Engineering firm goes into voluntary administration owing $2m – Daily Mercury

QUEENSLAND’S mining services capital of Mackay and its resources resurgence have taken a hit with a longstanding local company going into voluntary administration. Ricbuilt Heavy Industries, a leading engineering company with a strong reputation in the mining services sector, owes creditors more than $2 million. Administrator Frank O’Neill from insolvency firm SV Partners said Ricbuilt’s…

Engineering firm goes into voluntary administration owing $2m – Gympie Times

QUEENSLAND’S mining services capital of Mackay and its resources resurgence have taken a hit with a longstanding local company going into voluntary administration. Ricbuilt Heavy Industries, a leading engineering company with a strong reputation in the mining services sector, owes creditors more than $2 million. Administrator Frank O’Neill from insolvency firm SV Partners said Ricbuilt’s…

Largest organic milk producer in voluntary administration, owes millions – Food & Drink Business

Australias largest producer of certified organic milk, Organic Dairy Farmers of Australia (ODFA), has entered voluntary administration. It is estimated it has more than $11.5 million in debts. The co-op is 100 per cent owned by 40 family farmers, supplying milk from three main dairy regions of Victoria, central and north-west Tasmania. It provides milk…

‘Never did I wish that for the Whitsunday wedding industry’ – Daily Mercury

THE former director of a major wedding planning company that shocked the Whitsundays when it went into sudden liquidation late last year has spoken publicly for the first time since the business collapsed. In October last year, award-winning wedding planning company, The Wedding Planners Whitsundays, was confirmed to be insolvent and unexpectedly entered into liquidation.…

Largest organic milk producer in voluntary administration, owes millions – Food & Drink Business

Australias largest producer of certified organic milk, Organic Dairy Farmers of Australia (ODFA), has entered voluntary administration. It is estimated it has more than $11.5 million in debts. The co-op is 100 per cent owned by 40 family farmers, supplying milk from three main dairy regions of Victoria, central and north-west Tasmania. It provides milk…

Organic dairy co-op goes into voluntary administration – The Australian Dairyfarmer

A co-operative which lays claim to producing Australia’s largest pool of certified organic has gone into voluntary administration. Organic Dairy Farmers of Australia Limited (ODFA) produces the True Organic brand of milk, butter and cream. It also supplies milk to FiveAM yoghurt, Pure Organic milk and Lemnos cheese. Worrells Solvency and Forensic Accountants were appointed…

Phoenix Commodities goes into liquidation, Companies & Markets News & Top Stories – The Straits Times

DUBAI Phoenix Commodities, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than US$400 million (S$567 million) in potential trading losses, according a document prepared by the liquidators seen by Reuters. The business founded 20 years ago grew into a company generating US$3 billion in revenue last…