Unsecured creditors likely to get nothing from liquidation of construction company York Civil

Unsecured creditors of construction company York Civil are unlikely to see any returns from the business. Creditors voted unanimously to liquidate the company at its second creditors’ meeting on Monday afternoon. In a report provided to creditors, the company’s administrators, Martin Lewis and Timothy Mableson from accounting firm Ferrier Hodgson blamed York Civil’s failure on…

Critical Stages Touring placed into liquidation

Just six months after taking over the reins of the sydney-based national theatre touring company Critical Stages, CEO Robbi James has announced the “difficult decision” to place the company into liquidation. The company has ceased to trade with immediate effect. All employment contracts have been terminated. Critical Stages Touring has been supporting artists and audiences…

Sydney Mexican restaurant, Checho’s, in Penrith has collapsed, blaming tough hospitality trading conditions

Tough trading conditions in the hospitality sector have struck again, with the collapse of another popular restaurant resulting on the loss of 15 jobs. Mexican restaurant Checho’s, in sydney’s outer western suburb of Penrith, closed its doors on Sunday, with the directors putting the company into liquidation yesterday. Checho’s had traded in the suburb since…

Luxury fashion retailer Harrolds collapses owing $16m

An Australian luxury fashion retailer, which spruiked celebrities visiting its store and stocked some of the world’s most famous designers, has collapsed owing $16 million. After nearly 40 years of operation Harrolds was quietly placed into liquidation at the start of October. The company was founded in 1985 with its first store opened in melbourne…