Companies liquidate after ‘shambolic’ roof installation – Gold Coast Bulletin
Companies liquidate after ‘shambolic’ roof installation Gold Coast Bulletin Read the original article here
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Modco co-founder’s entity in liquidation – Business News
Modco co-founder’s entity in liquidation Business News Read the original article here
Business insolvencies in France | Statista
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Insolvency trends and implications for claims against D and Os and Insolvency Practitioners
Looking into the crystal ball at the start of the year to forecast future trends isn’t possible, but one common theme that we expect will continue to impact upon both directors and officers and insolvency practitioners (IP) is the increasing rise of corporate insolvencies. The Insolvency Service recently published its monthly report for insolvencies…
Sussan Ley says manufacturing insolvencies have tripled in two years due to the Albanese government. Is that correct?
The claim The Coalition has accused the government of laying waste to the manufacturing industry, citing an increase in the number of company insolvencies on Labor’s watch. In a January 16 opinion piece published in The Australian, Deputy Opposition Leader Sussan Ley blamed Prime Minister Anthony Albanese’s “lack of an economic plan, failed industrial policies and distracted…
ASIC: Annual Insolvency Data Shows Rise in Company Failures
ASIC’s annual insolvency data shows more than 11,000 companies entered external administration for the first time in 2023-24. While this is slightly higher than prior peaks seen in 2011-12 and 2012-13, it is proportionately smaller as there are now nearly 3.4 million companies in Australia compared to around two million in 2012. The current ratio…
Politicians point finger at Qantas over regional carrier Rex Airlines’ troubles
In short: Regional carrier Rex has entered into voluntary administration but will continue to fly regional routes. Some Australian politicians have taken aim at Qantas for putting pressure on Rex by flying those regional routes. What’s next? An analyst says Rex could survive if it concentrates on regional routes. As Rex Airlines enters into voluntary…
Insolvencies spike to decade high-levels
Source: Australian Securities and Investments Commission The construction sector has been hit particularly hard, with construction firms leading industry insolvencies in every quarter since mid-2021. They have accounted for approximately 25% of all insolvencies during this period. The residential construction sector is already facing a backlog of projects to complete as a result of skills…