A melbourne electrical company has folded into voluntary administration following a wind-up order from the Australian Tax Office. Dandenong-based Impressive Electrical appointed Gess Rambaldi and Andrew Yeo of Pitcher Partners as administrators of the company on June 18. The collapse comes after the ATO’s recent spate of wind-up orders saw the tax office issue…
An ABC investigation into the activities of a number of business advisers, who help companies avoid paying millions of dollars in tax — and money owed to small mum-and-dad businesses — has uncovered a raft of potentially illegal transactions that are now the subject of investigation by ASIC and the Australian Tax Office (ATO). Key…
sydney commercial print business Reactiv is in liquidation with owner Kingsley Moore saying its demise was mainly due to financial problems inherited during the 2015 takeover of another Sydney printer as well as his own health problems in the last 12 months. Reactiv, based in Sydney’s Rydalmere, started in October 2015 when Moore took over…
A firm of business advisers accused of helping company directors hide cash and assets from creditors and the tax office has gone into liquidation, raising questions over whether the firm’s activities will ever be properly investigated by government agencies. The firm, melbourne-based SMEs R Us, was one of a number of “pre-insolvency advisers” identified by…
“I am not going to be too hard on my former management,” he wrote on Instagram. “They spread themselves too thin trying to support their people, and stuffed up the numbers.” Not all of Ivanoff’s clients were so forgiving. Greg Larsen signed on with the company just a month ago: “Since Junkyard went insolvent, a…
Doughnut Time is going into liquidation — despite its new chief executive saying he would buy the company and “turn it around”. Its workers, who are owed an estimated $200,000 in unpaid wages, have also been kept in the dark. None of the workers were told by the company’s senior leadership that it had gone…
melbourne-based fine-dining establishment Woodland House has closed its doors for good, with the business entering liquidation yesterday after five years in operation. The Prahran business was founded by chefs Hayden McFarland and Thomas Woods, who took over the site of one of Melbourne’s most revered and well-loved restaurants Jacques Reymond. The restaurant had received a number…
Disgraced wedding dress designer Johanna Johnson is back at work in a new studio across the road from sydney‘s glamorous Bondi Beach despite the company registered in her name being in liquidation. It all came crashing down for the designer last year after Johanna Johnson Pty Ltd went into administration, leaving a huge question mark…
Calia Australia has officially gone into liquidation, less than two weeks after staff at the top Japanese restaurant were told they wouldn’t have a job in the new year. The business, which had stores in
melbourne-based homewares brand Fenton&Fenton has collapsed after 15 years in business. The company’s website announced that it has gone into liquidation and has appointed Adam Nikitins and Stewart McCallum of EY to oversee the sale of the entity. Established in 2008 by Lucy Fenton, the brand sold homewares, furniture and artwork through its physical store…