GrowthOps Australia enters voluntary administration GrowthOps Australia, the marketing and technology group formed through an eight-way merger in late 2017, has entered voluntary administration. The company, which acquired several agencies including AJF Partnerships, 3wks, and Voodoo Creative, has appointed Katherine Sozou and Damien Pasfield of McGrathNicol as liquidators. The company’s directors have decided to voluntarily…
Fox Creek Wines in McLaren Vale has gone into voluntary administration. KPMG Australia’s Tim Mableson and David Kidman have been appointed as voluntary administrators. They have assumed day-to-day control of the operations and will continue trading on a business-as-usual basis while a restructuring plan is developed for creditors’ consideration. Tim Mableson, Turnaround & Restructuring Partner,…
GrowthOps Australia enters voluntary administration GrowthOps Australia, the marketing and technology group formed through an eight-way merger in late 2017, has entered voluntary administration. The company, which acquired several agencies including AJF Partnerships, 3wks, and Voodoo Creative, has appointed Katherine Sozou and Damien Pasfield of McGrathNicol as liquidators. The company’s directors have decided to voluntarily…
Andrew P Orr (Decorators), founded 40 years ago and based in Coatbridge in Lanarkshire, had a turnover of nearly £3 million and employed 32 staff. The business, which the joint provisional liquidators noted provided a wide range of painting and decorating and related services including expertise in environmentally friendly coatings and finishes, experienced “significant cashflow…
AHMEDABAD: A 17-year-old boy died after falling from the fifth floor of a commercial complex in Ellisbridge, in what police suspect is a case of suicide over debts incurred due to online gaming. “On Saturday night, a 17-year-old boy from Amraiwadi was admitted in an unconscious state to the trauma ward of Civil Hospital in…
BENGALURU — In a move that could intensify one of India’s most closely watched corporate battles, Byju’s has filed an FIR accusing senior partners at Ernst & Young and members of a resolution team of conspiring against the company. The complaint, made public via a social media post by founder Byju Raveendran, names resolution professionals…
Dispute over unpaid rent by HBC At the heart of the court proceedings is a dispute over unpaid rent to RioCan-Hudson’s Bay JV, a joint venture between HBC and RioCan Real Estate Investment Trust. The retailer operates 12 stores in properties leased from the JV, but company lawyers argue that its current cash flow does…
32 redundancies as Orr Decorators in provisional liquidation insider.co.uk Read the original article here
Bill Ferg (Vasilios Fergadiotis), owner of Melbourne’s Lobster Cave restaurant, has submitted a last-minute proposal to creditors to avoid bankruptcy, aiming to settle over $7 million in debts through a personal insolvency agreement. The offer was made just two days before a scheduled Federal Court hearing. If rejected, Ferg could be declared bankrupt and forced…
What Is Revolving Credit? Revolving credit refers to a type of credit account that allows the borrower to repeatedly borrow up to a certain limit. Making payments reduces the balance owed and frees up credit, which can be used again. Credit cards, personal lines of credit, and home equity lines of credit (HELOCs) are all…