A sydney building firm has become the latest to join a long list of failed construction companies. Grover Constructions, a small residential builder in the Sydney metropolitan area, went into voluntary liquidation in September. Last week, a new liquidator was appointed, at the request of the firm’s largest creditor. The new appointee, Bradd Morelli of…
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By Wayne Robinson | 22 January 2024 Industry hardware and consumables supplier Starleaton is in voluntary administration, with Simon Cathro and Andrew Blundell of Cathro & Partners, sydney, now in charge. Starleaton in administration: Ben Eaton Creditors are invites to contact Cathro and Blundell to lodge claims for outstanding invoices, with a first meeting of…
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An Australian manufacturer, with sites in the US and Malaysia, has collapsed owing a staggering $29 million. The 60-year-old company, called Camatic Pty Ltd and trading as Camatic Seating, designed, manufactured and installed seating in stadiums, arenas, cinemas, theatres, educational institutions and transit areas around the world. On its website, the firm boasted it had…
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Update Tuesday July 16, 2024: Dion Lee is on sale with between 40 per cent and 80 per cent off the entire collection both in-store and online. Prices start as low at $19. Local designer label Dion Lee has entered voluntary administration, bowing to economic pressures. Antony Resnick of insolvency firm DVT has been appointed…
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The former tenant of Sydney venue The Taphouse has gone into liquidation with debts totalling almost half a million dollars while the property’s owner is currently seeking a new occupant for the award-winning craft beer bar. On May 23 at a general meeting of the members of the Taphouse Hotel Darlo Pty Ltd it was…
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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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The collapse of an Australian tech company has just taken another twist after staff received a letter from a government agency. Marketing and software company E-Mersion Media (Aust) Pty Ltd, headquartered in melbourne, collapsed into liquidation last month with debts of at least $13 million. All the company’s staff had been stood down by the…
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The melbourne Rebels’ bid to be part of the 2025 Super Rugby Pacific competition is over, with the franchise to play their last game of Super Rugby next month. In administration since January and owing in excess of $23 million, Rugby Australia has footed the bill for player and staff wages since, while also taking back…
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A former franchisee in a sydney burger chain has collapsed after a court ordered the venture to shut down due to tens of thousands of dollars in unpaid electricity bills. At the end of last month, the Victorian Supreme Court ordered Bass Hill Burger Pty Ltd into compulsory liquidation. Bass Hill Pty Ltd formerly operated…
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The owner of the Karen’s Diner restaurants, infamous for its staff being deliberately rude to customers, has gone under two years after the cheeky concept was born in sydney. Viral Ventures, which owned most but not all the Karen’s Diner restaurants, gave notice at a general company meeting on May 30 that it would be…
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