Category Archives: Liquidation

Queensland real estate startup Revalu8 enters liquidation owing close to $900000 after shareholder disagreement – SmartCompany.com.au

A Queensland-based real estate startup that raised $1.5 million in funding last July has entered liquidation, after facing financial troubles when its shareholders disagreed over the direction of the business. Administrators from Worrells Insolvency were appointed to Revalu8 Limited on February 13 and after a second meeting of creditors on March 10, a decision was made on March…

Hundreds of property owners remain in the lurch after Watersun Homes collapse – The Age

Hundreds of property owners who signed up with failed construction company Watersun Homes remain without a builder to complete their homes. More than 400 homes were left unfinished when the Victorian arm of Watersun Homes, WSH Group, went into administration in February.  Play Video Don’t Play Inside Hazelwood power station Play Video Don’t Play Video…

Three Rockwell Diamond subsidiaries issued interim liquidation orders by court – Mining Review

A judge in Kimberley, South Africa, has issued an interim liquidation order against three subsidiaries of dual-listed Rockwell Diamonds. The interim orders, which have to be confirmed in a final hearing, include Rockwell Resources RSA (Rockwell RSA), HC van Wyk Diamonds (HC van Wyk) and Saxendrift mine (Saxendrift). The effect is that an…

Australia’s ‘Uber of real estate’ is in liquidation, owing $688000 – Business Insider Australia

Revalu8, a self-described Uber of real estate launched in July last year, has sunk into liquidation. Creditors decided to wind up the Queensland startup and appoint a liquidator at a meeting last week, with a software development company owed more than $486,000 out of total debts of $687,938. The Revalu8 service launched last June backed…

Rockwell in a bind as court issues interim liquidation order on 3 … – Creamer Media’s Mining Weekly

VANCOUVER (miningweekly.com) A judge in Kimberley South Africa has on Thursday issued an interim liquidation order against three subsidiaries of TSX- and JSE-listed Rockwell Diamonds. The interim court order does not affect Rockwell Diamonds, the parent entity. Advertisement The liquidation application was enrolled on the opposed motion roll in Kimberley high court for Thursday. The…

Rockwell Diamonds: Three Rockwell Subsidiaries Have Interim Liquidation Order Issued by Court in Kimberley, South … – Junior Mining Network

VANCOUVER, March 24, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI)  announces that a judge in Kimberley South Africa issued an interim liquidation order against three subsidiaries of the Company yesterday. The interim orders, which have to be confirmed in a final hearing, include Rockwell Resources RSA (Pty) Ltd (Rockwell RSA), HC…

Profits ‘impossible’ in reformed training market, says exiting entrepreneur – The Age

Not even a BRW young rich lister can make a profit in the recently reformed vocational education market. Ryan Trainor, chief executive of registered training organisation Republica Education, has closed the doors of one of his private colleges, Tractor Design School, claiming the federal government’s reforms to the scandal-plagued sector made it impossible to make money.  Ryan Trainor, Founder and…

Abattoir closure shock – The West Australian

Farmers in the Esperance area are coming to terms with the closure of the Shark Lake Food Groups Myrup abattoir. The Shark Lake Food Group facility is an export-licensed works, capable of processing beef, sheep, goats and offal. It is also a major employer in the Esperance area, with more than 100 employees involved in…

Get Qualified Australia under liquidation with more than $1.5 million owing – The Sydney Morning Herald

The CEO of a failed education company says its demise is “the doing of two government agencies”, who ultimately wear responsibility for the 2000 students left without the certificates they paid for, or a refund. Get Qualified Australia (GQA) was an education consultant that assisted job seekers in obtaining qualifications in industries, such as beauty,…

How Sneakerboy founder Chris Kyvetos is energising Stylebop’s athleisure – The Australian Financial Review

by Katarina Kroslakova It’s the trend that shows no signs of waning, with high-fashion online retailers making space on their virtual shelves for the luxury athleisure wear consumers can’t get enough of. Farfetch, Net-A-Porter, Matches Fashion, the list goes on.  Now Stylebop is getting in on the action, having entrusted Australian athleisure entrepreneur Chris Kyvetos as its…