Coatbridge decorating firm Orr closes after 40 years

Coatbridge-based decorating firm Andrew P Orr (Decorators) Limited has ceased trading. Gordon McIntyre and George Lafferty, insolvency practitioners with McLaren Insolvency, have been appointed joint provisional liquidators of the company, which traded as Orr Decorators. Founded 40 years ago, Orr Decorators had a turnover of nearly £3 million and employed 32 staff. The business provided…

Former Sargon Capital founder Phillip Kingston sold ute, golf membership before being declared bankrupt, court documents show

Nicole Tyson, counsel for Kingston’s trustee in bankruptcy, told the Federal Court last week that Kingston had further bank accounts and, potentially, assets in Hong Kong that required investigations to learn more about his financial position. The court heard the $151 million provided to the Sargon-associated company by the Chinese financier appeared to have been…

CBA to implement HECS debt lending assistance

The major has announced policy to help those with student debt access funding for home loans. The Commonwealth Bank of Australia (CBA) has introduced changes to how HECS-HELP debt is assessed, allowing better access to funding. Coming into effect tomorrow (9 April), CBA will no longer consider HECS debt if it is due to be…

Patients left ‘devastated’ as Canberra fully bulk-billed GP and allied health clinic enters voluntary administration

A fully bulk-billed GP and allied health clinic in Canberra’s south has closed its doors, making what it called a “deeply difficult and disappointing decision” to enter voluntary administration. The Interchange Health Co-operative (IHCO) in Tuggeranong, which had almost 5,000 patients on its books, went into administration after a board meeting yesterday. In a statement…