An Australian sushi restaurant chain that collapsed last year and was found to be underpaying staff has now racked up a debt worth $21million. Sushi Bay and companies owned by the business went into liquidation over a few months early last year, with all but one of its 13 stores across NSW, the Northern Territory…
Redflow Limited (AU:RFX) has released an update. Redflow Limited, an Australian energy storage company, has entered voluntary administration due to difficulties in securing the necessary equity funding for a strategic plan involving a new factory for large-scale battery manufacturing. Despite confirmed governmental support and commercial interest in their X10 battery, the company failed to attract…
Leading Townsville solar business saved from brink of collapse Townsville Bulletin Read the original article here
How tequila business: ATO debt puts Mexican spot into liquidation Gold Coast Bulletin Read the original article here
One of Australia’s biggest battery technology hopefuls, Redflow, has been placed into voluntary administration in yet another blow to the country’s green industry ambitions. The Brisbane-based company has been working for more than a decade on its flow battery technology – which has the advantage of longer duration and zero fire risk – but has…
Aussie influencer Constance Hall’s fashion brand Queen The Label has collapsed into voluntary administration after seven years. She made the announcement on social media, saying she no longer has money on her books to pay off her debts. “I have been stressed out for seven years, seven years of not giving my kids the time…
Attorney-General Mark Dreyfus said on Friday he deemed it in the “public interest” to place the union into administration, including its WA and ACT branches. The Albanese Labor Government acted in July to place the union under administration nationally following media reports into the CFMEU, after which its South Australian and Victorian branches entered voluntary…
Akasha Brewing Company have emerged from voluntary administration following their creditors accepting a Deed of Company Arrangement from the brewery’s directors. The Sydney brewery appointed Henry McKenna of Vincents as administrators on March 20, with Akasha saying it came as a result of declining customer demand, excise tax payments and a significant increase in excise tax. In…
Hundreds of former Rex employees could face an even longer wait to be paid their entitlements after administrators applied for an extension to find a buyer for the airline. Rex entered voluntary administration on July 30, with representatives from consulting firm Ernst & Young (EY) appointed after the airline permanently grounded its fleet of Boeing…
Qld scaffolding company’s $2M debt revealed Sunshine Coast Daily Read the original article here