Ballistic Beer Co enters voluntary administration as independent craft brewery searches for survival plan

Independent craft brewery Ballistic Beer Co has called in the administrators, as the award-winning Queensland company attempts to restructure its operations. As first reported by The Crafty Pint, Ballistic Beer Co, based in Salisbury, Queensland, this week appointed administrators from PKF melbourne to handle its affairs. A notice published by the Australian Securities and Investment…

Locals react to Brisbane company collapse, Ballistic Beer Company going into administration

Australians have reacted with shock and confusion to the news that a beloved beer brewing company has collapsed into administration. On Tuesday, brisbane’s popular Ballistic Beer Company went into voluntary administration, according to a filing lodged with ASIC. The firm, which is one of Queensland’s best-known independent brewing companies, has appointed Jason Stone and Paul…

Good Group, restaurants in Sydney, Melbourne and Canberra, enters voluntary administration

The future of a company that owns high-end steakhouse Botswana Butchery and Asian restaurant chain White & Wong is uncertain, after an external administrator was appointed. New Zealand company Good Group announced its restaurants in sydney, melbourne and Canberra were in voluntary administration. BDO Australia, appointed as administrators, said Botswana Butchery restaurants were tradings as…

Virgin Australia owes almost $7b to more than 12,000 creditors

Several “high-quality” parties have expressed an interest in taking over Virgin Australia, the administrators have revealed, as 1,300 of the airline’s creditors and observers including financiers, employees, unions and bondholders met via video link. Key points: Virgin Australia entered voluntary administration on April 21 owing almost $7 billion to more than 12,000 creditors Already several…