In short: There is uncertainty about which of St Hilliers’ construction projects will resume after the company went into administration. It owes up to $10 million to subcontractors and suppliers and potentially up to another $20 million in other debt. What’s next? The administrators have asked for a three-month extension before the next creditors meeting. The…
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A bride-to-be has revealed her ‘disappointment’ over being left without a wedding dress after popular sydney-based designer Johanna Johnson had her empire pushed into liquidation for owing more than $1 million to the Tax Office. Georgia Slade, 30, said she fell in love with the brand after seeing actor Zoe Ventura’s donning a Johanna Johnson…
DetailsSouth Australia’s Beston Global Food Company (ASX: BFC) has been placed into voluntary administration in the latest blow to the Australian dairy sector, with the company blaming “exceptionally high operating costs” mostly from “onerous energy prices” as one of the reasons to call in the corporate doctors. The appointment comes a little over two weeks…
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A number of customers took to Fenton & Fenton’s most recent Facebook post to query whether they would be refunded for their orders or outstanding credit. Fenton & Fenton was posting on social media as recently as Monday. It appears comments have been disabled on its Instagram account. Nikitins said the business, which he described…
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“Ten’s announcement today that it will enter voluntary administration is a wake-up call to opponents of media reform.”: Minister for Communications and the Arts, Mitch Fifield.Credit: Alex Ellinghausen During this period, operations would continue “as much as possible on a business as usual basis”. Viewers are unlikely to notice any immediate change to broadcasting and…
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Struggling up-market Australian accessories label Oroton has gone into voluntary administration. The news comes after Lover announced on Monday it too had gone under. The 79-year-old handbag retailer has seen a few years of slumping sales resulting in a $14.2 million loss last year. The company announced this morning that after an eight-month review it…
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A New South Wales bus manufacturer looks set to close after laying off more than 120 staff this week, with their union laying blame on the State Government’s decision to buy vehicles overseas. Key points: Custom Bus manufactures and assembles mass transport buses and coaches and has built some of the vehicles on the road…
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One of Australia’s biggest battery technology hopefuls, Redflow, has been placed into voluntary administration in yet another blow to the country’s green industry ambitions. The brisbane-based company has been working for more than a decade on its flow battery technology – which has the advantage of longer duration and zero fire risk – but has…
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The owners of sydney‘s Cross City Tunnel are blaming the New South Wales Government for the company having to be placed in voluntary administration. Cross City Motorway, which is owned by the Royal Bank of Scotland, EISER Infrastructure and Leighton Contractors, was placed in voluntary administration on Friday. It could soon be the second time…
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The fashion brands David Lawrence and Marcs have been placed in voluntary administration. Administrator Rodgers Reidy’s director, Geoffrey Reidy, said the two brands would continue to trade while his team reviewed their operations before a planned sale of the businesses. The sole director of the companies operating the labels, Malcolm Webster, says it has been…
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