Construction group in liquidation, amid $200m in debt disputes – Gold Coast Bulletin
Construction group in liquidation, amid $200m in debt disputes Gold Coast Bulletin Read the original article here
Buyers sought for collapsed Adelaide firm
Joint liquidators Daniel Lopresti and Simon Miller are “urgently seeking parties who may be interested in making offers to purchase” the business or assets of Hindmarsh-based knitwear maker Silver Fleece. The company – best known for making the Australian cricket team’s woollen tops – went into liquidation on Wednesday after more than 70 years of…
Gilbert-based EV company Zevx liquidates assets, winds down operations
A Gilbert-based electric vehicle charging company that landed millions of dollars in a venture capital deal last year is liquidating its assets and closing its business. Zevx Inc., via special purpose entity Zevx Liquidation LLC, auctioned off inventory — including battery packs, modules and equipment — from its warehouse at 565 E. Germann Road in…
Melbourne Rebels headed for voluntary administration
The Melbourne Rebels is expected to fall into voluntary administration as early as Thursday afternoon, adding to a long list of companies chaired by businessman Paul Docherty that have collapsed in the last two months. The Australian Financial Review revealed last month that the rugby union club had outstanding tax bills and stadium fees that…
Sara Lee being sold after entering voluntary administration last year
In short: After going into voluntary administration last October, dessert manufacturer Sara Lee is being sold. The company will be bought by the same family that bought Darrell Lea from administration in 2012. What’s next? The sale is expected to be made final in the coming weeks. Dessert manufacturer Sara Lee is being sold after it went…
Wayward Brewing Enter Voluntary Administration
The new year has started much as 2023 ended with another brewery entering voluntary administration. Wayward Brewing and the Local Drinks Collective formed with Batch Brewing Co in October 2022 have appointed administrators with the intention of restructuring the business and retaining ownership. Wayward was launched by Peter Philip in 2012, going on to build…
Melbourne Rebels enter voluntary administration as embattled club faces fight to survive
Rugby Australia is working with the debt-ridden Melbourne Rebels to ensure they field a team in this year’s Super Rugby Pacific competition but has offered no guarantees beyond that. Key points: Embattled Super Rugby club Melbourne Rebels have entered voluntary administration just a month before the season kicks off The Rebels are believed to be…
Vacuum cleaner retail chain Godfreys enters voluntary administration amid ‘challenging’ economic conditions
Vacuum cleaner retail chain Godfreys has collapsed, with cost of living pressures blamed for fewer sales and contributing to a “challenging economic and operating environment” for the business to remain viable. Key points: Godfreys has entered voluntary administration while looking for a potential buyer for the vacuum cleaner retailer The business has struggled with maintaining…
Hawkers Become The Latest Brewery To Enter Voluntary Administration
Hawkers have today become the latest brewery to enter voluntary administration in a move that will come as a major surprise to many in the industry. Since launching in 2015, the Reservoir-based business has grown into one of the largest and most highly-regarded operations in the country, with sales of their own brands, including the…
More challenges for brewers as Hawkers and Big Shed enter voluntary administration
Amid a difficult post-Covid operating environment, two more breweries, Hawkers Beer and Big Shed Brewing, have entered voluntary administration and are pursuing financial restructuring. Hawkers Beer has appointed DBA Reconstruction & Advisory as administrator to facilitate a financial restructuring of the business. Drewery operations will be continuing as usual and there will be no impact…