Iconic Ballarat pizzeria The Forge enters voluntary administration – The Courier
Iconic Ballarat pizzeria The Forge enters voluntary administration The Courier Read the original article here
Nail polish brand Kester Black emerges from voluntary administration
Kester Black has quietly emerged from voluntary administration and its founder Anna Ross has departed as a director of the business, with the prominent beauty brand now in the hands of its managing director. Launched in Melbourne in 2014, Kester Black offers vegan and cruelty-free nail polishes, lipsticks and skincare products. The business experienced rapid…
SunPower Gets OK To Liquidate Extra Solar Panels
By Ben Zigterman · August 20, 2024, 4:30 PM EDT A Delaware bankruptcy judge said he would let residential solar technology company SunPower Corp. liquidate its remaining solar panels and other inventory that are not part of the company’s primary bankruptcy… To view the full article, register now. Read the original article here
Insolvencies at decade high as retail, hospitality, building firms buckle – The New Daily
Insolvencies at decade high as retail, hospitality, building firms buckle The New Daily Read the original article here
Provisional liquidators appointed to two connected corporate rescue companies
Provisional liquidators have been appointed to Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Limited The companies offered a service to facilitate the sale of distressed companies as an alternative to using insolvency practitioners Provisional liquidators have been appointed to two connected companies offering corporate rescue and restructuring services following investigations by the Insolvency Service. …
Operational creditors continue to get little of insolvency proceeds – MSN
Operational creditors continue to get little of insolvency proceeds MSN Read the original article here
Projects in Limbo as AllRoads Ordered to Liquidate
Defence, road and other state government infrastructure projects are now in limbo after a Queensland-based construction company was ordered into liquidation. Jon and Dan Fulton, who founded AllRoads in 2009, have had their company ordered into liquidation by the Queensland Supreme Court. The company went into administration as pipe supplier Enviropipes submitted a winding up…
Company insolvencies up 16% on July last year as cost hikes continue to bite
The number of companies that became insolvent in July was 16% higher than during the same period last year, according to official data. In England and Wales, 2,191 businesses went bust, according to the Insolvency Service, compared with 1,890 in July 2023. The figures included 320 compulsory liquidations – when a company is forced to…
Insolvencies jump 74%, hitting decade-long high in February
The number of Australian businesses falling into insolvency for the first time has jumped to 967 in February 2024, according to newly released data from the Australian Securities and Investments Commission (ASIC). This is the highest point it has ever hit since 2015 according to ASIC, and is a 74% lift on the prior month.…
50 homes in limbo, more than $8m debts as two builders collapse – Gold Coast Bulletin
50 homes in limbo, more than $8m debts as two builders collapse Gold Coast Bulletin Read the original article here