Australian bus manufacturer BusTech Group has entered into voluntary administration, with the future of the company left unknown. With operations in Queensland and South Australia, BusTech is one of the largest independent bus manufacturers in Australia, making diesel, hybrid and zero emission buses. It has more 270 employees across its two companies. Subscribe to our…
Corporate insolvencies have reached their highest level since ASIC began publishing the numbers just over twenty-five years ago. The national number of corporate insolvencies showed fresh strength in March, reaching 1.1K in the month, which is the highest level since ASIC began compiling the statistics in 1999. The same holds true for the seasonally adjusted…
Winding-up orders were made against five companies from the Sk:n Group of companies on Thursday 18 July 2024. The court appointed the Official Receiver, Joseph Sullivan, as liquidator of: Lasercare Clinics (Harrogate) Limited (company number 02545572) LCHMG Limited (company number 12325705) ABC Lasers Ltd. (company number 04795786) Cosmeceuticals Limited (company number 06114019) Cellite Clinic Limited…
Chronext, a European watch e-tailer that had flirted with the idea of going public, announced this week that it has filed for voluntary administration. Voluntary administration is akin to Chapter 11 bankruptcy reorganization in the United States. “We see the current measure as a significant opportunity to reposition Chronext,” said Frederike Knop, managing director of parent…
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Credit: Mikael Seegen via Unsplash Staff noticed what they now describe as “red flags” at No Standing before the digital marketing agency went into voluntary liquidation. “I was always paid late … I’d be shocked if my superannuation ever turns up,” an insider who did not want to be named told AdNews. “There’s an extreme…
Rex flies to 56 destinations including many in regional Australia such as Port Macquarie, Coffs Harbour, Orange, Dubbo and Albury in NSW, Mount Gambier in South Australia, Burnie and Devonport in Tasmania, Cairns and Mt Isa in Qld and Mildura in Victoria. Read the original article here
NOIDA: The national company law tribunal has started corporate insolvency resolution process against ATS Knightsbridge project, a luxury project located in Noida’s sector 124. The national company law tribunal has started corporate insolvency resolution process against ATS Knightsbridge project located in Noida’s sector 124. (Getty Images/iStockphoto/ Representational image) The NCLT has appointed an interim resolution…
The collapse of an Australian tech company has just taken another twist after staff received a letter from a government agency. Marketing and software company E-Mersion Media (Aust) Pty Ltd, headquartered in Melbourne, collapsed into liquidation last month with debts of at least $13 million. All the company’s staff had been stood down by the…
The Hon. Catherine King, Minister for Infrastructure, Transport, Regional Development and Local Government, Media Release, 31 July 2024 Overnight it was announced that Regional Express Holdings and a number of its subsidiaries have entered voluntary administration. Samuel Freeman, Justin Walsh and Adam Nikitins of Ernst & Young Australia (EY Australia) have been appointed Joint and…