Robayne, the perth-based equipment and coatings distributer has gone into voluntary adminsitration which is being handled by FTI Consulting. The company was founded in 1974 as has expanded in recent years, especially in rural areas and has 14 branches around Australia. The liquidation proceedings may result in the company continuing to trade, or going into…
Administrators seeking expressions of interest. Riad Tayeh, Antony Resnick and Mark Robinson of de Vries Tayeh have been appointed as voluntary administrators of the 2nds World group of companies on 15 April 2019. 2nds World is Australia’s leading factory seconds appliances retailer. Headquartered in Cremorne, sydney, 2nds World has five stores in New South Wales…
The Australian art auction house and gallery Mossgreen has gone into voluntary administration. Its chief executive officer, Paul Sumner, said no vendors, staff or buyers would be out-of-pocket. “Mossgreen has chosen to take a path of voluntary administration during the month of January at a time that will least impact our clients and which will…
Home-grown children’s wear brand Rhubarb has collapsed into voluntary administration. Originally founded in 2002 as a homewares designer and importer, Rhubarb Enterprises began selling children’s clothing and products in 2008 from its first retail store in Doncaster in melbourne’s eastern suburbs. By the end of 2012, there were six Rhubarb stores operating, with four located…
Celebrity chef George Calombaris has put much of his restaurant empire into voluntary administration. Advisory and investment firm KordaMentha has been appointed as administrators of 22 companies in the Made Establishment Group. Calombaris’ Made Establishment group, which KordaMentha says operates 12 restaurants and food venues in melbourne, is going into voluntary administration after a meeting on Monday…
One of Australia’s largest independent logistics operators, XL Express, has entered voluntary administration after 35 years in business. The Queensland-based company, which launched in 1990 and built a national road transport logistics network, has appointed FTI Consulting as voluntary administrators to carry out what it describes as an “urgent assessment” of the company’s viability. The…
Hundreds of travellers are in the dark with the potential of having lost large sums of money after an Australian online flight retailer went into voluntary administration. Fly365 was placed into voluntary administration on Friday in a notice by the Australian Securities and Investments Commission. In the video above: Singapore Airlines to increase capacity on…
A large private school in melbourne‘s outer west has been put into voluntary administration, leaving over 1,200 students in a precarious position. Mowbray College in suburban Melton has suffered a severe financial breakdown. Administrators are doubtful they will be able to keep the school open and parents are scrambling to find other schools for their…
Staff reporterNovember 22, 2017 A joint construction company venture in apartment construction Adam Moore and Danny Cain. In a report to the creditors of Rimfire Constructions, Mr Cain said Rimfire’s troubles were caused by CRCG’s refusal to pay for expenses incurred by… Continue reading…
Celebrity chef Pete Evans is cosying up with the colorful characters behind a controversial commune-style development in Byron Bay’s hinterland. A bankrupt property developer played a key role in striking a deal with the conspiracy theorist to spruik the land sharing development, which is called Nightcap. The project’s “visionary” Adrian Brennock went bankrupt, and the…