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Australia’s Rex Airlines enters into voluntary administration LARA Magazine Read the original article here
By rough comparison, in 2023 construction firms accounted for 13.8% of all registered businesses in the UK, suggesting the industry is still disproportionately affected by insolvency. Within the construction industry, firms categorised as providing specialised construction activities are consistently the most affected across Great Britain. This includes companies providing a range of work, typically on…
The firm had a portfolio worth more than $400 million, ranging from luxury apartments and affordable housing to retail projects, but on Friday formally went into liquidation, according to documents filed with ASIC. Creditors have been told to submit their debts or claims by August 5. Stevens Construction has collapsed two months after going into…
Media release by The Hon Catherine King MP Wednesday 31 July 2024 https://minister.infrastructure.gov.au/c-king/media-release/rex-enters-voluntary-administration Overnight it was announced that Regional Express Holdings and a number of its subsidiaries have entered voluntary administration. Samuel Freeman, Justin Walsh and Adam Nikitins of Ernst & Young Australia (EY Australia) have been appointed Joint and Several Voluntary Administrators by the…
Update—Recaro and BBS America have provided the following statements to Motor1: Recaro Automotive GmbH, headquartered in Kirchheim unter Teck, has filed for insolvency with the Local Court of Esslingen. The company encountered significant financial difficulties due to extreme price increases in recent crisis years and the loss of a major contract. The effects of legacy…
‘They all say that’: Bodega liquidation report floats insolvent trading Toowoomba Chronicle Read the original article here
Video: Victoria’s Billson’s Brewery enters voluntary administration. Victoria’s Billson’s Brewery enters voluntary administration. We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer Victoria’s Billson’s Brewery has entered voluntary administration after 150 years in business. July 31, 2024 — 7.30pm…
Rex has a Howeller – what’s the scam? Michael West News Read the original article here
ASIC’s annual insolvency data shows more than 11,000 companies entered external administration for the first time in 2023-24. While this is slightly higher than prior peaks seen in 2011–12 and 2012–13, it is proportionately smaller as there are now nearly 3.4 million companies in Australia compared to around two million in 2012. The current ratio…