Jul 2, 2024 4.07pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Crown Group co-founder Paul Sathio, who lost control of the business when it was pushed into liquidation last year after 25 years of operation, finds himself a further $6…
Beleaguered online book retailer Booktopia has announced it has entered voluntary administration after it failed to secure funding. The company posted it had appointed Keith Crawford, Matthew Caddy and Damien Pasfield from McGrathNicol to oversee a potential restructure or sale of the business. The Administrators are undertaking an urgent assessment of Booktopias business while options…
Examples of products and food ingredients produced using Australian Plant Proteins product.In a regional area where employment and value-added industries are essential, its 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…
Booktopia has entered voluntary administration after failing to secure emergency funding. In an ASX announcement today, the book retailer said it had appointed McGrathNicol partners Keith Crawford, Matthew Caddy and Damien Pasfield to oversee the company’s restructuring. “The Administrators are undertaking an urgent assessment of Booktopia’s business while options for its sale and/or recapitalisation are…
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Australian airline Bonza will be placed into liquidation just months after going into involuntary administration. On Tuesday, administrator Hall Chadwick announced the news following a second meeting of creditors, where it was revealed that they had not received any offers for the sale of Bonza. The Administrators ran an extensive sales campaign involving numerous investors,…
While all of them have been granted temporary reprieves ranging from four weeks to seven weeks, some remain exposed to the risk of liquidation Kaisa was warned there is no excuse for another adjournment if no progress is seen before the next hearing. Dexin, a medium-sized developer based in eastern Chinas Zhejiang province, was ordered…
The news: Budget airline Bonza Aviation has entered liquidation after the company’s creditors held a second meeting on the future of the company on Tuesday. The context: In April, Bonza entered into voluntary administration after abruptly cancelling flights across Australia, stranding hundreds of domestic passengers, as it considered “the ongoing viability of the business”. Bonza’s…
Transport Workers’ Union Bonza creditors have today voted to liquidate the company, providing workers access to the government’s Fair Entitlements Guarantee scheme. However, the TWU warns regional Australia won’t reconnect with the rest of the country without a Safe and Secure Skies Commission. Approximately 500 Bonza workers were terminated on 11 June but the government’s…
The holding company of a superannuation fund created seven years ago to service gig economy and self-employed workers has entered voluntary liquidation. The GigSuper Group collapsed just over two years ago, reportedly owing creditors $2.7 million. Both the holding company, GigSuper Holdings Pty Ltd, and the subsidiary company, GigSuper Pty Ltd, entered voluntary administration in…