Thousands of Aussie kids and their parents have been left in the lurch after a major childcare provider collapsed into voluntary administration, while a separate centre in Melbourne suddenly shut its doors. Parents with children at Edge Early Learning centres in Queensland, South Australia and the ACT were advised administrators KordaMentha had been appointed while…
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The news: Childcare centre Edge Early Learning, which leases 31 properties from Arena REIT, entered voluntary administration on Wednesday following missed rental payments in August. The context: This follows a request from Edge in late July for a rent deferral or abatement while it underwent a corporate restructuring. Arena subsequently dispatched rent default notices in…
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Home buyers have been left in uncertainty after a debt-laden residential developer called in external administrators to keep the firm afloat. Bathla Group cited a “perfect storm” including a property market downturn and rising construction costs in announcing on Tuesday it had called in insolvency specialists Teneo to restructure the business. Related Article Block Placeholder…
A major childcare provider operating 70 centres across Australia has entered voluntary administration, sparking uncertainty for thousands of families. Edge Early Learning announced on Wednesday it had appointed KordaMentha as voluntary administrators as the company assesses its financial position. The childcare provider operates centres across Queensland, South Australia and the ACT. Know the news with…
But the Selby restaurant has been saved, with the business now owned by a different company. The former business was owned AD Restaurants Ltd, which formerly operated from the Selby restaurant at 73 Brook Street. However, York-based Mike Jenkins and Dave Broadbent of BTG were appointed joint liquidators of AD Restaurants Ltd on July 30.…
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