Property scion Daniel Grollo has avoided the humiliation of his collapsed Grocon construction empire being liquidated after the tax office and creditors of 88 failed companies voted to accept an arrangement that will see small creditors and employees paid out. Creditors met on Thursday to vote on Mr Grollo’s proposal for an amended Deed of…
A Victorian based builder called Hotondo Homes Horsham, which was a franchisee of a national construction firm, has collapsed affecting a number of homeowners. The company had 11 homes under construction at the time of its collapse, while there are also 11 employees with outstanding entitlements. It is the second Hotondo Homes franchisee to go…
Australian luxury fashion retailer Harrolds has collapsed while owing more than $12 million. The four entities that make up the Harrolds Group were placed into liquidation at the start of October. In a statement provided to 9News, liquidator SMB Advisory put the department store’s collapse down to the difficult post-pandemic economy. A shoe display at…
The Australian Securities and Investments Commission (ASIC) said creditors have resolved to wind-up UGC and David Stimpson of SV Partners has been appointed as a liquidator. UGC withdrew its application regarding the cancellation of its Australian financial services licence, which was cancelled on 31 July, and the Administrative Appeals Tribunal (AAT) dismissed that application. An…
A sydney store owner has lashed out at “society” in a brutal note after the “heartbreaking” collapse of her small business. Last week, a letter was taped to the front door of The Source Bulk Foods in leafy Crows Nest in the city’s north, informing customers that it had closed down. The Source Bulk Foods…
A Victorian solar energy company has plunged into liquidation with debts of $3.8 million. Creditors voted to place G-Store into liquidation rather than have their debts wiped at a fraction of the cost on Friday afternoon. G-Store, headquartered in melbourne’s Malvern East and also with premises in regional Victoria in Warragul, specialised in installing custom…
After a number of up and down years, print business sydney Allen Printers is in liquidation. Sydney Allen Printers was bought by Mark Shergill’s Focus Group in 2016 with the last remaining remnants of the business now in liquidation through BCR Advisory liquidator John Morgan. Anyone who has debts of claims on the company should…
Cade Lucas The possible liquidation of construction company Apex Homes could leave a Point Cook demolition business more than $20,000 out of pocket. melbourne Wide Demolition was last year hired by Apex to clear a property in Geelong ahead of construction of a new home beginning on the site. After completing the demolition work, the…
By BRETT LACKEY FOR DAILY MAIL AUSTRALIA Published: 19:24 AEDT, 26 July 2024 | Updated: 20:06 AEDT, 26 July 2024 Two Australian builders have collapsed leaving creditors more than $4.5million out of pocket – the latest in a wave of construction companies to go under. PPS Qld and PPS Commercial, based in Burleigh Heads on…
A building company has collapsed after a long, drawn-out death, placing the fate of at least a dozen projects into jeopardy. On Wednesday, the Victorian Supreme Court ordered Apex Homes Australia Pty Ltd to go into liquidation. Judicial Registrar Gitsham forced the melbourne-based construction company to liquidate on the grounds of “insolvency” and she said…