The future of oBike in Australia is uncertain after the bike-sharing company went into liquidation in Singapore and pulled out of operations in melbourne. The company, which allows users to hire bikes through an app, cited government regulations behind its decision to pull out of the two cities. However it remains unclear whether the Australian…
The firm responsible for security at a major Victorian hotspot hotel has gone into liquidation as it faces a lawsuit alleging the state’s second wave was its fault. Unified Security is the lead defendant in a class action suing it for damages for allegedly allowing Covid-19 to get into the community. But the Supreme Court…
Another melbourne building company has collapsed, leaving homeowners in limbo and suppliers owed millions. Alpha Building Group Pty Ltd went into liquidation late last week with insolvency firm Rogers Reidy telling News.com.au the company owed $3.5 million to more than 100 creditors. Of this, the company reportedly owes $2.5 million to suppliers of materials and…
The boss of a collapsed building company may have transferred $2.5 million to its boss as a “director’s loan” in the months before the business went bust, according to the liquidator left to wade through the mess. That figure is more than the total money owed to creditors. Victorian construction firm Area Projects Pty Ltd…
Hundreds of staff have learned that they are now unemployed after receiving a brutal text message about their termination. On Tuesday, 400 workers at a Western Australian company called Advanced Traffic Management (WA) Pty Ltd, which provides workers and equipment for major road work projects, got a text informing them the business was in liquidation.…
The directors of failed construction company Nicheliving have saved it from liquidation by buying it back despite being banned from holding a building licence. Directors Ronnie Michel-Elhaj and Paul Bitdorf are buying back their company after creditors agreed to a $2.7 million deal that will give them cents on the dollar for their debts. “The…
A multi-million dollar project to redevelop Floreat Surf Life Saving Club is facing serious delays after the construction company tasked with the upgrade went bust. Just three months since works began on the surf club upgrade, the project came to a sudden halt last week after the contractor — Construct360 — was placed into liquidation.…
Customers of Langford Jones Homes have been left in limbo after the melbourne-based homebuilder joined the raft of high-profile construction industry collapses last week, with a cyber attack just one of many reasons behind the company’s demise. Jonathon Colbran and Richard Stone Partners (RSM) were appointed on 30 June as joint and several liquidators to…
It’s safe to say that bike-sharing companies in Australia haven’t had the smoothest ride over the past 12 months. From unhappy local councils, to melbourne’s former Lord Mayor declaring their bikes “clutter”, and users across the country gleefully dumping bikes in rivers, up trees, and on top of buildings, companies such as oBike and Ofo…
Restaurant meal delivery startup, Providoor, has been handed over to Liquidators three years after launching. The business was founded in melbourne by chef Shane Delia in the early months of the COVID-19 pandemic, as a way to help restaurants stay afloat during lockdowns. Providoor allowed customers to order meals from restaurants that they would then…