A sydney store owner has lashed out at “society” in a brutal note after the “heartbreaking” collapse of her small business. Last week, a letter was taped to the front door of The Source Bulk Foods in leafy Crows Nest in the city’s north, informing customers that it had closed down. The Source Bulk Foods…
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After 14 fruitful, award-winning years, Glen Iris taproom and brewery Deeds will be wound down this week. Sibling business Future Proof Distilling, which operates from the same building, is also shuttering. Independent breweries around Australia are struggling. In the past 12 months at least a dozen have entered voluntary administration, including Big Shed in Adelaide,…
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A Victorian solar energy company has plunged into liquidation with debts of $3.8 million. Creditors voted to place G-Store into liquidation rather than have their debts wiped at a fraction of the cost on Friday afternoon. G-Store, headquartered in melbourne’s Malvern East and also with premises in regional Victoria in Warragul, specialised in installing custom…
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Another Western Australian construction company has collapsed blaming increased material costs and labour shortages as well as “distrust” amongst the business’ stakeholders. Modco Residential, owned by Yusuf Khan and Cynthia Lu, is a perth-based construction company specialising in building steel-framed homes and was launched in 2020. But the business entered voluntary administration on Monday. Modco…
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After a number of up and down years, print business sydney Allen Printers is in liquidation. Sydney Allen Printers was bought by Mark Shergill’s Focus Group in 2016 with the last remaining remnants of the business now in liquidation through BCR Advisory liquidator John Morgan. Anyone who has debts of claims on the company should…
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Australian inverter and battery company Redback Technologies is working to secure new investment after entering into voluntary administration this week. March 8, 2024 Bella Peacock
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Cade Lucas The possible liquidation of construction company Apex Homes could leave a Point Cook demolition business more than $20,000 out of pocket. melbourne Wide Demolition was last year hired by Apex to clear a property in Geelong ahead of construction of a new home beginning on the site. After completing the demolition work, the…
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RUMOUR CONFIRMED Last Friday, The Rumour File was alerted to a private hospital which had entered voluntary administration. It was confirmed this morning, with hospital management forced to cancel surgeries and move patients to other hospitals. Press PLAY to hear the full story on The Rumour File
DetailsBy BRETT LACKEY FOR DAILY MAIL AUSTRALIA Published: 19:24 AEDT, 26 July 2024 | Updated: 20:06 AEDT, 26 July 2024 Two Australian builders have collapsed leaving creditors more than $4.5million out of pocket – the latest in a wave of construction companies to go under. PPS Qld and PPS Commercial, based in Burleigh Heads on…
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A prominent Western Australian builder has issued an emotional statement as his company enters voluntary administration. Modco Residential, a construction company founded by glamour couple Cynthia Lu and Yusuf Khan, has appointed perth-based firm GTS Advisory to assist in navigating its unfolding collapse. Director Damien Clancy apologises that the company, which specialises in steel framed…
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