The melbourne Star Observation Wheel has often been derided as a poor imposter of the London Eye, and occasionally ridiculed for spending more time stagnant than in motion. For many, it was a symbol of the promise of Docklands that was never delivered. However, now Melbourne faces the far-worse prospect of a permanently-stagnant wheel by…
A Russian-born businessman and his wife based on Queensland’s gold coast have been told they face jail unless they repay tourists they “ripped off” through their outback car rental company, Australian 4WD Hire. Key points: Former company controllers Vitali Roesch and Maryna Kosukhina have 21 days to repay customers They are liable to imprisonment or other…
A gold coast businessman is in custody awaiting sentencing after he followed a plan to illegally strip his telecom company of money and assets before it went bust. Key points: With the advice of two pre-insolvency advisers, Richard Ludwig arranged to illegally smuggle more than $740,000 out of his company Cap Coast Telecoms before it…
A mum who moved into a townhouse built by collapsed Aussie construction giant Condev has described the horror living conditions inside the home, adding she wasn’t surprised the company had gone under. Monique Cribb said the family moved into the rental in June 2020, but by Easter the next year leaks had sprung in the…
A stark warning has been issued that half of Australia’s building companies are on the brink of collapse, and it could see thousands of people’s homes impacted in the coming months, according to an industry insider. Two major Australian construction companies including gold coast-based Condev and industry giant Probuild have already gone into liquidation this…
gold coast construction company Pivotal Homes, which has built more than 1,500 homes during its 15 years of operation, has been placed into liquidation. Key points: Pivotal Homes was placed into liquidation on Thursday afternoon Its director says rising costs have made operations unviable The company employees 16 staff on the Gold Coast “Unfortunately, the rising costs which…
D.I.M Furniture went into administration this week, the latest in a string of companies to be liquidated by melbourne’s Dimarelos family. Glenn Crisp and Malcolm Howell of Jirsch Sutherland were appointed as administrators of D.I.M Furniture, which was owned by Paul Dimarelos, on October 15, 2014. Crisp declined to comment to SmartCompany but Jirsch Sutherland’s…
– Advertisement – melbourne, FL, June 29, 2023 – In a troubling development, Melbourne-based company Property Registration Champions (Prochamps), once a front-runner in the field of technology-driven property registration and compliance, has announced that it is filing as an assignee for the benefit of creditors, also known as an ABC. This drastic measure underscores the…
The company that leased an iconic homestead southwest of melbourne has collapsed, leaving locals concerned about the heritage-listed property and at least one bride-to-be having to scramble to find a new wedding venue. Cumming Enterprises Melbourne, which leased the Point Cook Homestead from Parks Victoria, entered voluntary liquidation on July 7. The business facilitated…
melbourne digital printer Retail Communications has closed its doors and gone into liquidation, leaving behind a debt of $1.7 million. About 15 staff members have lost their jobs. A notice published on the ASIC site says: “A general meeting of the members of the Company held on 25 September…resolved that the company be wound up and…