Maybe ASIC’s career bureaucrats should get out of the office and talk to a few insolvency specialists who are actually at the coalface. They say the figure is even less than what the ASIC report found. Stirling Horne, a partner at melbourne accountancy Lawler Draper Dillon, says: “For a company to go…
Developer Beulah International is reassuring buyers of progress at Australia’s tallest residential project, even as it seeks fresh debt and equity to keep the troubled $2.7 billion Sth Bnk development on track. Beulah on Tuesday put the Sth Bnk project management company into voluntary administration. On Wednesday it said it had started contacting purchasers and…
By BRETT LACKEY FOR DAILY MAIL AUSTRALIA and AAP Published: 15:31 AEDT, 30 April 2024 | Updated: 16:54 AEDT, 30 April 2024 Budget airline Bonza has collapsed into voluntary administration, with its leased planes repossessed and all schedule flights cancelled. Travellers were left stranded in airports across Australia on Tuesday morning as the carrier paused…
brisbane-based regional carrier Jetgo Australia has grounded its passenger services after entering into voluntary administration on Friday. The airline, with its fleet of five Embraer aircraft, flew regular passenger services to and from Brisbane and melbourne’s Essendon Airport to regional centres in the eastern states. Jetgo Australia went into voluntary administration on Friday.Credit: Robert Peet…
Western Australian pasta restaurant chain Pastacup has been placed into voluntary administration. Notice was given of the appointment of John Carrello and Mathieu Tribut of BRI Ferrier as administrators yesterday. Pastacup is a well-known brand in Western Australia and has 18 franchised stores across perth and regional Western Australia. The first Pastacup opened in Melville…
A South Australian civil engineering company involved in construction of perth’s $94.5 million Matagarup Bridge to Optus Stadium has gone into voluntary administration. Administrators Ferrier Hodgson said an urgent assessment of York Civil’s financial position and the status of its contracts was under way. “At this stage the company will continue work on the contracts…
Collapsed wave energy hopeful Carnegie Clean Energy had just over $3,000 cash in the bank when it called in the administrators last month. Key points: Carnegie went into administration in March after a cancelled wave energy contract The highest bid received for its solar microgrid company was $200,000 Administrators said the company could be salvaged…
Greenwich Build has gone into voluntary administration, leaving the Wakaden Street project stalled. Photo: Oliver Jacques. The sydney-based builder of an affordable housing development on Griffith’s Wakaden Street has gone into administration, leaving some local contractors unpaid for work already done. Not-for-Profit Argyle Housing was donated land by Griffith City Council to construct four two-storey,…
Property owners say they feel betrayed and have lost thousands of dollars after Victorian building company Watersun Homes was placed into voluntary administration. Rodgers Reidy in melbourne was appointed as administrator for Watersun Homes on Tuesday and said the company did not have the funds to continue trading. The insolvency firm said 90 full-time staff…
Australia’s largest glass maker, Oceania Glass, has collapsed following mounting losses and a failed bid to compete with cheap imports from China. Grant Thornton has been appointed as administrator of the company. A 169-year-old glass manufacturer, Oceania Glass plays a key role in Australia’s glass supply industry. The company specialises in float glass, coated glass…