A group of companies linked to one of Australia’s largest scaffolding and formwork providers has entered voluntary administration, placing more than 650 jobs at risk. Ten entities tied to Kwikform, the Australian arm of Waco International, were placed into administration earlier this week. The Sydney-based businesses traded under several names, including Waco Kwikform, Star Scaffolds…
Labour firm may have traded ‘insolvent’ with $1m debt, liquidator claims The Courier Mail Read the original article here
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Secrets Shhh, the 23-store fashion jewellery retailer which collapsed in December, has been sold to overseas interests. The company was placed into voluntary administration in December 2025. Under the management of insolvency firm FTI Consulting, Secrets International Pty Limited and its subsidiaries (trading as Secrets Shhh) has been sold to Amaar Jewels, a privately-owned…
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Key Takeaways In Jersey, a director can be disqualified if their conduct makes them ‘unfit to be concerned in the management of a company’. Recent guidance and case law demonstrates a tougher approach to misconduct, poor governance and failures to cooperate with regulators or the Viscount or other officeholders. Strong record-keeping, financial controls and early…
A panel set up by the insolvency regulator has suggested that the bankruptcy proceeding be restricted to only stressed projects of a real estate developer instead of the current practice of extending it to the entire realty company. Such a move, the panel reckoned, would allow solvent or unrelated realty projects of the same developer…
THE team at a popular Somerset Indian restaurant has clarified they will not be impacted after a company that previously ran the business has been issued a winding-up order. CHEF FOOD LTD, which is registered at Lopen Raj, Lopenhead, South Petherton, is currently subject to a winding-up order petition. This is a formal application which…
Major Australian construction company collapses with hundreds of jobs at risk MSN Read the original article here
Unlawful Sassa contract: After 12 years, liquidated CPS is ordered to pay back R81m News24 Read the original article here