De Lago Resort placed into liquidation amid estimated $860K hole – NT News
De Lago Resort placed into liquidation amid estimated $860K hole NT News Read the original article here
Regional carrier Rex Airlines enters voluntary administration, | The Canberra Times
Rex flies to 56 destinations including many in regional Australia such as Port Macquarie, Coffs Harbour, Orange, Dubbo and Albury in NSW, Mount Gambier in South Australia, Burnie and Devonport in Tasmania, Cairns and Mt Isa in Qld and Mildura in Victoria. Read the original article here
Update on insolvency statistics: June 2024
31 Jul 2024 • 3 min read The latest insolvency statistics for June 2024 for company and individual insolvencies have been published on 19 July 2024 for England and Wales. This is the first publication of statistics released since the recent General Election and announcement in June 2024 of a continued fall in the rate…
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BusTech enters voluntary administration
Australian bus manufacturer BusTech Group has entered into voluntary administration, with the future of the company left unknown. With operations in Queensland and South Australia, BusTech is one of the largest independent bus manufacturers in Australia, making diesel, hybrid and zero emission buses. It has more 270 employees across its two companies. Subscribe to our…
Australia’s corporate insolvencies have hit their highest level in at least 25 years – Kieran Davies
Corporate insolvencies have reached their highest level since ASIC began publishing the numbers just over twenty-five years ago. The national number of corporate insolvencies showed fresh strength in March, reaching 1.1K in the month, which is the highest level since ASIC began compiling the statistics in 1999. The same holds true for the seasonally adjusted…
Five Sk:n Group Firms in Liquidation: Info for All
Winding-up orders were made against five companies from the Sk:n Group of companies on Thursday 18 July 2024. The court appointed the Official Receiver, Joseph Sullivan, as liquidator of: Lasercare Clinics (Harrogate) Limited (company number 02545572) LCHMG Limited (company number 12325705) ABC Lasers Ltd. (company number 04795786) Cosmeceuticals Limited (company number 06114019) Cellite Clinic Limited…
Watch E-tailer Chronext Files for Voluntary Administration
Chronext, a European watch e-tailer that had flirted with the idea of going public, announced this week that it has filed for voluntary administration. Voluntary administration is akin to Chapter 11 bankruptcy reorganization in the United States. “We see the current measure as a significant opportunity to reposition Chronext,” said Frederike Knop, managing director of parent…
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The ‘red flags’ staff saw before an advertising agency went into liquidation
Credit: Mikael Seegen via Unsplash Staff noticed what they now describe as “red flags” at No Standing before the digital marketing agency went into voluntary liquidation. “I was always paid late … I’d be shocked if my superannuation ever turns up,” an insider who did not want to be named told AdNews. “There’s an extreme…