Australia’s diamond industry faces an unlikely future as the company behind one of the few remaining projects in the country announces it has gone into voluntary administration. The company that owns the Merlin diamond mine in the Northern Territory on Friday said administrators were now in control of operations. In 2021, the ASX-listed Lucapa Diamond…
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Up 200 people have been sacked as a Brisbane-based transport and logistics company has brought in voluntary administrators after 35 years in business. XL Express appointed FTI Consulting to conduct an “urgent assessment” of the company’s viability on Friday. SkyNews.com.au understands the vast majority of XL Express’ 200 employees were stood down prior to FTI…
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Tech company in administration PREDICTIVE intelligence software producer Veriluma — which has a tech hub at Robina — has been placed into voluntary administration.The company, which listed last year via the reverse takeover of mining junior Parmelia Resources, released a statement to the ASX saying Jamieson Louttit, of Jamieson Louttit, has been appointed administrator. Continue…
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A Victorian builder of almost 50 years has entered liquidation, owing creditors more than $10 million. Family-owned Langford Jones Homes, which builds homes in melbourne’s bayside, southeast and Phillip Island, ceased trading last Thursday. There are about 65 building developments at various stages of completion, with more than 250 creditors owed more than $10 million,…
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After months of rumours and grumbling from unpaid suppliers, pioneering melbourne digital print business On Demand has collapsed and is in liquidation – but not before ‘licencing’ its name and kit to a company with Con Maniatis, one of On Demand’s managers, as its director. ProPrint points out that On Demand has no connection whatsoever…
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Tradies have stopped work on sites run by one of Australia’s biggest building firms, Probuild, as the company confirms administrators have been appointed. Probuild is managing at least a dozen major builds across Victoria, NSW, Queensland and Western Australia. The company builds offices, residential projects, and shopping centres, and was responsible for the expansion of…
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Beleaguered melbourne based home builder GJC Builders which was subject to numerous legal cases with the Victorian construction regulator has failed and owes a range of creditors more than half a million dollars. GJC Builders, based in the south-eastern Melbourne suburb of Cranbourne was placed into liquidation in late July, with ASIC documents showing the…
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By MAX ALDRED FOR DAILY MAIL AUSTRALIA Published: 09:08 AEST, 13 July 2025 | Updated: 11:39 AEST, 13 July 2025 A south-east
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Queensland brewing company Ballistic Beer Co has been put on ice as it enters voluntary administration, hoping a major restructure will help better the balance sheet. However, the company is still making its popular, award-winning products during the process. WATCH THE VIDEO ABOVE: New push for sugar tax for soft drink addicted Australians. Know the…
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Published Wed, Jul 31, 2024 · 06:31 AM THE Australian regional airline Rex named an outside administrator on Wednesday to oversee its troubled finances and canceled all flights between major cities. Australia’s third largest carrier said it has picked Ernst & Young Australia for help in this process called voluntary administration and would keep flying…
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