Melbourne advice firm enters liquidation

Troubled melbourne financial advice firm United Global Capital (UGC) has been put into liquidation by the Federal Court. ASIC said that creditors had resolved to wind up UGC, and David Stimpson of SV Partners has been appointed as a liquidator.  UGC withdrew its application regarding the cancellation of its Australian financial services licence, which was…

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Major food company The Essential Ingredient plunged into voluntary administration

A major Australian food and cooking supplies operator has gone into voluntary administration after almost four decades in business. The Essential Ingredient sells speciality ingredients, professional cookware, kitchen equipment, culinary books and more. It has been featured in Gourmet Traveller, Good Food, Broadsheet, The Australian Women’s Weekly, Country Style and on MasterChef. Know the news…

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Sydney restaurants A tavola, Palle meatballs, Flour Eggs Water collapse into liquidation

Beloved sydney pasta restaurant, A tavola, which traded for 15 years, has collapsed into liquidation along with five sister companies, sacking all staff and owing creditors hundreds of thousands of dollars. The other affected businesses are Flour Eggs Water Surry Hills and meatball restaurant Palle, which both traded out of Sydney’s Tramsheds development, along with…

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Virgin to honour passenger bookings after Rex goes into voluntary administration

Virgin Australia will honour the bookings of Rex passengers after the country’s third largest regional airline collapsed. Regional Express Holdings Limited went into voluntary administration on Tuesday evening, with the airline’s domestic fleet of Boeing 737 services now grounded. While flights between regional locations remain unaffected, flights between major domestic airports have been cancelled. Virgin…

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