Struggling buying group Leading Edge has been placed into administration, with suppliers notified by letter earlier today, ChannelNews can exclusively reveal.
According to the correspondence, the Board of Leading Edge Group resolved at a recent board meeting to appoint Henry McKenna of Vincents as administrator after the company was unable to meet its debt obligations.
The NSW based operation is believed to owe millions, despite multiple suppliers having already placed the group on credit hold.
The collapse comes just weeks after ChannelNews exclusively revealed that the Company’s liabilities stood at $28.26 million as of 30 June 2025, including borrowings of $5.05 million and a $570,000 tax liability under a funding…