Another Australian beer company has gone bust despite its celebrity owners, as the tough retail environment continues to put pressure on small businesses.
Cameron Micallef
PGA president Tony Seabrook confirmed that a meeting of creditors today had backed a deed of company arrangement endorsed by administrators from RSM.
Sean Smith
A cash-strapped Australian fashion retailer has suddenly closed the doors on scores of it its stores across the country, putting 250 staff out of work.
Peta Rasdien
A major creditor of the collapsed Whyalla steelworks has argued it would have been paid $70 million by Sanjeev Gutpa’s GFG Alliance had the South Australian Government not “intervened”.
Simone Grogan
Sanjeev Gupta’s collapsed steelworks at Whyalla lost $319 million in the seven months before the South Australian government sent it into administration last week.
Shares in NRW Holdings have been hammered in early trade after the civil and mining contractor delivered its half-year accounts after the market closed on Friday.
The 118-year-old PGA sensationally fell into administration in January amid revelations of ‘financial misconduct’.
Matt Mckenzie
Sanjeev Gupta says his GFG Alliance is owed $500m from the collapsed Whyalla steelworks, while more than 200 creditors are set to to claim cash.
Oceania Glass was put into the hands of insolvency experts from Grant Thornton three weeks ago after private equity Crescent Capital gave up on trying to turn around the Melbourne-based business.
NRW has been left short $113 million for work completed at the now-collapsed Whyalla Steelworks operations, with no firm guarantee as to how much cash it can claw back from the wreckage.
Almost $150 million of Federal Government funds are tied up with a local mineral sands miner that is now insolvent.
Adrian Rauso & Matt Mckenzie
A construction company that claims to have done work on QT Perth, Raine Square and the Old Treasury Buildings has been sent to administration.
Having put its shares into a trading halt on news the steelworks had gone into administration, the group late on Wednesday said it had postponed the release of its results due on Thursday.
The home and business headquarters of fugitive Perth conman Ricky Hirsch was sold at auction for just over $3 million on Saturday.
John Flint
A fallen gold producer says it has discovered more than 800,000 ounces of the precious metal after doing a deep dive into old databases.
Adrian Rauso
Insolvency experts from accounting firm Grant Thornton were put into the Melbourne-based business on Tuesday and are keeping it open while they evaluate prospects for a sale.
The volunteer leadership team in charge of the Pastoralists and Graziers Association has pumped in cash to keep the lobby group afloat through an administration likely to take up to eight weeks.
Administrators have been appointed to the Pastoralists and Graziers Association as the fallout from a financial scandal widens.
New estimates by liquidators Hall Chadwick have revealed fresh details about the company’s debt.
The Federal Government has thrown Rex Airlines another lifeline after taking on the troubled carrier’s $50 million debt from PAG Asia Capital.
Neale Prior and Cheyanne Enciso
More than 130 Rivers clothing stores will close across the country after a buyer could not be found for the collapsed business.
The battle over an ill-fated investment into Perth Glory is headed back to court with a local businessman chasing Tony Sage for close to $1 million.
Administrators believe directors could have breached their duties to the WA cannabis startup formerly known as Creso Pharma, which is facing liquidation owing creditors nearly $22 million.
A local manufacturer has gone under just three years after listing on the ASX, and administrators will soon launch a campaign to sell the business.
