“I am not going to be too hard on my former management,” he wrote on Instagram. “They spread themselves too thin trying to support their people, and stuffed up the numbers.” Not all of Ivanoff’s clients were so forgiving. Greg Larsen signed on with the company just a month ago: “Since Junkyard went insolvent, a…
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Doughnut Time is going into liquidation — despite its new chief executive saying he would buy the company and “turn it around”. Its workers, who are owed an estimated $200,000 in unpaid wages, have also been kept in the dark. None of the workers were told by the company’s senior leadership that it had gone…
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Cubitt’s Granny Flats and Home Extensions, an affordable housing company that has been operating in NSW and ACT for the past 30 years, has been placed into voluntary administration with debts of about $3.8 million. Directors of the family-owned company have appointed Richard Stone and Brett Lord from RSM Australia Partners as administrators following an ‘emotional’ meeting…
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A hospitality group operating popular New Zealand-founded restaurants Botswana Butchery and White + Wong’s will close its Australian eateries. Hospitality business Good Group Australia was thrust into voluntary administration on March 31, impacting the Botswana Butchery chain and three other Asian restaurants across the Tasman. New Zealand operations at Good Group are not affected. The…
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melbourne-based fine-dining establishment Woodland House has closed its doors for good, with the business entering liquidation yesterday after five years in operation. The Prahran business was founded by chefs Hayden McFarland and Thomas Woods, who took over the site of one of Melbourne’s most revered and well-loved restaurants Jacques Reymond. The restaurant had received a number…
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Virgin Australia’s CEO says no further redundancies have been planned as a result of the airline’s move into voluntary administration on Tuesday morning. Airline boss Paul Scurrah said the development would not have an immediate impact on its operations. Virgin Australia CEO Paul Scurrah. Source: AAP “We have not changed anything in respect to the operations or the…
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Disgraced wedding dress designer Johanna Johnson is back at work in a new studio across the road from sydney‘s glamorous Bondi Beach despite the company registered in her name being in liquidation. It all came crashing down for the designer last year after Johanna Johnson Pty Ltd went into administration, leaving a huge question mark…
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Calia Australia has officially gone into liquidation, less than two weeks after staff at the top Japanese restaurant were told they wouldn’t have a job in the new year. The business, which had stores in
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Australian Brewers Guild Pty Ltd trading as “Hawkers Beer” (Hawkers) has announced they have appointed an administrator to help facilitate a financial restructuring of the business. Hawkers is one of melbourne’s largest manufacturer and distributor of craft beers, based in Reservoir. DBA Reconstruction & Advisory as Administrator is supporting the continued operation of Hawkers, so…
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Italian restaurant chain Criniti’s has collapsed into voluntary administration as high overheads and low consumer spending wreak havoc on the group’s bottom line. Following a meeting on Monday, the Directors of Criniti Restaurant Group appointed Worrells Solvency and Forensic Accountants as administrators. The Criniti Group currently operates 13 venues in sydney, melbourne, perth and brisbane.…
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