The owner of a suburban supermarket closed his business just days before Christmas because he was unable to restock its shelves after struggling to pay a supplier $400,000. The company behind the IGA at Werrington, near Penrith in western
The publisher of free parenting publications sydney’s Child and melbourne’s Child, Copeland Publishing, has gone into liquidation. First published in 1989 by founders Joanna Love and Gillian Hund with a circulation of 20,000, the Sydney’s Child concept was expanded into Melbourne in 1993 with brisbane, Newcastle, perth and Adelaide following later. In January Australia’s only…
A sydney builder owing $93m in debt has been banned for five years by the Australian Securities and Investments Commission (ASIC). ASIC announced on Friday construction director Anthony Azizi, based in NSW, would be disqualified from managing corporations until July 14, 2030. The decision comes after a trio of construction company collapses, which Mr Azizi…
sydney-based Optus services provider Anderson IT has entered into voluntary liquidation with more than $500,000 owed to creditors. The 10-year-old company, which ran an Optus Business Centre in North Sydney, appointed liquidator Graeme Beattie of Worrells, on 3 June facing more than $1.1 million in total financial liabilities. Subsequent liquidation proceedings revealed the insolvent company owes Optus…
Four construction companies linked to one sole director have collapsed in a single day. Adroit Constructions, Maximus Builders, Maxim Builders and Maxus Builders went into liquidation on Tuesday. The companies are registered to a single address in Ryde, north-west of sydney, with one sole director overseeing the companies, one of which was forced to cease…
The Post Lounge continues to scale up, striking a strategic partnership with global post-production giant Company 3, expanding its creative leadership team, and finalising plans for a new gold coast studio. The moves follow a series of key executive appointments earlier this year aimed at driving international growth across both The Post Lounge and sibling…
Good Impressions entered administration in March with more than $1.2 million of debt, but was able to continue trading after director Peter Edwards agreed to a Deed of Company Arrangement. Good Impressions and print business sydney Allen then came to a “handshake deal” in August to merge, Edwards told ProPrint at the time. The deed…
A melbourne-based gym that was ordered to pay a record $41,182.50 fine in the Federal Circuit Court has collapsed into liquidation and the Fair Work Ombudsman has not received the court-imposed penalty. On January 17, 2013, Fair Work Commissioner Tim Lee ruled World Gym Sunshine had 14 days to pay $2200 compensation plus interest to…
Australian construction-industry insolvencies surged nearly 21 per cent last financial year to a new high, reflecting what the corporate regulator said was a greater use of insolvency appointments by small businesses restructuring debts in a way that would let them keep trading. Figures published by the Australian Securities and Investments Commission on Monday showed economy-wide…
A perth building company and its former director have been hit with significant fines after a fall at one of their sites left a worker with life-changing injuries. Terry Dunn was working as a carpenter on CASM Construction’s site at Woottating, 65 kilometres east of Perth, on December 14, 2021 when he fell head-first 2.2…