brisbane solar battery startup Redback Technologies is out of voluntary administration after two months with new owners in charge. Fintech Australia Ebon has put an initial $500,000 into the business after creditors approved a deed of company arrangement (DOCA) earlier this month to allow Redback, founded in 2015, to trade its way back to profitability,…
Adelaide’s largest independent IT consultancy firm has gone into voluntary administration. Intec Group has been operating for 21 years and has provided information technology services to government agencies and private businesses. Ferrier Hodgson was called in to manage the firm on September 28, with Tim Mableson and Martin Lewis appointed as administrators. The first meeting…
Data exchange startup Data Republic has been placed in voluntary administration after seven years and raising more than $30 million from prominent investors including ANZ, Westpac’s Reinventure, NAB Ventures, Singtel Innov8, Qantas Loyalty and Singapore Airlines. Founded in sydney by Paul McCarney and Danny Gilligan in 2014, the business had expanded to have offices in…
This was published 1 year ago Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to your saved list and come back to them anytime. Got it AAA Five months after it staged a show set in a…
Queensland ethical jewellery retailer Secrets Shhh has fallen into voluntary administration, with its custodians reportedly seeking an urgent sale or recapitalisation for the 25-year-old business. Documents shared by the Australian Securities and Investments Commission on Tuesday show FTI Consulting’s Kelly-Anne Trenfield, John Park, and Kate Warwick were appointed joint administrators of Secrets Shh Pty Ltd…
Monogramed luxury fashion business The Daily Edited (tde.) is back from the brink yet again, with the former startup’s owner, Marquee Retail Group (MRG), emerging from voluntary administration, following the execution of a Deed of Company Arrangement (DOCA) to secure the business. MRG is owned by former Myer boss Bernie Brookes. It bought tde. in…
Blockchain provenance startup Everledger has been placed in voluntary administration after an existing investor failed to follow through on the 2nd tranche of their funding. The brisbane tech company, founded in 2015 by former Queensland chief entrepreneur Leanne Kemp, offers supply chain traceability using blockchain, artificial intelligence, intelligent labelling and Internet of Things. They were…
March 7 (Reuters) – Australia’s Star Entertainment (SGR.AX), opens new tab on Friday said it has yet to reach an agreement to sell its 50% stake in the brisbane joint venture to its Hong Kong-based shareholders, as it navigates mounting pressures to avoid voluntary administration. The Australian Financial Review reported that Star is considering offloading…
Troubled Victorian medical device startup Seer Medical has been placed in voluntary administration amid a product recall and legal battle with its ousted cofounder. Lindsay Bainbridge and Andrew Yeo from Pitcher Partners melbourne were appointed administrators on January 6 following a pre-Christmas board meeting where the medtech’s directors voted to hand over the books. Pitcher…
Pioneering brisbane recycling venture Circonomy was placed in voluntary liquidation on Friday with founder Yas Grigaliunas saying the 11-year-old business was no longer financially viable. Liquidators James Taplin and Stefan Dopking of BRI Ferrier were handed the books to review the company’s operations for a possible sale. Circonomy began in life in 2013 as the…