Sobah Beverages has announced it has entered into voluntary administration, citing pressures and challenges within the craft brewing industry along with economic downturn more broadly. The completely alcohol-free beverage company was the one of the first of its kind in Australia, founded in 2017 by Dr Clinton Schultz and Lozen McDiarmid-Schultz. After eight years of…
Smiths City voted into liquidation as creditors owed at least $25m Thepost Read the original article here
The BBC approached Mr and Mrs Scarborough and BRI for a comment, but neither responded to the claims about Butterwick stores trading after filing for liquidation. A spokesperson for BRI explained that a government department usually steps in to pay employees who are made redundant due to insolvency. “We can confirm that amounts due for…
Sydney entrepreneur declares bankruptcy after owing $1.8 billion Sky News Australia Read the original article here
The administrators were seeking expressions of interest from potential local and international buyers. They said Nanolayr owned “world-leading technology and assets” and the administrators expected strong interest from other companies. Nanolayr’s flagship 5500sq m manufacturing plant at Māngere Bridge produced nanofibre textiles at scale. “Nanolayr’s investors have been very supportive of the company’s potential as…
Customers of Kitchen Things in particular are likely to lose out. Photo: Google Maps Employees of Kitchen Things and SolarZero have received their full preferential entitlement, the liquidator and receiver for both organisations says. But he said customers of Kitchen Things in particular are likely to lose out. SolarZero was put into liquidation by its…
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