Image: XL Express Well-known Australian independent logistics operator XL Express is in voluntary administration. On June 27, FTI Consulting was appointed as the voluntary administrators of the XL Express Group to begin an “urgent assessment” of the viability of the company that has more than 35 years of experience in the industry. The…
One of Australia’s largest independent transport operators, XL Express, has entered voluntary administration after 35 years in business. The Queensland-based company, which launched in 1990 and built a national road transport logistics network, has appointed FTI Consulting as voluntary administrators to carry out what it describes as an “urgent assessment” of the company’s viability. SUBSCRIBE…
A property developer linked to some of the largest construction projects at Jacks Point near Queenstown has gone into liquidation. Formcrete Construction Ltd went into liquidation on June 25, with Baker Tilly Staples Rodway of Auckland appointed as liquidators. The company was formerly known as Falconer and Co. Ltd up until 2022. According to the…
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Humber Prax Lindsey Oil Refinery forced into liquidation Energy Voice Read the original article here
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Retail insolvencies have risen by 19.65 per cent in the nine months to March 31 this year compared to the same period in FY24, new data from the Australian Securities and Investments Commission (ASIC) revealed. Collapses in retail are now at 804 all up in FY25 so far – across first, subsequent and transitional appointments…
Andrew Roberts to pay staff, creditors after $20m bail out plan The Australian Read the original article here
Christchurch-based company Trinity Employment Services remains under investigation after the release of a six-monthly liquidation report revealed ongoing concerns about possible breaches of the Companies Act. The company, run by Cassandra Knox, was placed into liquidation on 30 May 2024, with the Official Assignee appointed as liquidator. Knox had earlier pleaded guilty to tax evasion charges linked…
The government has called for an investigation into the conduct of bosses at one of the UK’s largest oil refineries after it collapsed into administration on Monday, prompting concern about job losses and disruption to fuel supplies. Sources familiar with the situation said that government officials had been growing increasingly fearful about the finances of…