Photo: (American Public Power Association via unsplash) It is potentially lights out for Aotearoa’s largest solar power company, leaving some customers in limbo. And the government’s asking questions about more than $100 million that has already gone from its Green Investment Fund to the company. SolarZero, which provides solar power systems, with no upfront costs…
Te Arawa Management Ltd is a subsidiary of the Rotorua-based Te Arawa Lakes Trust. Joint liquidators Thomas Rodewald and Paul Manning from BDO Tauranga released their first report on Thursday, which detailed the next steps of the process. The liquidators will trade the business in the short term while they advertise it for sale, and…
Administrators are urgently searching for a buyer for S&W Seeds Australia. Photo: S&W Seeds Australia ADMINISTRATORS are calling for expressions of interest for the sale or recapitalisation of S&W Seeds Australia after the business entered into voluntary administration late last month. The seed company reportedly owes almost $61 million, including $50M to secured corporate debt…
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The federal court approved an extension of Regional Express (Rex) Airline’s voluntary administration by Ernst & Young (EY) Australia on Thursday 21 November. Rex Airlines entered into voluntary administration on 31 July and ceased service between major cities, costing 600 people their jobs and putting regional air service at risk. The airline found…
Troubles have been brewing at KTM for most of 2024, with the company’s financial problems well documented. The Austrian company has laid off a number of staff throughout the year, including many key executives, and only a few weeks ago set off alarm bells in the Swiss stock exchange when it forecast a loss for…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Photo: Screenshot For eight years Nanogirl Labs brought science to young people – through live shows, education programmes and STEM kits. But a tough business environment has seen it placed in liquidation, with the first liquidator’s report due out today. Nanogirl Labs was founded by Dr Michelle Dickinson and her husband Joe Davis. It aimed…
Anthony Cummings — the son horse racing legend, Bart — reportedly owes more than $2 million and has had his training business placed into liquidation. The Cummings name is synonymous with horse racing in Australia, with the late Bart Cummings training a staggering 12 Melbourne Cup winners and now has a race named after him…
SolarZero customers likely stuck in lengthy contracts after liquidation Stuff Read the original article here