Retirees big losers as China crushes cobalt producer – The Australian
Retirees big losers as China crushes cobalt producer The Australian Read the original article here
Under-Pressure Bensons Vows to Deliver 1300 Apartments
Property developer Bensons Property Group says it will complete its $1.5-billion development pipeline across three Australian states despite entering voluntary administration. The company is reportedly managing of more than 1300 apartments. Craig Shepard and Sebastian Ham of KordaMentha have been appointed as administrators, while Keith Crawford and Matthew Caddy of McGrath Nicol will oversee operations…
Greenleaf Fresh being put into voluntary administration
Greenleaf Fresh Ltd, from Hamilton, New Zealand, has entered voluntary administration. Greenleaf Fresh is behind Greengrower, a vertical farm in Hamilton. This decision follows recent financial challenges impacting the company’s operations, shares tax and advisory firm Grant Thornton, whose employees Adele Hicks…
Founder of foldable scooter firm opens up about liquidation
The founder of a manufacturer of adult and electric scooters has spoken of his pain after the business went into liquidation. Jason Iftakhar founded Swifty Scooters in 2010 with his wife Camilla to design and manufacture adult scooters and transformed it into a global brand. The husband-and-wife team both graduated from The Royal College of…
Australia’s largest online bookstore Booktopia enters voluntary administration
Booktopia (ASX: BKG) has entered voluntary administration pending an “urgent assessment” of options for sale or recapitalisation. Insolvency firm McGrathNicol has been appointed and shares in the cash-strapped company will be suspended from trading during the administration process. All Booktopia subsidiaries including online bookseller, publisher and printer Angus and Robertson have been included in the…
Greenleaf Fresh being put into voluntary administration
Greenleaf Fresh Ltd, from Hamilton, New Zealand, has entered voluntary administration. Greenleaf Fresh is behind Greengrower, a vertical farm in Hamilton. This decision follows recent financial challenges impacting the company’s operations, shares tax and advisory firm Grant Thornton, whose employees Adele Hicks…
Christchurch building firm goes into liquidation
Christchurch building firm goes into liquidation …
Company behind Helloworld agencies placed into liquidation
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Sudden Clarkebond liquidation shocks employees
In a sudden move, engineering consultant Clarkebond has ceased trading and fallen into administration after 77 years The liquidation has been chalked up to issues with management practices and clashing with staff. Just three months prior, in September, the firm was acquired by the Independent Design House Group (IDHG). Clarkebond was a respected player in…
Business insolvencies ‘much higher’ than in the global financial crisis
Photo: RNZ Business insolvencies are running at more than double the rate of last year, and one economist says the failure rate exceeds that of the global financial crisis. There were 72 liquidations in October administered by the Insolvency and Trustee Service, just down from 74 in September. Of those, 37 were in Auckland. In…