The news: Childcare centre Edge Early Learning, which leases 31 properties from Arena REIT, entered voluntary administration on Wednesday following missed rental payments in August. The context: This follows a request from Edge in late July for a rent deferral or abatement while it underwent a corporate restructuring. Arena subsequently dispatched rent default notices in…
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Home buyers have been left in uncertainty after a debt-laden residential developer called in external administrators to keep the firm afloat. Bathla Group cited a “perfect storm” including a property market downturn and rising construction costs in announcing on Tuesday it had called in insolvency specialists Teneo to restructure the business. Related Article Block Placeholder…
A major childcare provider operating 70 centres across Australia has entered voluntary administration, sparking uncertainty for thousands of families. Edge Early Learning announced on Wednesday it had appointed KordaMentha as voluntary administrators as the company assesses its financial position. The childcare provider operates centres across Queensland, South Australia and the ACT. Know the news with…
But the Selby restaurant has been saved, with the business now owned by a different company. The former business was owned AD Restaurants Ltd, which formerly operated from the Selby restaurant at 73 Brook Street. However, York-based Mike Jenkins and Dave Broadbent of BTG were appointed joint liquidators of AD Restaurants Ltd on July 30.…
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REVEALED: Liquidator appointments for businesses in the Kentish council area for August 26 The Mercury Read the original article here
The operator of three Sunshine Coast childcare centres has entered voluntary administration, after signs of financial pressure emerged at the company earlier this month. Embattled childcare provider Edge Early Learning, which has centres at Aroona, Peregian Springs and Peregian Breeze, issued a statement on its website confirming KordaMentha had been appointed as administrators of the…