A Christchurch property development company has been placed into voluntary liquidation after a completed development failed to generate enough proceeds to pay all creditors. Eversham Limited was placed into liquidation on 13 November, with Brenton Hunt of Insolvency Matters Limited appointed as liquidator. According to the liquidator’s initial report, the company is insolvent. The report…
Barbeques Galore has gone bust, 500 jobs are up in the air and gift cards for the franchise stores have been slashed to one-third of their value. A voluntary administrator was appointed on Thursday, citing cash holdings as the largest issue for flailing business. Australia’s largest barbecue and outdoor furniture retailer oversees 68 company-owned stores…
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It’s one of two options it is considering to overcome the deficit, the other being a huge council tax increase of almost 15 per cent. In light of the deficit the Conservative-run administration is facing in the current financial year, its chief financial officer (CFO), Andrew Lowe, will present the plans to the cabinet. The…
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Prominent retailer Barbeques Galore has fallen into receivership, putting 500 jobs across 95 stores and the wider business at risk. According to The Australian the company’s collapse comes after unsuccessful attempts to find a buyer for the business in recent years. The directors of Barbeques Galore put the company into voluntary administration on Thursday, with…
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The final chapter for Benson Hill, the agricultural technology firm, has been written. Any remaining hopes for a corporate rescue have been extinguished, with the company now in full liquidation. Investors are confronting the stark reality of a total loss on their holdings. The shift from Chapter 11 restructuring to a Chapter 7 liquidation was…