A Queensland construction company has collapsed, plunging into jeopardy the fate of multiple state government-funded building projects worth hundreds of millions of dollars. Last Thursday, the Queensland Supreme Court ordered Allroads Pty Ltd into liquidation. Allroads specialised in civil construction and had taken on a number of major road and defence projects in Brisbane, Townsville…
Government to guarantee Rex flights as airline in administration 9News Read the original article here
KPT Restructuring, a new national restructuring and business advisory has entered the market, established in Sydney by Ozem Kassem, Jonathon Parker and Jason Tang. A trio of Cor Cordis partners – Ozem Kassem, Jonathon Parker, and Jason Tang – have broken away to launch their own consultancy KPT Restructuring, which will provide distressed businesses with…
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Fashion startup The Daily Edited gets another life after voluntary administration Startup Daily Read the original article here
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Company insolvencies are running at a 30-year high in the UK, signalling a busy year ahead for corporate restructuring and bankruptcy specialists. More than 25,000 companies in Britain registered as insolvent in 2023, a 14…
Company collapses owing $2m, only $6 left news.com.au Read the original article here
Seven childcare centres in Adelaide are in danger of shutting down after the company behind them went into voluntary administration. Precious Cargo Education called in administrators this morning, with founder and director Cheryl Shigrov saying difficulties facing the entire industry were behind the company’s struggles. “In recent years there have been some challenges that the…
In the years since the Covid-19 pandemic, many businesses have struggled to weather tough times. Prolonged closures and disruptions during the pandemic followed by the cost of living crisis and sustained inflation are taking a toll on businesses across the board. And an increasing number of companies are facing the worst-case scenario this year: insolvency.…
$2m debt as school, hospital, shopping centre aircon company enters liquidation Courier Mail Read the original article here