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Commando Steve’s Sage Institute of Fitness goes into voluntary administration
Steve Willis with partner Michelle Bridges. A hearing in the Administrative Appeals Tribunal in October heard the college had spent $6 million marketing its Diploma of Fitness Coaching Course alone. Mr Georges said the college had responded to the concerns of students. An ad for the course on Sage’s website. “Most of those issues have…
Women’s clothing retailer Meredith & Moore collapses into voluntary administration
A women’s clothing business with 19 retail stores across Australia and New Zealand has collapsed into voluntary administration but is continuing to trade. Meredith & Moore was founded in 1962 under the name Meredith and specialises in women’s knitwear, jackets and coats. The melbourne-based brand operates 17 stores across Australia, with stores in New Zealand. The…
St Hilliers placed in voluntary administration after jail break
The future of Victoria’s Ararat $350 million prison expansion is up in the air after St Hilliers Construction was placed in voluntary administration this morning. sydney-based St Hilliers said it had called in administrators after a dispute over the funding for the project dragged on. “We have over a number of months explored and exhausted…
fashion retailer PAS Group enters voluntary administration
PAS Group operates 225 retail stores in Australia and New Zealand, including Review concessions in Myer. Its other brands include Everlast, Yarra Trail, Designworks, Fiorelli, JETS and Bondi Bather. PAS Group operates brands including Everlast, Yarra Trail, Designworks, Fiorelli, JETS and Bondi Bather. (Everlast) It has 1300 employees, most of which were stood down when…
Popular Melbourne brewery near collapse
A popular melbourne craft brewery has entered voluntary administration, thrusting the jobs of about 50 people into question. Deeds Brewing in Glen Iris appointed administrators this week for its four associated businesses including Deeds Group, Deeds Taproom, Deeds Brewing Company and Future Proof Distilling. Deloitte’s David Orr and Glen Kanevsky have been appointed as joint…
Pilots, pollies, passengers concerned as Virgin Australia enters voluntary administration
Virgin Australia, the second-largest carrier of Australia following Qantas, is burdened with a $5-billion dollar debt and has entered into voluntary administration with the appointment of accounting firm Deloitte to oversee the process. The company will either: sell assets, reach an agreement with creditors, cancel debts or liquidate. The airline will continue to operate its…
Project Group residential, commercial builder goes into administration
Project Group Constructions, a melbourne-based builder working on residential and commercial projects with a contract value of about $190 million, has gone into voluntary administration. Burnley-based Project Group, a company with about 100 staff, went into administration on Friday with a preliminary estimate, excluding employee entitlements, of $22 million in debts – $7 million of…
Council axes software as Urpla goes belly up
Logan City Council has axed its latest development application assistance software following the developer’s voluntary administration. gold coast-based Urpla was awarded a council contract worth $206,363.64 on 30 June last year to help improve council’s development application process. But on Wednesday 23 May, Urpla went into voluntary administration. In an email sent to council staff…
Business failures in Australia: causes and considerations | Bond University
Godfreys’ CollapseAfter nearly a century in operation, Godfreys Group, the large vacuum retailer, went into administration in late January 2024.PwC, acting as administrators in Australia and New Zealand, faced the task of keeping the brand afloat while closing numerous stores and laying off many employees. PwC cited three primary reasons for Godfreys’ financial distress:Lower consumer…