Watersun Homes enters administration exit UPDATE, 4pm: Insufficient funds have been cited as the reason for Watersun Homes entering into voluntary administration. Ninety full time jobs will be lost as a result of the administration process. All staff were informed today, according to a statement. Administrators are expected to contact property owners who have contracted the…
WATERSUN Homes, which has a display site in Moama, has gone into voluntary administration today. Its Moama phone number was not answering and the companys website appears to have been taken down. Neil Mclean and Mathew Gollant of Rodgers Reidy Melbourne have been appointed as joint administrators of Watersun Homes (WSH Group P/L). The company…
Administrators report recommends vote for liquidation. Pumpkin Patch’s history is broadly explained by the administrators as having two phases. Photo / Nick Reed A union lobbying for hundreds of Pumpkin Patch workers owed millions by the collapsed childrens’ retailer said it would vote in favour of liquidation for the company. Pumpkin Patch entered voluntary…
A small business owner has opened up about the difficulties of managing cashflow in a growing business, after his personal training company Rapid Personal Training entered liquidation yesterday. Insolvency firm Hogan and Sprowles has been appointed to manage the liquidation of Rapid PT, which employs three full-time staff and 17 contractors, and has seven locations spread across Sydney and…
Releasing the final report of a three-part research project aimed at determining the best methods of addressing phoenix activity, researchers at the Melbourne Law School and the Monash Business Law School have called for action across 25 areas to detect, disrupt and punish harmful and illegal activity. Under one recommendation, anyone who has been an…
As a parent of a recent college graduate, you may be asking if your young adult will ever move out of the house or pay the student loan you supported. As an employer, you may think that student loan doesnt impact who you hire or how well you retain millennial talent. Its time to think…
Helen Anderson, Ian Ramsay, and Jasper Hedges, University of Melbourne, and Michelle Welsh, Monash University To stamp out illegal phoenix activity, directors should be required to have identification numbers. And, if theyve had many corporate failures, they should be classed in a new probationary category, our research shows. These are a few of several measures we have…
Tim Landis Business Editor @TimLandisSJR A more-than-two-decade tradition in the Parkway Pointe Shopping Center in Springfield is coming to an end with this week’s liquidation announcement from FAMILY CHRISTIAN STORES. The not-for-profit cited changes in consumer book-buying habits and falling sales in the decision to liquidate the 85-year-old company by closing more than 240…
A voluntary winding-up order has been issued for the company behind a chain of healthy eating restaurants that has now closed six of its eight outlets. Slim’s Healthy Kitchen, set up by Gary McIldowney in 2013 after the former electrician underwent a dramatic weight loss, pulled down the shutters at its Victoria Square premises in…
More than two years ago, suppliers forgave Family Christian Stores $127 million in debt so that it could remain open. Today, the chainwhich bills itself as the worlds largest retailer of Christian-themed merchandiseannounced it is closing all of its stores after 85 years in business. Family Christian, which employed more than…