AUCKLAND-BASED children’s retailer Pumpkin Patch, which has a store in Mackay, has gone into voluntary administration. The company’s 2016 full year commentary report states Pumpkin Patch reported a net after tax loss of $15.5 million for the year to July 31, 2016 compared to a loss of $9.1 million the previous financial year. Other media…
A Caulfield husband and wife stole jewellery from their customers to try to keep their struggling business afloat, a court has heard. Georgette and Roger Aznavorian ran Caulfield Jewellers a business that cleaned, repaired and sold clocks, watches and jewellery in Caulfield North for more than 20 years. The Aznavorians would tell customers that the delay in getting their watches…
The Coolamon community has rallied behind its embattled sport and recreation club, pitching in $16,000 to keep it afloat. On Tuesday The Daily Advertiser revealed the club was on the edge of falling into voluntary administration, after board members were told more than $360,000 was owed to creditors and police were investigating missing funds from the clubs Keno facilities.…
CowboysOutlook.com will host a liquidation sale of more than $1 million worth of Western apparel starting today at the former Clarks Western Wear at 300 N. Main. St., company representative Josh McCrimmon said. The sale will continue through the Christmas shopping season, he said. The storefront also is the former home of the Cowboy Supply…
Gold Coast chief executive Graham Annesley believes his club’s new base at Parkwood International will be the difference between attracting marquee players to the NRL club and missing their signatures. The Titans returned to pre-season training on Thursday at their new base, which includes altitude chambers, hydrotherapy baths, a three-lane pool, gymnasium to go along…
Fashion retailer, American Apparel set to close their Australian stores The clothing manufacturer went into voluntary administration Up to 100 employees are set to lose their jobs after stock is cleared The retailer’s UK and Irish businesses have also gone into liquidation By Martha Azzi For Daily Mail Australia Published: 14:36 +11:00, 10 November 2016…
ROSS GIBLIN/ FAIRFAX NZ Clementine West worked at CallActive when the Wellington base was officially opened by Prime Minister John Key in 2013. A failed Wellington call centre has been put into liquidation, following the collapse of its Australian arm. About 60 CallActive workers based at the Willeston St office in Wellington were made redundant just weeks…
Brisbane connectivity and industrial networking provider Ethernet Australia has entered voluntary liquidation, with debts totalling close to $3 million. The company ceased trading after key supply contracts with customers were terminated without warning, and appointed liquidator David Clout and Associates on 28 October, with a creditors meeting taking place on Tuesday 8 November. As part of…
This article appeared first on The Stock Market Blueprint Blog. In this edition of Watchlist Wednesday, we highlight five of the top stocks qualifying for the Net-Net Working Capital (NNWC) screen. NNWC is similar to the NCAV screen except it is more stringent. Graham knew that companies undergoing liquidation would not necessarily sell all current assets at book value.…
The Coolamon community has rallied behind its embattled sport and recreation club, pitching in $16,000 to keep it afloat. On Tuesday The Daily Advertiser revealed the club was on the edge of falling into voluntary administration, after board members were told more than $360,000 was owed to creditors and police were investigating missing funds from the clubs Keno facilities.…