Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration. Key points: brisbane-based cryptocurrency broker Digital Surge has gone into voluntary administration The company is proposing a “rescue plan” but this would need to be approved by its 30,000 creditors…
Major Queensland building company LDC has become the latest in the field to enter voluntary administration, with creditors owed more than $7 million. The home builder went into liquidation on Friday. The construction industry has been rocked by a number of company collapses in recent months, with a skills shortage, high materiel costs and a…
The Australian aviation industry has suffered another blow with regional airline Rex announcing it has gone into voluntary administration. Speculation had been mounting on the future of the airline, after Rex suspended share trading on the ASX on Monday. Flights between major airports have been cancelled, which begs the question: what should you do if…
Above: Sule Arnautovic from Salea Advisory Access Print Solutions, Graphic Print Group (GPG) and Graphic Web in sydney and Adelaide are now for sale after entering voluntary administration with 50 employees affected. Sule Arnautovic from Salea Advisory has been appointed voluntary administrator for the three businesses by the directors of the business. Arnautovic is a…
The parent company of melbourne builders Eight Homes and Urbanedge Homes has entered voluntary administration, telling its customers “all builders are facing unprecedented challenges” because of the rising cost of materials and labour. Steve Maher, CEO of Mahercorp, said the company entered voluntary administration on Friday afternoon in an email to clients, sighted by The…
The Kirribilli Club in sydney’s north shore has entered voluntary administration. The club appointed Hugh Armenis of SV Partners administrator on June 19. After an initial period of trading to “assess the status” of the club, it ceased trading on June 24. The ex-services club, with over 18,000 members, was founded in 1946, and boasts…
Dymocks will also ramp up its social and digital marketing, Newman said, adding that Booktopia’s announcement had already driven more traffic to its website. “It’s just about making sure we are still visible, present, and we’re there to serve any of those customers who choose to shop with us.” The average retail price of a…
April 1 2025, 4:45 pm | BY Ricki Green | No Comments GrowthOps, owned by Trimantium, has entered voluntary administration, placing all its businesses—including brisbane full-service agency Khemistry, sydney PR agency Forward and several others—into liquidation. According to sources, all operations have ceased, and staff have been stood down. GrowthOps, founded by Phillip Kingston,…
The Publican Group business was quietly placed into voluntary administration at the end of last year, after selling off all of its assets to Australian Venue Co. The Australian Securities and Investments Commission published that Richard Albarran, Cameron Shaw and Carl Huxtable of Chadwick Hall were appointed as administrators of the Publican Group in mid-December.…
