Major environmental not-for-profit Planet Ark goes into administration

One of Australia’s largest environmental not-for-profits, Planet Ark Environmental Foundation, has been placed into administration by its governing board. The long-time environment and recycling advocacy group was put into voluntary administration after a board review of the organisation’s “financial position and future viability”. Planet Ark has been advocating for recycling across Australia since 1991. One…

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Healthy ready meal company enters liquidation

John Campbell BBC News NI economics editor Karri Kitchen Peter Coulter & John Campbell BBC News NI Products from the healthy ready meal company Karri Kitchen have disappeared from shelves across Northern Ireland as the business has entered liquidation. The firm, which was based in Craigavon, County Armagh, had expanded rapidly over the past few…

Reacon administrator shares creditors update

Administrators for Reacon Australia and MMW 3Degrees have shared an update on the first creditor’s meeting held this week and the likely release date for the upcoming creditors report. Administrator Andrew Blundell, from Cathro & Partners said there were no major outcomes from the first creditor’s meeting held on Tuesday this week and everything remains…

Planet Ark enters voluntary administration

Planet Ark Environmental Foundation, a leading Australian environmental not-for-profit, has entered voluntary administration following a review of its financial position and future viability. The move opens the door for restructuring to secure the future of the organisation’s sustainability mission. The organisation’s Board made the decision in light of ongoing funding challenges, compounded by the economic…