A Queensland family has been left reeling after learning that their $18,177 home deposit is in jeopardy because the building company has gone bust. Mum-of-two Ashley Wu, 38, and her husband, bought a vacant lot in Ipswich, 40km from the Brisbane CBD, in October last year. They planned to build a dual property for $363,500…
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Major Australian developer Bensons Property Group has entered voluntary administration, but says it will not impact any of the company’s current projects. The company has cited tough conditions in the construction sector has seen them go bust, including higher interest rates and increasing construction costs. Craig Shepard and Sebastian Ham of Korda Mentha have been…
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By STEPHEN JOHNSON, ECONOMICS REPORTER FOR DAILY MAIL AUSTRALIA Published: 14:57 AEDT, 13 February 2024 | Updated: 09:54 AEDT, 14 February 2024 An award-winning luxury apartment builder has gone into voluntary liquidation. Taskers Living Development Company went into voluntary liquidation on Monday. David Hurt, from WA Insolvency Solutions, said no creditors were owed money. ‘It’s…
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Experience ONE is a business name that does not exist according to ASIC records, but it has not stopped a Brisbane based custom installer Company who trade using the name, and whose executives have a questionable background running AV businesses, from cutting a deal with Winnings Appliances to sell security, home automation and custom install…
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An Australian fashion business has collapsed into administration as the owner reveals she’s been “stressed out for 7 years”. Constance Hall, a perth-based mummy blogger and influencer who runs online fashion business Queen The Label, shared the news on Facebook on Thursday night, revealing she’d been “dreading” it. “It’s broken my heart, I started the…
DetailsAfter 39 years in business, high-end fashion retailer Harrolds was placed into liquidation earlier this month with debts of $https://www.businessnewsaustralia.com/12.5 million, but a message on the company’s website has alluded to a possible resurrection of the business. Andrew MacNeill, of SMB Advisory, was appointed liquidator to four subsidiaries of the melbourne-based Harrolds Group on 3…
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Contents1 Key points:1.1 ‘Massive greed’ will send more builders broke2 Signs were there, home owner says2.1 Pivotal warns of industry insolvency2.2 Want more local news? About 300 home owners have been left with unfinished houses after a Queensland residential construction company collapsed, owing about $14 million. Key points: Affected home owners are being urged to seek…
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Australian Securities and Investments Commission data shows that in the nine months to the end of March, more than 2000 construction companies entered administration and represented the greatest number of company failures, accounting for nearly 27.7 per cent in that period. According to now-deleted content on Bensons’ website, one of its core values is integrity,…
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Above: Kingman were major winners at the 2022 HP ASGA Awards With more than 100 years of sign writing history, the most awarded sign company in Australia was liquidated within days. Administrators for WA-based signage company, Kingman Signs, recommended liquidation at the second creditors meeting scheduled held on 5 March. Kingman Signs operated for almost…
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A luxury building company based in Brisbane is the latest causality in the construction industry as it collapsed owing almost $2 million. The company, which specialised in luxury home renovations of inner-city homes, was called Art Struct and had been operating since 2006 before it went into administration. insolvency expert Jarvis Archer from Revive Financial…
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