Australian battery manufacturer Redflow has entered voluntary administration after failing to secure capital to upscale its X10 battery for larger projects. August 23, 2024 Ev Foley From pv magazine Australia Redflow, a brisbane-based zinc-bromine flow battery producer, has entered into voluntary administration after failing to secure capital to scale up its X10 battery to target…
Details
The director of a failed building company has not been contactable for months, all while the liquidator claims she pocketed $861,000 of the business’s funds prior to its collapse. News.com.au can reveal that in May, sydney-based Workspace One Pty Ltd went into liquidation with liabilities of $845,000. The construction firm specialised in refurbishing office spaces…
Details
High profile drone maker Swoop Aero has entered voluntary administration, one of its founders, Eric Peck announced today. The administrators are BPS Reconstruction and Recovery in melbourne, and were appointed on October 14, for Swoop Aero associate company Kookaburra Aerospace as well. “This was a strategic decision made by our board to protect the long-term interests…
Details
A company linked to a major Australian builder is on the brink of possible collapse over a $22 million unpaid tax debt. Last Friday, the Deputy Commissioner of Taxation took a building related company called ACN 152 259 839 Pty Ltd to the Federal Court calling for the business to be wound up on the…
Details
The family company of late Gold Coast theme park developer Keith Williams has collapsed into the hands of liquidators after his cyclone-battered Port Hinchinbrook resort in north Queensland failed to sell. Creditors, including Mr Williams’ son Ben Williams, voted to wind up Williams Corporation at a meeting in Brisbane on Wednesday. Boats lay strewn around…
Details
A $21m hearing healthcare company has gone bust, blaming a fallout with a key supplier for its woes. ASX-listed Nuheara Limited, which specialises in a wireless earbud that allows customers to augment their hearing, announced its move into voluntary administration late on Wednesday afternoon, appointing KPMG administrators to take control of the firm. “The decision…
Details
Customers of a collapsed building firm have been left fuming after airing out their concerns to the master franchisor months ago but being turned away. Last Friday, news.com.au reported that Western Australia-based RPH Australia Pty Ltd with the trading name GJ Gardner perth West had gone into liquidation. The exact amount of its liabilities remains…
Details
Executive Director Jarrod Carland puts the company into administration, leaving artists little hope of payment. The directors of the troubled Brisbane Baroque festival have put the company into voluntary administration as of January 16 due to “concerns over the ability of the company to meet its obligations,” according to a statement issued last night. The…
Details
When Rex expanded its operations into the Golden Triangle routes between sydney, melbourne and brisbane, it knew it was an ambitious plan. But if the risk paid off, the financial windfall would be considerable. The Sydney-Melbourne route is one of the most lucrative in the world and delivers our two biggest airlines, Qantas and Virgin,…
Details
A tradie business has finally collapsed weeks after brutally sacking all its staff right before Christmas. News.com.au can reveal that on Wednesday morning, the Federal Court’s NSW division ordered Joinery Manufacturing Solutions Pty Ltd to go into liquidation over an unpaid tax debt. Tristana Steedman of insolvency firm RSM Partners has been appointed as the…
Details