Tech company in administration PREDICTIVE intelligence software producer Veriluma — which has a tech hub at Robina — has been placed into voluntary administration.The company, which listed last year via the reverse takeover of mining junior Parmelia Resources, released a statement to the ASX saying Jamieson Louttit, of Jamieson Louttit, has been appointed administrator. Continue…
Queensland brewing company Ballistic Beer Co has been put on ice as it enters voluntary administration, hoping a major restructure will help better the balance sheet. However, the company is still making its popular, award-winning products during the process. WATCH THE VIDEO ABOVE: New push for sugar tax for soft drink addicted Australians. Know the…
Published Wed, Jul 31, 2024 · 06:31 AM THE Australian regional airline Rex named an outside administrator on Wednesday to oversee its troubled finances and canceled all flights between major cities. Australia’s third largest carrier said it has picked Ernst & Young Australia for help in this process called voluntary administration and would keep flying…
The melbourne Rebels insist they haven’t entered voluntary administration but the move is potentially on the table for the financially-stricken Super Rugby Pacific club. Rebels chief executive Baden Stephenson addressed the playing group before training on Friday after reports emerged that the club, carrying debts of around $9 million, had formally entered into voluntary administration.…
brisbane’s Easy Times Brewery has announced it has appointed a voluntary administrator to assist the business to restructure. In a statement issued to Brews News, the company said it is “a necessary, but largely strategic process that should not be mistaken for insolvency”. “The intent is absolutely to find a way to restructure and refinance…
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The brisbane-based rapid testing business that made global headlines when it inked a $300 million deal with the Biden administration for its COVID tests in the US has put its Australian arm into voluntary administration. FTI Consulting confirmed on Thursday morning that John Park and Joanne Dunne had been appointed to Ellume Limited and would…
Meetings and Events Australia (MEA) has announced it is entering voluntary administration and will close operations in 2025. The events industry body is celebrating its 50th anniversary in 2025 but has appointed an administrator ahead of ceasing operations. The annual MEA National Conference was to be held in June 2025 in sydney – with Spice…
brisbane-based home diagnostics firm Ellume has put its Australian wing into voluntary administration, 18 months after securing a $304 million US government contract to boost its COVID-19 test production capacity overseas. ASIC data shows Ellume Limited entered external administration on Thursday. The ABC reports John Park and Joanne Dunne of FTI Consulting were appointed as…