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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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…
IBBI notifies amendments to streamline corporate insolvency process Press Trust of India Read the original article here
Medtecs Nears Completion of Resilient Medical Liquidation TipRanks Read the original article here
Planet Ark Environmental Foundation, one of Australia’s largest environmental non-for-profits, has entered voluntary administration following a board review of the organisation’s “financial position and future viability”. What is voluntary administration? Have you also been pretending you know what voluntary administration actually means? Don’t worry. We asked an expert to explain in simple terms. The organisation’s…
Creditors owed more than $361 million are set to vote on the future of failed Australian retail giant Mosaic Brands, as Bangladeshi garment suppliers flag mass lay-offs as the result of millions in unpaid orders. Bangladeshi factory owner Jabed Ahmed faces debt of around $2.5 million after Mosaic, which owns Noni B, Millers and Rockmans…