Creative agency Wonderkarma, with offices in Brisbane and Vanuatu, has gone into liquidation. Declan Lane and Simon Cathro of Cathro and Partners have been appointed liquidators, according to documents lodged with corporate regulator ASIC. A meeting of shareholders approved the voluntary winding up January 31. Clients include Aurizon, Australia’s largest rail freight operator, and the…
Details
Aussie denim giant Jeanswest has fallen into voluntary administration, the brand announced on Wednesday afternoon. It comes as retail company Harris Scarfe closes 21 stores across the country and women’s fashion brand Bardot goes into voluntary administration. Christ. Not to mention, EB Games is also closing down 19 “unprofitable” stores at the end of January. [jwplayer hQMXSVxn] Jeanswest…
Details
A popular inner brisbane restaurant has entered liquidation after its two owners were disqualified from running companies by ASIC over their other failed companies. The federal court ordered Italian eatery Eterna to enter liquidation last week after the Australian Taxation Office applied to wind up the company. Professional services firm Vincents’ restructuring and recovery director…
Details
Top melbourne restaurant Calia Australia will forever close its doors after going into liquidation. The business submitted a notice to wind up the company to the Australian Securities Investment Commission (ASIC) on Monday, less than two weeks after informing staff they would be out of a job via email. The beloved venue in Melbourne went…
Details
The president of sydney Olympic Football Club and owner of a major crane company has been accused of being party to a decades-long scheme that defrauded the Tax Office of almost $100 million. Insolvency Options liquidator Darren Vardy is suing Titan Cranes and its owner Damon Hanlin for $65 million for breaching director duties due…
Details
Aussie Plant Based Co has been acquired by fellow Australian food company Smart Foods, just days after facing liquidation. Owner of plant-based brands Veef and LoveBuds, Aussie Plant Based Co was reported to have entered liquidation last week due to cash flow challenges stemming from rising prices, rapid expansion and supply chain disruptions. The company…
DetailsLUXURY sydney boat company Andrew Short Marine has gone into liquidation — just days before the second anniversary of its founder and namesake’s death in a yachting accident. A devastated Matthew Short, who took charge of the family firm following the death of his brother Andrew in 2009, confirmed the company was no longer trading…
Details
The company offered two-week overseas study trips that promised to deliver “unforgettable” STEAM education, including tours of NASA’s Johnson Space Centre in Houston, Texas, and astronaut training that included simulated and “immersive space missions”. It also offered ocean school expeditions to the Great Barrier Reef. Actura immediately cancelled all its international space and ocean camp…
Details
The CEO of a charity that made a $5.2million loss has been slammed for taking three staff on a 12,000km trip to Africa to lecture women on business. gold coast-based charity FSG Australia, a freedom and social justice group, travelled to Zambia, Africa, in September after recording the multi-million dollar deficit. The charity entered voluntary…
Details
In the last twelve months 26 Western Australian builders have collapsed, that follows 27 in the year before that. Wayne adds his name to that list, after making the tough decision to put his commercial building company into voluntary liquidation. He set up his company in 2005 and at one stage had 17 staff and now he’s…
Details