Jeanswest to close all stores Australia-wide as parent company enters voluntary administration

Jeanswest’s 53 years of operation in Australia are set to end. Photo: Facebook. Jeanswest is the latest clothing outlet to end its operations in Australia, after it was announced its parent company, Harbour Guidance Pty Ltd, had entered voluntary administration. Across the Region network, stores will close in Tuggeranong, Bega, Wollongong, Albury and Griffith. Across…

Bulk-billing practice with 5000 patients in voluntary administration

The Interchange Health Cooperative practice in South.Point, Tuggeranong closed on Monday. Photo: Facebook. Canberra’s bulk-billing crisis has worsened with the closure of the Interchange Health Cooperative (IHCO) practice in Tuggeranong, which had almost 5000 patients on its books. The six-year-old 100 per cent bulk-billed general practice and allied health service at South.Point called in administrators…

GrowthOps enters administration, 21 entities liquidated

GrowthOps, the parent company of agencies including AJF Partnership, Khemistry, and APD, has entered administration and is undergoing liquidation for most of its entities. Administrators, Katherine Sozou and Damien Pasfield of McGrathNicol, were appointed on 31 March to oversee the voluntary administration process of three business units – GrowthOps Limited, Asia-Pacific Digital (APD) and a…

Cubitt’s in liquidation but projects will be completed

The Cubitt’s Display Centre in Fyshwick. Eleven projects were affected in the ACT. Photo: Cubitt’s. A 30-year-old, family-owned building company has gone into liquidation, but clients will have their projects completed after the sale of parts of the business. Cubitt’s Granny Flats and Home Extensions was formally placed into liquidation at a creditors meeting last…

SC upholds NCLT order to initiate insolvency against DHFL’s Wadhawan promoters

The Supreme Court on Tuesday upheld the National Company Law Tribunal’s decision to initiate insolvency proceedings against Dewan Housing Finance Corp’s former promoters Dheeraj Wadhawan and Kapil Wadhawan, who stood as personal guarantors for loan facilities provided to the debt-laden firm. A Bench led by Chief Justice Sanjiv Khanna dismissed Wadhwans’ appeal against the National…

Veteran builder Stokes Wheeler collapses owing $20m

A Queensland building company has gone into liquidation owing about $20 million to creditors, many of which are unlikely to recover the full extent of their losses. Veteran construction company Stokes Wheeler had four projects under construction on the Gold Coast whose contracts have now been cancelled. The largest project, a block of 40 apartments…