Virgin Australia announced on Tuesday they were entering voluntary administration as a result of the COVID-19 (Coronavirus) global pandemic, putting the airlines major partnership deals at risk. Virgin has very lucrative major sponsorship deals with the AFL and Supercars, along with a host of AFL clubs including Carlton, Greater Western sydney, and gold coast. With…
Residents living in two WA retirement villages owned by a group of companies trying to avoid bankruptcy are being assured their homes and livelihoods are protected and won’t be affected. More than 800 retirees living in units at Settlers Lakeside in Ravenswood and Settlers Ridgewood Rise near Butler have been reassured laws are in place…
One of the Hunter Valley’s largest property developers is set to go into voluntary administration. The Johnson Property Group has this afternoon appointed sydney accounting firm deVries Tayeh as voluntary administrator. When contacted by the ABC the administrator confirmed it is in negotiations with the group’s Keith Johnson, but will not be making an official…
Jonathan ChancellorJuly 9, 2012 Baseline Constructions, another NSW builder, has gone into voluntary administration. The company was founded in 1993 by civil engineer Nicholas Bettar from small Bankstown/Canterbury foundations. In Sydney-based company Baseline Constructions contracted the tradespeople by letter to advise of the receivership last week. They were renovating the Ballina building, which is owned…
A popular Canberra bakery has collapsed into voluntary administration after it unsuccessfully attempted to expand its operations into sydney. Frenchy’s Bread, which trades under the name Autolyse, opened its first Sydney store last July but has been forced to shut the doors just eight months later, appointing administrators Alan Hayes and Christian Sprowles of Hayes…
Quirky Wars, the production company behind director Luke Sparke’s 2023 Queensland-shot mob thriller Bring Him to Me, has entered voluntary administration. According to a public notice from the Australian Securities and Investments Commission (ASIC), David Michael Stimpson, of specialist accounting and advisory firm SV Partners, was appointed as administrator on July 21 under section 436A…
Aged care, disability and veterans care service provider Annecto Incorporated has entered voluntary administration, putting entitlement payouts for hundreds of staff in doubt. Last month Annecto, which has more than 1,000 employees and 4,400 clients across four states, announced it would stop its community services by the end of July. On Monday, the Annecto board…
By ELIZA MCPHEE Published: 08:24 AEST, 19 September 2024 | Updated: 09:25 AEST, 19 September 2024 The company behind the popular Pinot & Picasso studios has collapsed into voluntary administration. Veuve Ventures Pty Ltd, which owns seven Pinot & Picasso studios around Australia, had administrators appointed last Thursday. The collapse has resulted in seven workers…
The voluntary administration of Australian airline Rex will affect 11 domestic routes, though each will continue to be served by other operators. As reported by Aviation Week, the airline filed to enter administration on July 30, with Ernst & Young appointed to handle the case. The airline’s jet operations have been grounded immediately, although its…
ORDER has entered voluntary administration, leaving the players and staff under a cloud. AUSTRALIA – melbourne-based ORDER faces an uncertain future with the company entering voluntary administration to avoid total collapse. The organization is currently carrying about AU$200,000 in outstanding debt despite having raised AU$5.3 million in capital just last year. The lingering impact of…