Another Australian building company is in trouble, with Victorian-based builders Harmac Group calling in administrators. The firm on Wednesday confirmed they have gone into voluntary administration, but deny they’ve collapsed, insisting they’ll work with administrators Cor Cordis in order to complete current contracts. The administrators will examine four subsidiaries under the Harmac umbrella, including; Harmac…
Details
The melbourne Rebels is expected to fall into voluntary administration as early as Thursday afternoon, adding to a long list of companies chaired by businessman Paul Docherty that have collapsed in the last two months. The Australian Financial Review revealed last month that the rugby union club had outstanding tax bills and stadium fees that…
Details
Rugby Australia is working with the debt-ridden melbourne Rebels to ensure they field a team in this year’s Super Rugby Pacific competition but has offered no guarantees beyond that. Key points: Embattled Super Rugby club Melbourne Rebels have entered voluntary administration just a month before the season kicks off The Rebels are believed to be…
Details
A popular Australian craft beer company has entered voluntary administration, but its founder has insisted “it’s business as usual” for the team. Hawker’s Beer, an independent brewing company based in Reservoir in melbourne, announced today it has appointed administrators “to help facilitate a financial restructuring of the business”. DBA Reconstruction and Advisory will oversee the…
Details
Bonza will ground its entire fleet until later this week pending discussions on whether the budget airline will be able to operate during its voluntary administration period. ASIC documents show the low-cost carrier, which was founded in late 2021 and only began flying last year, is now in external administration. Administrators Hall Chadwick said the…
Details
melbourne-based residential builder Kleev Homes Pty Ltd has been “wound up” this month, with liquidators appointed to dissolve the company. The decision to end the company was made at a general meeting of its members on July 5, according to a notice published by the Australian Securities and Investments Commission. Dozens of construction companies have…
Details
A popular Queensland independent craft beer brewery company has collapsed and gone into voluntary administration. brisbane-based Ballistic Beer Company entered voluntary administration on January 24, financial watchdog ASIC records confirmed. Jason Stone and Paul Allen from the accounting firm PKF in Brisbane have been appointed as administrators. Ballistic Beer Company has entered voluntary administration. (Supplied)…
Details
The Victorian-based outfit called in administrators on Wednesday, according to ASIC records, for four companies that make up the business: Deeds Group Pty Ltd, Deeds Brewing Company Pty Ltd, Future Proof Distilling Pty Ltd and Deeds Taproom Pty Ltd. It employs about 50 staff, whose futures now hinge on whether the brewery is able to…
Details
Popular Japanese restaurant Okami has placed more than a dozen of its venues into voluntary administration across the country. The all-you-can-eat restaurant said the effects of the pandemic combined with rising inflation led to a decline in sales. Impacted venues include eight in NSW, five in Victoria, two in the ACT and one in South…
Details
In short: Administrators for Bonza Aviation say they are “not in a position to process or issue refunds at this time”. They say the company’s aircraft have been grounded until Thursday. What’s next? The government says Qantas, Jetstar, and Virgin said they would bring stranded passengers home. Bonza’s aircraft fleet is grounded until at least…
Details