Yet another construction company has collapsed with perth builder City Residence Pty LTD going into liquidation. Peter Malone from CRS Insolvency Services was appointed liquidator on Wednesday after a company meeting resolved City Residence should be wound up. The company was yet to complete 13 residential building projects despite the liquidation. Perth builder City Residence…
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Fashion chain Topshop has closed its perth store, less than three years after opening in the Murray Street mall. Pictures taken at the weekend showed the store boarded up, with advertisements for Carillon City. The retailer was placed in voluntary administration in May because of rising debts. The Perth store is one of five across…
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perth commercial builder Mercedes Construction has tumbled into liquidation after moving to wind up its operations. It comes two months after Mercedes Construction’s sole director Adrian Gagiero voluntarily appointed administrator Ross Thomson from Bankruptcy Advisory Centre. A filing with the corporate regulator reveals Mercedes Construction passed a special resolution to voluntarily wind up its operations at a…
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Jeanswest’s administrators have confirmed which of its stores will be shuttering after the retailer went under last week. It has been announced 263 employees would be made redundant, and 37 shops would be closed. In NSW, Blacktown, Castle Towers, Charlestown, East Gardens, Kotara, Lismore, Macarthur, Miranda, Shellharbour, Singleton, Tweed City and Wetherill Park stores will…
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The Kelly Slater Wave Company has suffered a major setback in its first artificial wave arena project. The investment proposed for the gold coast is suspended by the announcement that LM Investments has been placed into voluntary administration. The fund manager governing $3 billion is under investigation by the Australian Securities and Investments Commission for…
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Australia’s third-largest airline has gone into voluntary administration and cancelled flights on some of its routes. Rex Airlines specialises in flying to dozens of smaller regional towns and cities across the country – many of which are not serviced by larger rivals Qantas and Virgin Australia. Trading in Rex shares was halted earlier this week…
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Customers of Australian regional carrier JetGo have been told to contact their credit card companies after the airline grounded regular passenger services and entered voluntary administration. The airline announced June 1 it had appointed McLeod and Partners as administrators and that all operations had been “temporarily suspended”. It advised customers to contact their credit card…
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Prominent perth hospitality and tourism operator The Prendiville Group has confirmed the purchase of bustling inner-city pub The brisbane Hotel after its previous owner went into voluntary administration. The family-run company added another iconic pub to its portfolio with the purchase of the hip watering hole on the corner of Beaufort and Brisbane streets after prominent…
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SMB Advisory was appointed as liquidator on October 3, but met with Harrolds management in May, when it determined that a “liquidation scenario was the likely path forward”. Loading “I confirm that my investigations into the affairs of the Harrolds Group will include whether it traded whilst insolvent and whether the liquidator has a resulting…
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Rork Projects’ John Paul Janke, front left, and Brian O’Rourke, front right, with staff. The company has been operating for 26 years. Photo: Rork Projects. Another building company with ACT connections has fallen to the conditions plaguing the industry. Rork Projects – Australia’s leading Indigenous construction company specialising in construction management, fit out and refurbishment…
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