melbourne-based consumer electronics vendor Kaiser Baas has entered liquidation, seven months after selling the brand to New Zealand distributor Exeed. The company, best-known for its consumer drones and action cameras, appointed Romanis Cant as liquidators on 17 May with at least $3.8 million in debts. In December 2017, Exeed acquired the Kaiser Baas brand, including…
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KPMG has been appointed as the administrator to the ‘luxury’ aged care provider, which has two facilities in inner-perth – one in Subiaco (pictured) and the other in Como. As we reported here in July 2017, Berrington’s new $60M luxury facility in Como (7km from the CBD), has a maximum RAD of $895,000 for a…
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A melbourne electrical company has folded into voluntary administration following a wind-up order from the Australian Tax Office. Dandenong-based Impressive Electrical appointed Gess Rambaldi and Andrew Yeo of Pitcher Partners as administrators of the company on June 18. The collapse comes after the ATO’s recent spate of wind-up orders saw the tax office issue…
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Award-winning publican Geoff Hayward has put his company Capital Management into voluntary liquidation as he exits the pub game. Hayward bought the brisbane Hotel 15 years’ ago with investor partners, executing a big-budget transformation of the tired pub and positioning it to become a hub of perth’s burgeoning dining scene, the portfolio coming to include…
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An ABC investigation into the activities of a number of business advisers, who help companies avoid paying millions of dollars in tax — and money owed to small mum-and-dad businesses — has uncovered a raft of potentially illegal transactions that are now the subject of investigation by ASIC and the Australian Tax Office (ATO). Key…
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Jeanswest’s Australia arm is the latest retailer to enter voluntary administration. The casual and maternity clothing company, founded by
Detailssydney commercial print business Reactiv is in liquidation with owner Kingsley Moore saying its demise was mainly due to financial problems inherited during the 2015 takeover of another Sydney printer as well as his own health problems in the last 12 months. Reactiv, based in Sydney’s Rydalmere, started in October 2015 when Moore took over…
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In October perth Fashion Festival offered creditors 25 cents in the dollar or full repayment over six years. Creditors were told if they did not accept the arrangement, they would receive nothing because the company would go into liquidation. Perth Fashion Festival was managed by Perth Fashion Festival Pty Ltd for 20 years until it…
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A firm of business advisers accused of helping company directors hide cash and assets from creditors and the tax office has gone into liquidation, raising questions over whether the firm’s activities will ever be properly investigated by government agencies. The firm, melbourne-based SMEs R Us, was one of a number of “pre-insolvency advisers” identified by…
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brisbane’s food and drink scene was rocked late last week by the closure of Mercado. The gourmet retailer had barely lasted six months after opening in November with designs on being Brisbane’s 1500 square metre answer to Harrods Food Hall in London and Italy’s Eataly. A sign in the window of the King Street retailer…
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