End user IT training provider TP3 Group has been liquidated after 30 years in business, with all staff losing their jobs though many have since been hired by a competitor. TP3 Group, which offered Microsoft and Adobe courses, was wound up by the Australian Taxation Office in December. A report from court-appointed liquidator Nicols &…
DetailsEmbattled real estate company McGrath Limited has delivered another blow to shareholders after the business cut its full-year guidance by 50 percent. McGrath Limited said one-off cash costs have brought the companys full-year guidance to between $5 and $5.5 million down from the $10.6 million to $11.6 million forecast in January. READ MORE: ‘Rogue economist’ defends…
DetailsCompany directors are dodging measures designed to stop abuse of the insolvency system so that they can avoid paying their creditors, new research suggests. Experts have expressed concern about the number of phoenix companies, which are created by directors after a firm is put into whats known as a pre-pack administration. In a pre-pack, a…
DetailsEmbattled property group McGrath Limited has cut its full year earnings guidance by half, saying the impact of reduced sales volumes has affected the company more significantly than previously contemplated. The company expects to generate underlying full-year earnings of between $5 million and $5.5 million, down from between $10.6 million and $11.6 million announced in…
DetailsKeystarts new chief executive Paul Graham hopes to expand the business by finding new and innovative ways to help more West Australians realise the dream of owning their home. Keystart is a State Government agency that provides residential loans to customers who satisfy rigorous serviceability criteria, but do not have enough initial savings for a…
DetailsA successful cyberattack can be devastating for small businesses, especially if their resources are limited because the fallout of the attack can range from financial losses to reputational damage. Its only a matter of time before small businesses are hit hard by an attack but there are things they can do to protect themselves, according…
DetailsSAN DIEGO (KGTV) – A local business owner is warning others about a phony debt restructuring company that he said cost him thousands of dollars. Hugh Herrera owns Pacific Beach Vinyl. “What we’re selling is music, which is one of the uplifting things of life,” Herrera said. A couple years ago, Herrera needed help managing…
DetailsSAN DIEGO (KGTV) – A local business owner is warning others about a phony debt restructuring company that he said cost him thousands of dollars. Hugh Herrera owns Pacific Beach Vinyl. “What we’re selling is music, which is one of the uplifting things of life,” Herrera said. A couple years ago, Herrera needed help managing…
DetailsLosing an hour of sleep for daylight saving time on Sunday morning likely wouldn’t have been as painful if Kansans and most Americans weren’t already in “sleep debt.” A new study from mattress review site Sleepopolis shows that you are probably owed some sleep. … Read the full article at: http://www.kansas.com/news/state/article204573254.html
DetailsBloomberg reported on Thursday that Toys ‘R’ Us is making preparations for a liquidation of its bankrupt US operations. The company has struggled to find a buyer or reach a debt-restructuring deal with lenders, leaving it with few options. It has insisted its Australian operations will not be affected by the insolvency. Claire’s Stores, another…
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