Administrators are trying to work out what caused the financial collapse of a NSW north coast baby carrier company. The directors of Hug-a-Bub Australia Pty Ltd, based at Byron Bay, put the company into voluntary administration on Monday. Founded 15 years ago by two mums, the company made organic baby carriers, wraps and slings.…
DetailsAgriculture and animal husbandry, industry (production) and real estate are the main fields affected by insolvency in the first half of 2016, according to an analysis by Casa de Insolventa Transilvania (CITR) on companies of impact in the economy (companies with fixed assets exceeding EUR 1 million). In the same period of 2015 the main…
DetailsCablePrice in Whangarei has lost a bid to liquidate Taimona Haulage. Photo / Michael Cunningham A Whangarei company which tried to liquidate another commercial entity over an unpaid bill not only failed in its bid but also had costs awarded against it. CablePrice in Whangarei applied to the High Court at Whangarei under the Companies…
DetailsDisruption to strategies and operating models is seeing a growing number of incumbents finding themselves in stress and crisis, as disruptive players leveraging technology are transforming business models and client relationships. According to a new study, the trend is sparking an increased demand for restructuring services and Chief Restructuring Officers to redesigns and crisis situations. The current period is one of…
DetailsCablePrice in Whangarei has lost a bid to liquidate Taimona Haulage. Photo / Michael Cunningham A Whangarei company which tried to liquidate another commercial entity over an unpaid bill not only failed in its bid but also had costs awarded against it. CablePrice in Whangarei applied to the High Court at Whangarei under the Companies…
DetailsTHE maker of a child sling described as the Mercedes of Baby Carriers has gone into voluntary administration due to mounting debts. Byron Bay based Hug-a-Bub, which makes baby carriers, slings and wraps was forced to call in administrators on Monday after it was declared insolvent. The company was established 15 years ago by mother-of-five…
DetailsThe company behind the popular baby sling brand, Hug-a-Bub, has collapsed into voluntary administration. Hug-a-bub Australia Pty Ltd, which was incorporated in 2001, has temporarily ceased trading and is not currently taking orders, after appointing Brendan Nixon of Stanley Morgan Accountants as voluntary administrator on June 13. The New South Wales-based company, which was founded…
DetailsComments (0) BARNSTAPLE is to lose its BHS store after the company announced it was going into liquidation. It brings to an end a turbulent few months for staff at the Green Lanes store, who have been left in limbo after the company went into administration in April. Philip Duffy and Benjamin Wiles, managing directors of…
Details16 June 2016 Lara Bullock View Comments A partner from Australian law firm Henry Davis York has been appointed to the board of the International Insolvency Institute (III). Corporate insolvency and restructuring lawyer John Martin (pictured) is now a board member for the non-profit, invitation-only, global association. The III is dedicated to improving international…
DetailsShutterstock / Olivier Le Queinec It’s called FOMO; the Fear Of Missing Out. It’s the number one reason you think you have to buy a home right now. And guess what: the real estate agents know it. They talk about building equity, and tell you about clients who sold at prices way above asking, with…
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