The report said considerable expenditure was required to set the businesses up with fixtures and fittings. The company then faced issues with obtaining a liquor licence for one of its bars due to the conduct of the bar that previously operated from the same site. SugarWoods bar was situated where The Establishment bar used to…
Independent cinema chain Majestic Cinemas, which operates nine sites across northern NSW and south-east Queensland, has entered voluntary administration, citing reduced box office due to the impact of COVID-19 and the US strikes on production and release schedules, as well as rising costs and natural disasters, including floods and fires, in the region. The cinemas…
Iconic Ballarat pizzeria The Forge enters voluntary administration The Courier Read the original article here
Kester Black has quietly emerged from voluntary administration and its founder Anna Ross has departed as a director of the business, with the prominent beauty brand now in the hands of its managing director. Launched in Melbourne in 2014, Kester Black offers vegan and cruelty-free nail polishes, lipsticks and skincare products. The business experienced rapid…
By Ben Zigterman · August 20, 2024, 4:30 PM EDT A Delaware bankruptcy judge said he would let residential solar technology company SunPower Corp. liquidate its remaining solar panels and other inventory that are not part of the company’s primary bankruptcy… To view the full article, register now. Read the original article here
Insolvencies at decade high as retail, hospitality, building firms buckle The New Daily Read the original article here
Provisional liquidators have been appointed to Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Limited The companies offered a service to facilitate the sale of distressed companies as an alternative to using insolvency practitioners Provisional liquidators have been appointed to two connected companies offering corporate rescue and restructuring services following investigations by the Insolvency Service. …
Operational creditors continue to get little of insolvency proceeds MSN Read the original article here
Defence, road and other state government infrastructure projects are now in limbo after a Queensland-based construction company was ordered into liquidation. Jon and Dan Fulton, who founded AllRoads in 2009, have had their company ordered into liquidation by the Queensland Supreme Court. The company went into administration as pipe supplier Enviropipes submitted a winding up…
The number of companies that became insolvent in July was 16% higher than during the same period last year, according to official data. In England and Wales, 2,191 businesses went bust, according to the Insolvency Service, compared with 1,890 in July 2023. The figures included 320 compulsory liquidations – when a company is forced to…