The Orchard in Penrith. The Orchard, the sprawling dining destination on Tench Avenue in Penrith, will continue to trade despite entering Voluntary Administration. And the Directors and Owners of the business say they have every intention that it will trade into the future. Graeme Beattie of Worrells has been appointed the Administrator. “The Orchard is…
Project Coordination MD Gavin Murphy said they had called in administrators after failing to find the capital needed to keep going despite ongoing projects and a solid pipeline of work. Photo: Supplied. Administrators have identified two more ACT Project Coordination projects affected by the failure of the 50-year-old Canberra building company. An update from the…
For decades, Dixon Advisory was the first choice for financial advice in Canberra. Photo: April 77. Wealth management firm Dixon Advisory has been forced into voluntary administration due to mounting liabilities arising from potential damages from class actions, consumer claims and penalties owing to the corporate watchdog. Dixon Advisory and Superannuation Services Pty Limited (DASS),…
Alquemie Group has sold both Surfstitch and Ginger & Smart brands to a mystery buyer. The company confirmed the news with Ragtrader, saying the sale of these smaller portfolio businesses is a major milestone in delivering on its ‘Simplify to Grow’ strategy, which management and team members have been implementing in recent months. “This transaction…
Under Royal Decree 18/2019, the Commercial Companies Law provides a strong safety net for those owed money, ensuring they are not forgotten when a business dissolves. When a company enters liquidation, whether by shareholder decision or court order, creditors are given clear rights that put them first in line before anyone else gets paid. In…
In an announcement to its members, the Geospatial Council of Australia (GCA) revealed last Friday that it has officially entered liquidation, effective Thursday, 21 August 2025. The statement, titled “Liquidation-Final,” expressed deep regret but underscores that the decision was unavoidable after exhaustive efforts involving administrators and the geospatial community to salvage the organisation. After months under voluntary administration—initiated in late May…
Motorcycle firm in administration Motorcycle firm in administration The Business Pages of GoAutoNews Read the original article here
Sections 7 and 9 of the IBC Section 7 of the IBC deals with applications made by financial creditors in respect of defaults in payment of financial debt. Whereas, Section 9 of the IBC deals with applications made by operational creditors in respect of defaults in payment of operational debts. The process of initiating CIRP…
A string of UK travel firms have collapsed in recent months with customers reporting cancelled holidays as companies enter liquidation or administration. Oxfordshire Travel Limited, previously based in Oxfordshire, went into creditors’ voluntary liquidation on October 30, 2025, according to Companies House. The company, registered under number 09515078, is listed as operating in “other passenger…
Multiple UK travel firms collapse leaving holidays and trips in limbo Herald Series Read the original article here