Loss of main contract leads to liquidation decision

A long-standing Dunedin audio service firm has been put into liquidation, by shareholder resolution, after losing its main contract. In their initial report to creditors and shareholders, Trevor and Emma Laing, of Laing Insolvency Specialists, said Vision AV was incorporated in 1994 and provided network television installation, servicing and also audiovisual related services. For many…

Lorraine Lea Linen enters voluntary administration

An iconic Australian linen retailer has collapsed after almost 40 years. Lorraine Lea Linen entered voluntary administration on Monday, appointing Andrew Yeo and Tim Bradd of insolvency firm Pitcher Partners Melbourne as administrators. “Lorraine Lea Linen is an iconic National brand that many Australians have in their homes,” Yeo told 7NEWS.com.au. Know the news with…