Category Archives: Liquidation

Embattled Sydney radio host Mark Levy’s collapsed restaurant debt soars into seven figures amid liquidation process

Debts associated with popular sydney radio host Mark Levy’s collapsed restaurant have spiraled into seven-figures as he attempts to push back on liquidation proceedings. Saint George Hospitality, the company behind Mr Levy’s closed Pronto Sylvania eatery, owed nearly $1.8 million, according to a report lodged with the Australian Securities and Investments Commission (ASIC). That figure…

BDS Group boss shares his story behind company’s collapse

BDS Express offered a wide range of services, including freight operations, warehousing and storage. Image: BDS Group BDS Group Managing Director Harry Rathour has shared his account of why the melbourne-based company he started from scratch in 2014 was placed into liquidation last week. Six entities under the group – BDS Express Trading, BDS Tyres,…

Australian electric vehicle-startup MEVCO goes into liquidation owing millions of dollars to an array of creditors

A Western Australian electric vehicle company that strived to refurbish utes into environmentally friendly equipment for the mining industry has gone under. perth-based start-up Mining Electric Vehicle Company (MEVCO) launched in 2022 with plans to convert Toyota Hilux and LandCruiser utes to battery power. MEVCO hoped to supply the mining sector with the revamped vehicles…

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Billionaire Adrian Portelli backs out of Derrimut 24:7 gym deal

This was published 6 months ago November 1, 2025 — 9:25am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA Billionaire businessman Adrian Portelli will no longer purchase a stake in the floundering Derrimut 24:7 Gym empire, saying he could not see “eye to…

Boutique builder goes into liquidation

Built Lifestyles co-founder and director Deniz Huseyin. Image: Plungie A sydney boutique builder has gone into liquidation owing creditors hundreds of thousands of dollars. Built Lifestyles was a custom residential building and design company that operated for more than 15 years in Sydney. The company went into voluntary liquidation on Monday and had it’s contractor…

Australian construction firm Built Lifestyles collapses into liquidation owing more than $330,000 to creditors

sydney construction firm Built Lifestyles has collapsed into liquidation, owing hundreds of thousands of dollars to creditors. The boutique builder, co-founded by director-builder Deniz Huseyin and interior stylist Gamze Erkoru, operated for 15 years across Sydney’s Eastern Suburbs and Sutherland Shire as a custom residential building and design company. The company is estimated to owe…

Construction company collapses leaving creditors $300,000 out of pocket

By ZAK WHEELER, NEWS REPORTER, AUSTRALIA Published: 00:57 AEDT, 25 October 2025 | Updated: 01:05 AEDT, 25 October 2025 A small sydney-based builder and design firm has fallen into voluntary liquidation, with creditors owed more than $300,000.  Built Lifestyles, a residential construction firm specialising in duplexes and structural renovations, entered liquidation on Monday, according to ASIC.…

Sydney builder Lifestyle Builds goes into liquidation

A sydney boutique builder has gone into liquidation owing creditors hundreds of thousands of dollars. Built Lifestyles was a custom residential building and design company that operated for more than 15 years in Sydney. The company went into voluntary liquidation on Monday and had it’s contractor license cancelled the following day. Mohammad Najjar from Vanguard…

Popular Japanese restaurant endorsed by high-profile MasterChef star collapses owing $280,000

A high-end Japanese restaurant in melbourne has suddenly closed permanently after its parent company collapsed, owing tens of thousands of dollars. Shoya Melbourne, tucked away on Market Lane in the city’s CBD, said it was temporarily closing on September 28 for major renovations. But last week, the restaurant shared a sobering message on social media…