building ‘authentic’ connections with each other. The Source Bulk Foods, Australia’s largest specialised bulk food retailer, has more than 60 stores all over the country. But it lost one of…