Image: XL Express After announcing last month that it was in voluntary administration, national logistics operator XL Express is officially in liquidation. On June 27, FTI Consulting was appointed as the voluntary administrators of the Brisbane-based transport company to conduct an “urgent assessment” of the company’s viability. The national business first started operating…
An iconic fashion retail giant has closed at least one of its flagship stores as the company prepares to fight a proposal to wind up operations over unpaid debts. General Pants Co recently shut down its
New figures show the housing slowdown is biting NSW hard, with the number of construction companies going under last quarter hitting its highest level in almost four years. Key points: NSW has been hit by a construction slowdown resulting in stressed companies going under at a record rate The president of an association representing insolvency…
A sydney family face never being able to build their dream home after their builder collapsed in March owing millions and the cost of their home’s construction jumped to $1.9 million, a whopping $800,000 more than the original quote. The 10-year-old building company called Jada Group went under with $2.4 million in outstanding debt to…
Australian furniture empire Home Sweet Home has gone bust after an A Current Affair investigation exposing the company’s dirty tactics. Owner Daniele Maisano plotted the company’s collapse leaving staff and customers across the country out of pocket. “We’re not going anywhere. Our interest is to do the right thing by all our customers and our…
melbourne-based Total Print Management Pty Ltd, formerly trading as Commerce Press, has entered into liquidation after its business assets were acquired by Hornet Press earlier this year. Tim Brace of SV Partners was appointed liquidator on 4 June 2025, following a resolution by the company’s members. Established in 1993, the company operated a printing and…
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…
