Liquidation Archives

The sad reason why building company Australis Constructions went bust despite projects in Queensland, NSW and the Northern Territory

LiquidationBy February 24, 2025

By STEPHEN JOHNSON, ECONOMICS REPORTER FOR DAILY MAIL AUSTRALIA Published: 15:08 AEDT, 4 September 2024 | Updated: 15:48 AEDT, 4 September 2024 A construction company led by a director who spruiked his plumbing expertise is being liquidated because it failed to obtain the right licence. Australis Constructions, a family-owned home and industrial building business based on Queensland‘s…

Twist after Aussie property developer collapsed leaving $1.5billion worth of construction unfinished

LiquidationBy February 24, 2025

By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 16:56 AEDT, 7 February 2025 | Updated: 16:56 AEDT, 7 February 2025 An Aussie property giant has been thrown a lifeline after creditors agreed to take a substantial cut to save them from liquidation. Creditors have signed off on a rescue deal with melbourne-based property developer Bensons…

Company ACB Group at centre of Derrimut industrial fires enters voluntary liquidation

LiquidationBy February 24, 2025

The chemical company at the centre of two industrial fires in melbourne‘s west, including one that left a worker dead, has collapsed owing creditors more than $5.3 million. Reports from liquidator SV Partners into the failed ACB Group suggest the site of its factory remains an ongoing fire hazard, stating the EPA advised it posed…

Perth newlyweds left devastated after wedding photographer goes into liquidation

LiquidationBy February 24, 2025

A couple who were married at the weekend were among around a dozen newlyweds who attended the court hearing in an effort to find out if they could recover their money and wedding footage. The devastated bride, who did not want to be named said, “It’s just the memories we want back, we don’t care…

Collier Homes, once owned by former Family First senator Bob Day, collapses again

LiquidationBy February 24, 2025

WA builder Collier Homes went into liquidation this week – for the second time in eight years – after the company previously owned by former Family First senator Bob Day’s Home Australia group pulled the plug, leaving five clients with unbuilt homes. Second-generation builder Dario Amara, who acquired the brand of the South perth-based business…

PE firm behind Bonza, Melbourne Victory calls in insolvency experts

LiquidationBy February 11, 2025

The private equity backers of Bonza and the melbourne Victory A-League team have called in a restructuring firm to provide advice on “operational challenges” at the same time as its co-founders have been forced out. Miami’s 777 Partners had grown rapidly, buying stakes in European soccer teams and in airlines including Bonza, which called in…

Glen Iris’s Deeds Brewing Reopens After Avoiding Liquidation

LiquidationBy February 11, 2025

In March this year, after 14 years in business, Glen Iris brewery

Gov’t gives GH¢1.4bn relief package to Gold Coast customers, others

LiquidationBy February 11, 2025

Rev. Daniel Ogbarmey-Tetteh Awaits complete validation to settle the remainder Government has provided a GH¢1.4billion relief package to embattled customers of 27 collapsed fund management companies, including gold coast Ltd. – which hitherto had not received a penny due to a prolonged validation process. A press release by the Securities and Exchange Commission (SEC) dated…

Development company Nerang Street collapses owing creditors $80m

LiquidationBy February 11, 2025

The development company behind a massive gold coast project has called in administrators, leaving creditors owed about $80m. Nerang Street, which is developing the $500m Queen Street Village at South Port, has been impacted by funding issues on top of dealing with the Covid-19 pandemic, according to The Australian. Robson Cotter Insolvency Group said unsecured…

Queensland building company Condev goes into liquidation

LiquidationBy February 7, 2025

Condev Construction, a Queensland commercial builder, was set to appoint a liquidator on Wednesday after soaring costs and clients who were not willing to advance the privately owned builder any further funding in a position where it could not keep trading. The company with 18 projects – 14 in gold coast – had put a…

Category Archives: Liquidation