Two more Western Australian building firms have collapsed amid rising construction costs which are causing companies to go bust. WA Housing Group, founded in 2019, is a building company based in perth specialising in custom builds and renovations. The company entered voluntary liquidation in December 2022 and GTS advisory was appointed as liquidator. READ MORE:…
One of Queensland’s most high profile independent brewing companies has gone into voluntary administration. Ballistic Beer Co founder David Kitchen told The Crafty Pint the directorsof the companyhave taken the decision to enter into Voluntary Administration. As pera filing with ASIC dated January 24, they have appointed PKF Melbourne as administrators. David says the directors…
Roofoods has been advised on the voluntary administration of its Australian subsidiary, Deliveroo Australia. Firm: Gilbert + Tobin (Roofoods) Already have an account? Sign in below: Deal: Publicly listed UK entity Roofoods has been advised on the voluntary administration of its Australian subsidiary, Deliveroo Australia, following its decision to exit the Australian market amid challenging…
The number of companies filing for administration across the Midlands jumped by 60% in 2022 as rising inflation and weaker trade continues to put businesses under pressure. Analysis of notices in The Gazette by Interpath Advisory reveals that a total of 120 companies based in the Midlands fell into administration in 2022 up from 75…
Two of Australias richest people are expected to be rivals in the bidding process for Sun Cable, the developer of what could be the worlds biggest intercontinental solar and energy storage project. Administrators indicate that the sale process could be completed within three months. January 24, 2023 David Carroll From pv magazine Australia The future…
A South Australian manufacturer that launched over a decade ago could be one of the states biggest corporate insolvencies as it was revealed it collapsed owing a whopping $70 million to 530 creditors. Another casualty was the collapse of its sister company Nexteel, which produced pre-painted steel, and went under owing $18 million to 130…
Thousands of customers may no longer receive their orders from an online furniture and homewares retailer after its administration recommended winding up the company. Administrators have recommended winding up Brosa after it was sold to Kogan.com for $1.5 million in December 2022 when it fell into voluntary administration. The company entered administration with $4.3 million…
The Perth accountant who pocketed millions in fees over the drawn-out liquidation of Alan Bonds billion-dollar Bell Group has found his company on the other end of a wind-up order at the hands of the tax boss. The Commissioner of State Revenue has launched Federal Court action to have company Anthemis wound up, an entity…
Atlassian cofounder and billionaire investor Mike Cannon-Brookes has lent Sun Cable, the startup behind a $30 billion project to send solar power to Singapore, $65 million to keep operating as the companys voluntary administrators look to sell the business. Cannon-Brookes is making the no interest loan through his family venture capital firm, Grok Ventures after…
The Perth accountant who pocketed millions in fees over the drawn-out liquidation of Alan Bonds billion-dollar Bell Group has found his company on the other end of a wind-up order at the hands of the tax boss. The Commissioner of State Revenue has launched Federal Court action to have company Anthemis wound up, an entity…