An Australian company has collapsed leaving a trail of creditors owed more than $900,000, including up to 20 customers who had paid deposits but never had the work done. melbourne (Wholesale) Roller Shutters went into liquidation in March with 41 unsecured credits left out of pocket by $908,000, according to an initial report from liquidators…
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Hannah Hammoud Less than 15 months after the multi-million dollar Sunshine Private Hospital was officially unveiled, the hospital is now closed and has entered into voluntary administration. ABC Radio melbourne reported on May 28, that the Sunshine Private Hospital was cancelling surgeries and relocating patients as it was placed into voluntary administration. Health Worker Union…
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By BRETT LACKEY FOR DAILY MAIL AUSTRALIA Published: 15:04 AEDT, 7 February 2024 | Updated: 19:51 AEDT, 7 February 2024 A popular
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The sun has set on another Australian craft brewery, with Subiaco’s Golden West Brewing Co. having poured its last beer. The brewer originally founded by five school mates as Modular Brewing in a former garage in Leederville opened the 400-capacity western suburbs brewpub on December 22, 2021. On Wednesday, Golden West went into voluntary administration…
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A popular brewery is going into liquidation and shutting down forever after it couldn’t scrape its way out of a financial black hole. Overnight, Victorian-based Deeds Brewing announced to its 23,000 followers that the venue had made the “difficult decision” to wind up the business after failing to find a buyer. The “proudly independent” and…
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sydney– Regional Express (Rex), Australia’s third-largest airline, has entered voluntary administration, grounding all flights between capital cities. The decision follows an emergency board meeting on Tuesday evening (July 30, 2024), marking a significant disruption in Australia’s aviation sector. Photo: By Robert Myers (CC-BY-SA 3.0 AU), CC BY-SA 3.0 au, https://commons.wikimedia.org/w/index.php?curid=99464793 Rex Voluntary Administration The airline…
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Calypso Destinations fell over with $2.3 million in unsecured creditors including Tyler himself, who is listed as claiming $924,000 in “loans to the company” that he made. The liquidator’s report said Tyler may have a defence against insolvent trading claims because of advances made to the company that were under continuing investigation. Tyler declined to…
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Air Vanuatu has cancelled all its international flights, including those to and from Australia, as its government decides whether to place it into administration. The Pacific carrier’s website shows that six flights between sydney and Port Vila between yesterday and Saturday have been cancelled, while the same number of services in and out of brisbane…
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The owner of a once-popular restaurant in melbourne says that business is so bad across the industry that he is considering throwing in the towel for good. “I’m deciding in the next 48 hours if I liquidate,” the restaurateur, James*, who wished to remain anonymous so as not to impede the possible sale of his…
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Black Hops Brewing has been saved from liquidation, with a consortium of existing shareholders and other fans of the brewery stepping in to acquire it. It was announced in early April that the gold coast-based brewery had entered into voluntary administration, with Deloitte Turnaround & Restructuring heading up the financial restructuring. Up until last week,…
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