Blockchain technology company, Everledger, has gone into voluntary administration after expected investor funding failed to materialise. Everledger was founded in 2015 by former Queensland chief entrepreneur,
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One of Australia’s oldest craft breweries has gone into administration as the horror year for independent beer producers continues. The Grand Ridge Brewing Company, a small beer maker based in the Strzelecki Ranges Victoria’s Gippsland region, called in administrators on March 25, it announced today. The company employs 10 people, and administrators Richard Lawrence and…
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THE failed real estate venture of Ocean Grove entrepreneur Taylor Dow owes more than $280,000 to creditors, according to ASIC documents. Documents lodged with the corporate watchdog reveal the Taylor Dow Property Group owes $29,000 to melbourne-based developer SMA Projects and $27,500 to Queensland-based Property Solutions. More than $66,600 is owed to the Australian Taxation…
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Casino insiders claim The Star Entertainment Group is headed for liquidation because administrators won’t see the value in keeping it running. The Star is racing the clock to find a financial lifeline or risk liquidation and the potential loss of 8000 jobs across its sydney, brisbane and gold coast casinos. Industry insiders have told this…
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Another building firm has joined a long list of casualties in the sector after it went into voluntary liquidation. Last Friday, Brisbane-based residential builder Pantha Homes Pty Ltd collapsed. Then this Tuesday, a notice was put out about its liquidation status. William Roland Robson of Robson Cotter insolvency Group has been appointed as the liquidator.…
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Numerous entities affiliated with failed neobank Volt have entered solvent liquidation with expectations all creditors will be paid in full over the course of a wind-down process that could take another year. Founded in 20https://www.businessnewsaustralia.com/17, Volt rose to prominence as one of several challenger banks promising better customer service based on the underpinnings of advanced financial…
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A former fitness training provider that operated for 30 years has entered voluntary administration, following an application from the Australian Tax Office to wind up the companies. Based in Queensland, the Fitlink Group was established in 1985 and provided fitness education and training as well as a labour hire business in the health and…
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THE administrator of Linc Energy would like to strike a deal which would let the stricken firm stay afloat. PPB Advisory’s Grant Sparks said that he hopes a deed of company arrangement can be approved by creditors next month. Creditors held the their first meeting in brisbane today, where they learned that Sparks has advertised…
DetailsBy STEVE WILLIAMS FOR DAILY MAIL AUSTRALIA Published: 10:58 AEDT, 24 July 2024 | Updated: 11:06 AEDT, 24 July 2024 A multi-million dollar start-up that provided its services to well-known media outlets has collapsed owing $1.3million to creditors. melbourne-based Oovvuu plunged into liquidation in May despite investors pouring $8.5million into the company since its launch…
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The Star hospitality operations in Queensland and NSW – including its hotel, restaurant and bars tenants – face an uncertain future if casino operator enters voluntary administration or has its administration enforced over poor financial results. “All bets are off,” said one hospitality operator insider if its landlord, The Star sydney, goes under. “It’s not…
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