Under-Pressure Bensons Vows to Deliver 1300 Apartments

Property developer Bensons Property Group says it will complete its $1.5-billion development pipeline across three Australian states despite entering voluntary administration. The company is reportedly managing of more than 1300 apartments. Craig Shepard and Sebastian Ham of KordaMentha have been appointed as administrators, while Keith Crawford and Matthew Caddy of McGrath Nicol will oversee operations…

Australia’s largest online bookstore Booktopia enters voluntary administration

Booktopia (ASX: BKG) has entered voluntary administration pending an “urgent assessment” of options for sale or recapitalisation. Insolvency firm McGrathNicol has been appointed and shares in the cash-strapped company will be suspended from trading during the administration process. All Booktopia subsidiaries including online bookseller, publisher and printer Angus and Robertson have been included in the…

Sudden Clarkebond liquidation shocks employees

In a sudden move, engineering consultant Clarkebond has ceased trading and fallen into administration after 77 years The liquidation has been chalked up to issues with management practices and clashing with staff. Just three months prior, in September, the firm was acquired by the Independent Design House Group (IDHG). Clarkebond was a respected player in…