Depending on whether you are a cup half full or a cup half empty kind of person, restructuring is either seen as an evil necessity or an opportunity to create successful business infrastructure. I speak from experience, and I am certainly of the cup half full camp. Having acquired a logistics business in 2013, one…
But in this industry, all small business owners are routinely subjected to lead contractors refusing to pay, the unpaid debt now totalling $20 billion annually! By its very definition this is fraudulent. Under Australian law its definitively illegal. And its also criminal. Small business is the construction industry! Sub-contractors are small business, and by far…
EX-STAFF of a prominent Mooloolaba restaurant will only receive about 13 cents for every dollar of superannuation they’re owed by former boss Todd Young. Mr Young hit Las Vegas with his partner just days after winding up Todd Young Investments Pty Ltd on December 29, 2015. His company operated Bella Venezia restaurant at Mooloolaba through…
FIVE years ago today, Rangers went into administration. They have yet to fully recover. That the Ibrox club was on the brink of financial insolvency had been doing the rounds in and around Glasgow for months. For once, however, there was something concrete amid the radio phone-in speculation and taxi driver gossip. On Tuesday February…
Sir Philip Green has faced questions in parliament over his role in the collapse of BHS Private and publicly listed companies should face the same level of scrutiny, according to MPs demanding sweeping reforms to corporate governance following the collapse of BHS. The work and pensions committee said the Government could prevent another corporate crisis…
What has happened to our National Health Service? Nine out of 10 NHS trusts said their hospitals had been at unsafe levels of overcrowding. A&Es have an average waiting time of 14 hours. And 60,000 people wait on trolleys for up to 12 hours to get a bed. These arent just statistics. Theyre your frightened…
Cape Town cruise cancellation: Be sure your travel insurance covers insolvency. Photo: iStock TIP OF THE WEEK SINKING FEELING I agree with “Bitter Pills” (Tip-o-meter, January) regarding travel insurance and have a recent experience that everyone should be aware of. A year ago we booked a “Voyages of Discovery”, Singapore to Cape Town cruise and flights…
Readers’ travel tips: Travel insurance and insolvency Say goodbye to your $32,000 if you haven’t taken out the right travel insurance. Photo: iStock Cape Town cruise cancellation: Be sure your travel insurance covers insolvency. Photo: iStock exit TIP OF THE WEEK SINKING FEELING I agree with “Bitter Pills” (Tip-o-meter, January) regarding travel insurance and have…
BDO insolvency experts Michael Jennings and Brian Murphy were appointed administrators to the company in a High Court hearing on Tuesday A Co Armagh concrete company has gone into administration after nearly 40 years in operation. Administrators from business advisory firm BDO have been appointed to run Cootes (Concrete Products Ltd) on Redrock Road in…
ADMINISTRATORS of struggling macadamia processing and sales company Macaz will seek offers from interested buyers next week after investigations revealed mounting debt, poor management and legal challenges. Condon Associates Group managing principal Schon Condon said he wants to sell the company as a whole rather than auction off equipment to save jobs and business opportunities…