SME owner opens up after personal training business enters liquidation: “For the first time ever I raised the white flag”

A small business owner has opened up about the difficulties of managing cashflow in a growing business, after his personal training company Rapid Personal Training entered liquidation yesterday. Insolvency firm Hogan and Sprowles has been appointed to manage the liquidation of Rapid PT, which employs three full-time staff and 17 contractors, and has seven locations spread across sydney and…

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Jenny Craig’s Australian and New Zealand operations enter voluntary administration | Australia news

Weight loss giant Jenny Craig’s Australian and New Zealand operations have gone into voluntary administration. The melbourne-founded business last week filed for bankruptcy in the US, closing its North American corporate offices and stopping operations. A representative at the time said the decision would not affect local services but FTI Consulting was appointed to lead…

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Mountain Culture acquires Fox Friday

Independent craft brewery, Mountain Culture, has acquired Fox Friday Brewing and its associated entities. Fox Friday went into voluntary administration in mid-April. Fox Friday was based in Hobart, Tasmania, and had three taprooms – Hobart, melbourne, and perth – and Moonah Hotel and Cellars, and Carwyn Cellars. On Instagram, the co-owners, Benn and Sarah Hooper,…

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Staff, taxpayers out of pocket in restaurant fails

TWO of the gold coast’s most acclaimed eateries owe $40,000 superannuation to 44 staff who may never get it back. Documents lodged with the corporate regulator also show they owed $717,352 in tax, $17,000 to American Express and that the companies loaned almost $200,000 to a related company before they went into liquidation last week.…

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