Contractor Indigenous Construction Resource Group has suffered two setbacks, with its half-owned joint venture ICRG North expected to go into liquidation owing creditors about $4 million. Perth-based ICRG has also been forced to admit that, contrary to its own statement, it did not buy consulting business Nana Australia. The failure of ICRG North, which worked…
PRAISE: Administrator Mark Mentha has praised Arrium’s workers, saying their commitment to the company has been ‘pivotal’ in progressing the sale process. Arrium administrator Mark Mentha has thanked local workers for their commitment and passion throughout 12 months that the company has been in voluntary administration. Mr Mentha sent out a note to the workforce which…
JOHN KIRK-ANDERSON/FAIRFAX NZ Outstanding bills of $45,000 and $33,000 have landed two Taranaki businesses in trouble with the tax department. New Zealand’s tax department has applied to put two Taranaki companies into liquidation. The Inland Revenue Department (IRD) have filed proceedings in the High Court at New Plymouth against Little Crate Limited and Salvus Systems Limited…
Veronica Macpherson. Picture: Steve Ferrier/The West Australian. Aggrieved investors claiming to be owed tens of millions of dollars by alleged Ponzi scheme operator Veronica Macpherson have begun the process of trying to reclaim their investments, putting one of her companies into liquidation yesterday. The company, Edkinway Pty Ltd, is one of hundreds of companies set…
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The sign greeting visitors to hhgreggs website told them all they needed to know about how the retailers search for a new owner went. Going out of business. Get up to 30 percent off everything. Shop now before we sell out. The company, which has been struggling to stay afloat, was not able to reach…
Cloud DCs chief financial officer, Desmond Robinson, remains hopeful that the company, which entered liquidation on 28 March, will find a buyer for its remaining assets and intellectual property. The Queensland-based hosted desktop provider, which counted Amazon Web Services (AWS), Microsoft, Citrix and Trend Micro among its vendor partners, entered voluntary administration on 22 February,…
CLOSE Struggling appliances and electronics retailer HHGregg has entered into Chapter 11 bankruptcy. The Indianapolis-based company is trying to stay afloat, but it may already be too late. Dwight Adams/IndyStar hhgregg filed for bankruptcy protection on Monday.(Photo: hhgregg) Liquidation sales can offer great deals to consumers hunting for a bargain, but be careful. After Indianapolis-based…
The administrators of the Allphones Group have revealed that 34 of the group’s stores have been closed, while 50 will continue to trade during the administration process. The mobile phone retail group went into voluntary administration on 6 February, with ARN reporting that at least 18 of its stores around the country will close up…
INDIANAPOLIS, Ind. (WTTV) — Appliance and electronic store HHGregg informed employees that all company stores nationwide will be closing, CBS affiliate WTTV reports. According to WTTV, the company reportedly said they already began the liquidation process last week, and that the company will be completely out of business in around eight weeks. The company announced…