An IT distribution company that has operated for almost 20 years has collapsed into voluntary administration. Altech Computers was established in 1997 and has offices and warehouses in Sydney, Melbourne, Brisbane, Adelaide, Perth, Auckland and Hong Kong. The business featured in BRWs Fast 100 for several years between 2004 and 2006, coming in at number…
More than 50 people have lost their jobs just weeks out from Christmas after Canberra’s second largest printing business collapsed into liquidation earlier this week. Paragon Printers Australasia was established in 1997 and has operations in Fyshwick in the Australian Capital Territory and Crows Nest in sydney. The company was placed in voluntary liquidation…
A company linked to hairdressing chain Blow Dry Bar has been placed in liquidation. Blow Dry Bar was founded in 2008 by sydney businessman Nathan Cuneen and at one stage had up to 23 outlets across the country. But according to a notice published by the Australian Securities and Investments Commission, Angus Gordon of Macquarie…
COLLAPSED mining services company Forge Group has been placed in liquidation at a meeting of administrators and creditors in perth. More than 1500 Forge Group employees were sacked after Forge went into administration in February with around more than $500 million in debts. Based on a preliminary assessment by administrators Ferrier Hodgson, the cause of…
A West Australian-based company, which encouraged people to invest in rare coins and bank notes, has gone into liquidation owing private investors what is believed to be tens of millions of dollars. The Rare Coin Company, based in Albany on WA’s south coast, encouraged investors nationally and overseas to purchase rare coins and notes which…
Correction: This article originally reported that Big Ant Studios Pty Ltd had gone into liquidation. We would like to offer correction that the company that went into liquidation was in fact B.A.S. Melb Pty Ltd – a company that was formerly known as Big Ant Studios melbourne Pty Ltd. until its name change in November…
A perth property development company owned by former England cricketer Adam Hollioake and his family has collapsed, owing $20 million to more than 40 creditors, including former England Test captain Alec Stewart. Liquidator for The Hollioake Group Mark Conlan yesterday warned that although secured creditors such as Bankwest and the Commonwealth Bank would recover most…
Insolvency specialists Dye and Company have been appointed as liquidators for IT education provider Excom Education. According to documents filed with the Australian Securities and Investment Commission (ASIC) today, Roger Grant, Victor Dye and Nicholas Giasoumi of melbourne-based Dye & Co were appointed liquidators after a meeting in which the two directors and founders of Excom,…