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Australian Plant Proteins (APP), the only manufacturer of Australian-grown faba bean and pulse protein isolates, has entered voluntary administration. APP
Brisbane-headquartered battery manufacturer Redflow has entered voluntary administration after failing to secure capital needed to upscale its X10 battery for
Australian Plant Proteins (APP), the only manufacturer of Australian-grown faba bean and pulse protein isolates, has entered voluntary administration.
APP operates the largest of three commercial-scale plant protein fractionation facilities in Australia, producing 1200 tonnes of isolates per year at the site in Horsham, Victoria. The ingredients are used by domestic and overseas companies in products such as breakfast cereals, breads, bakery goods, snack foods, and meat and dairy alternatives.
Melbourne-based financial and business advisory firm Romanis Cant has been appointed as administrator, with the hope that APP will be sold as a going concern. It is unclear why the company ran into trouble, but a plan to construct further…
Benny Landa, along with other shareholders, Aaron Frenkel and Dudi Weisman, have agreed to inject capital into Lusix, the laboratory diamond company, to cover August salaries for all employees and provide severance pay for those who were laid off, including the cost of the 30-day advance notice.
Lusix, which is burdened with a debt of 103 million shekels (approximately $28 million), recently submitted a request to the district court for a stay of proceedings under Section 4 of the Insolvency Law. The company placed 60 of its 90 employees on unpaid leave, leading the employees, represented by attorney Ofir Ronen, to file an objection to the order. They claimed that the company had failed to pay August salaries and retirement benefits to…
Ilford taxi and delivery driver claimed £100,000 of Bounce Back Loans and failed to spend the money on his businesses
Hafiz Saeed Ahmad, of Ilford, overstated the turnover for two businesses to falsely claim a total of £100,000 from the covid loan scheme
Ahmad claimed the maximum loan of £50,000 each for his taxi and delivery businesses
He failed to use the money for the economic support of the businesses
A taxi driver from Ilford in East London must abide by 11 years of tough bankruptcy restrictions after falsely claiming two Bounce Back Loans totalling £100,000 during the covid pandemic.
Hafiz Saeed Ahmad, 47, from Meath Road in Ilford, applied for two separate Bounce Back Loans for his delivery business, Sanwal…
Australian battery manufacturer Redflow has entered voluntary administration after failing to secure capital to upscale its X10 battery for larger projects.
Redflow, a Brisbane-based zinc-bromine flow battery producer, has entered into voluntary administration after failing to secure capital to scale up its X10 battery to target larger projects.
In March, it secured AUD 1.1 million ($740,000) in funding from the Queensland Critical Minerals and Battery Technology Fund to develop and build a large-scale version.
The company also secured AUD 20 million of United States government funding in June 2024 for a 6.6 MWh zinc-bromine flow battery energy storage system (BESS) and in July 2024,…
Company claimed to be able to provide cheap hospitality at events such as the Six Nations and Formula 1 races
Prive Global Sports Ltd offered heavily discounted hospitality packages to businesses for in-demand sporting events
The company’s clients paid for packages which were later cancelled with no refunds provided
Customers have lost more than £600,000 in total
A company which offered half-priced hospitality at sold-out sporting events has been shut down after cancelling the bookings at short notice and failing to pay refunds to customers.
Prive Global Sports Ltd sent unsolicited emails to prospective clients, targeting them with high-end corporate hospitality at events such as the Six Nations Rugby and Formula 1…
Brisbane-headquartered battery manufacturer Redflow has entered voluntary administration after failing to secure capital needed to upscale its X10 battery for larger MWh projects.
Brisbane-headquartered zinc-bromine flow battery producer Redflow has entered into voluntary administration after it was unable to attract capital to scale up its X10 battery to target larger MWh scale projects.
In March, it had been awarded $1.1 million (USD 740,000) in funding from the Queensland Critical Minerals and Battery Technology Fund to develop and build a large scale version.
The company also secured $20 million of United States government funding in June 2024 for a 6.6 MWh zinc-bromine flow battery energy storage system…