Popular drinks company Billson's collapses – Hawkesbury Gazette
Popular drinks company Billson’s collapses Hawkesbury Gazette Read the original article here
REX VOLUNTARY ADMINISTRATORS HAPPY WITH THE FEDERAL GOVERNMENT’S REGIONAL FLIGHT BOOKING GUARANTEE
The federal government will guarantee all regional flight bookings for customers of Rex during its administration process over the next month. The guarantee translates, if Rex customers have their flights cancelled, they will be entitled to receive a full refund. The Australian Federal Government has announced it will guarantee regional flight…
Why digiDirect’s owner bought Booktopia from administration
DigiDirect founder Shant Kradjian. Source: Supplied The owner and founder of tech retailer digiDirect has purchased book marketplace Booktopia out of administration, but says there are no plans to copy Amazon by combining both businesses under one giant e-commerce brand. On Monday afternoon, insolvency and restructuring practice McGrathNicol announced digiDirect founder and owner Shant Kradjian…
Rex to axe more jobs after going into voluntary administration – Mumbrella
Rex to axe more jobs after going into voluntary administration Mumbrella Read the original article here
Booktopia finds a buyer after going into voluntary administration
Online retailer Booktopia has been bought by electronics retailer digiDirect, after the company went into administration due to severe financial difficulties. First founded in 2004, Booktopia was an Australian-based online book retailer, and competed with Amazon for online book sales. Booktopia entered voluntary administration in July with debts totaling around $60 million. This is after…
Administrators support Ben Eaton’s Deed of Company Arrangement
Above: Ben Eaton Starleaton administrators are recommending creditors accept a Deed of Company Arrangement put forward by company director Ben Eaton. Eaton has been confirmed as the ‘related party’ identified as offering a Deed of Company Arrangement (DOCA) the day before creditors were likely to vote that the business should enter liquidation. Starleaton administrators issued…
GJ Gardner Homes customers demanded action over build issues for a year, but now the franchisee has gone bust
In short: Customers of a GJ Gardner Homes franchise had spent over a year urging the national company to intervene over ongoing workmanship problems and delays. The franchisee has now entered liquidation – but customers say it should have been resolved far sooner. What’s next: It follows the liquidation and bankruptcy of other GJ Gardner franchisees, but the…
Momento Photo Books closes doors
By Mike O’Connor | 21 May 2024 Momento Photo Books, the Sydney-based photo book publishing company, is to close after 20 years in business. The company confirmed it had gone into liquidation in a Facebook post last night. “Despite every effort to keep the business alive, economic conditions of the last few years sealed our…
Grim outlook for Classic’s creditors – shortfall exceeds R70 million – Moonstone Information Refinery
The outlook for creditors hoping to recover their dues from the liquidated Classic Financial Services One seems grim. According to the preliminary findings of the section 402 report, the company faces a significant shortfall, with its liabilities far outweighing its assets. Cobus Geldenhuis, director of Classic, was debarred in 2009 for dishonesty but continued his…
Popular Glasgow restaurant issues major update on future after ‘liquidation’ fears
A POPULAR Glasgow restaurant has issued a major update on its future after “liquidation” fears. It was previously unknown whether Sapporo Teppanyaki would remain open after a notice in The Gazette appeared to show that the venue had collapsed. 1 A popular Glasgow restaurant has issued a major update on its futureCredit: Google The Ingram…