Liquidators have been appointed for Readie Management Limited (RML), the parent company of collapsed contractor Readie Construction. Jacob Beake and Gavin Savage of Begbies Traynor were named in a document filed on the Companies House website yesterday (15 May). Travelers Insurance Company had filed a winding-up petition in the High Court against RML, and in…
Against the backdrop of global economic instability, the number of insolvencies worldwide recorded a 19% increase in 2024 compared to the previous year, according to the latest Atradius report “Insolvencies normalise, but trade war brings new risks”, published in April 2025. The analysis, covering 29 global markets, highlights a trend toward a return to pre-pandemic…
Troubled builder Inspired sent to liquidation The West Australian Read the original article here
This week’s TGIF considers a recent decision concerning the voluntary administration of a Christian school, where the Court gave advice regarding an urgent funding package and questions arising in relation to the Committee of Inspection. In Marsden, in the matter of Brindabella Christian Education Limited (administrators appointed) [2025] FCA 456, Derrington J gave judicial advice…
A lifeguarding service provider that has gone into liquidation will be asked to pay more than $400,000 in unpaid superannuation to former employees. Documents from the Australian Securities and Investments Commission (ASIC) and liquidators show the Australian Taxation Office (ATO) will also claim an additional $1.4 million from the company. The business, LSA Venues Central…
“Price escalations made a number of projects uneconomic quite quickly,” the report states. “There have been a number of issues with projects over the last few years which have had a large impact on working capital.” Legal action is also under way by a former customer over costs related to an incomplete build. According to…
Remeber Bollinger Motors? The last time we checked in on the EV startup, it was filing a lawsuit against UK-based Munro for patent infringement. Prior to that, the company decided to step away from plans to build its blocky B1 SUV and B2 pickup in favor of a large commercial vehicle called the B4. Now,…
Shoppers who stocked up on Hudson’s Bay blankets or other goods adorned with the iconic retailer’s stripes, hoping they’d become collector’s items, may be in for disappointment. On Thursday, Canadian Tire announced it will pay $30 million to take over Hudson’s Bay’s intellectual property, including its famous four stripes motif, various company names, logos, and the retailer’s coat of…
Aussie brides await delivery of gowns as luxury bridal brand enters administration Lismore City News Read the original article here
Vaughan Strawbridge and Joseph Hansell of FTI Consulting have been tapped as voluntary administrators of the head Roberts Co company, Tycoon is closer to exiting the construction industry as the head company of his Roberts Co building empire went into administration and big contractors are poised to pick up key jobs in Victoria where work…