PPS Commercial, PPS Qld in liquidation as 3000 building companies collapse in past year

Liquidation

Two construction companies have collapsed owing $4.5 million, with the list of creditors tipped to rise. Gold Coast companies Burleigh Heads-based PPS Qld and PPS Commercial were placed into liquidation on Monday, leaving a number of projects incomplete. It’s the latest devastating run of construction companies falling into liquidations across Australia. PPS Qld is believed…

APP’s voluntary administration highlights the lack of forward thinking by government, says Food Frontier CEO

Liquidation

In a regional area where employment and value-added industries are essential, it’s disappointing that a significant manufacturing plant has announced its potential closure after eight years of operations. Horsham based Australian Plant Proteins (APP) went into voluntary administration at the end of June. The largest of three commercial-scale plant-protein fractionation facilities in Australia, APP is…

Australian farming business HS Fresh Food enters voluntary administration

Liquidation

Australian agribusiness HS Fresh Food, known for its fresh salads, ready-made meals, and pre-prepared vegetable products, has entered into voluntary administration, impacting around 500 jobs. The company, which operates under brands such as Houston’s Farm, Sunfresh, and Gourmet Selections, and supplies to major retailers like Coles and Woolworths, appointed FTI Consulting administrators Vaughan Strawbridge, Joanne…

ACCC warns of higher airfares after Rex entered voluntary administration, stopped servicing Sydney-Melbourne-Brisbane routes

Liquidation

The revelation comes in the latest report on domestic airline competition from the Australian Competition and Consumer Commission (ACCC) which found some relief for Aussie travellers in the first six months of 2024. Aussies saw a drop in airfares, reduced cancellation rates and better on-time performances, however the withdrawal of Rex from the Sydney-Melbourne-Brisbane ‘golden…