A company linked to a banned disability provider has gone into voluntary administration. Staff at Cocoon International College in brisbane, which advertised itself as providing a pathway for overseas workers to get jobs in community services, childcare and aged care, was informed about the decision on Sunday, in an email sent by Muhammad Latif, director…
A national trucking company has abruptly closed its doors, leaving about 200 jobs at risk and customers waiting for orders. XL Express, a transport and logistics company which has been delivering packages out of its brisbane, sydney and melbourne sites for the past 35 years, went into voluntary administration on Friday along with all of…
Probuild has told its national workforce to down tools, with its parent, Johannesburg listed Wilson Bayly Holmes-Ovcon Limited (WBHO), putting the business into administration. Cbus’ 443 Queen Street, brisbane, is under construction. The move comes after four years of financial assistance by WBHO totaling $183.5 million (R2 billion). “The Australian construction environment has also become…
A brisbane trucking company is in administration after trading for 23 years, with about $1 million in debts. Newnham Trucking, which operated out of Park Ridge on Brisbane’s southside, went into voluntary administration and ceased trading in June. Its sole director and shareholder Graeme Newnham is still operating another transport business. He is also the…
A high-profile restaurant and bar located in sydney’s Kings Cross could close its doors next week, with the owner revealing the city’s lockout laws have taken a toll on the long-standing business. Hugos Lounge & Hugos Bar Pizza fell into voluntary administration on Wednesday, becoming the latest Sydney business to fall victim to the…
Troubled handbag retailer OrotonGroup Limited has called in the administrators and suspended its quotation on the Australian Securities Exchange after announcing restructure plans in May. The retailer told shareholders on Thursday morning it had not found any restructure plans that were a more viable option for the business than the appointment of administrators. Vaughan Strawbridge…
Josh Goot is feeling relieved. Relieved, and focused.Just over a month ago, his much-lauded label was entering into voluntary administration , much to the concern of his many fans and advocates of the Australian fashion industry. Needless to say, it has been an intense five weeks but today, as creditors voted to return the company…
Elderton Homes announced it had appointed Liam Bailey and Chris Palmer of O’Brien Palmer as administrators today, citing the impact of several different events. “This has been a difficult decision and a result of several factors, not limited to but including bushfires, floods, a global health pandemic and economic conditions,” Elderton Homes said in a…
THE Sands Resort in Torquay has entered voluntary administration, with the melbourne office of firm PKF Australia to make “an urgent assessment of the financial position of the company”. According to a letter sent to creditors today, the administrators intend to “carry on the company’s activities and to continue trading”, and are seeking the co-operation…
Popular Western sydney venue The Orchard has collapsed just two years after opening its doors after “challenging market conditions” forced directors to call in administrators. The owners thanked the community for their support as they made announced the administration on their social media platforms on Wednesday. “We are grateful for the ongoing support of the…