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Showing posts from 2012

Current Bankruptcy , Insolvency Appointments

Corporate insolvency appointments in relation to companies registered in NSW, VIC, QLD, SA, WA, ACT, NT & TAS.

Liquidation normally occurs when a company has failed and creditors resolve that it be wound up.

List of bankruptcy , insolvency appointments

30 Nov Vanarden Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, QLD

30 Nov SMK Enterprises (Aust) Pty Ltd t/as Pet Cafe Cleveland
Creditors' Meeting for Voluntary Creditors' Liquidations, QLD

30 Nov TSA Corporation Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, WA

30 Nov ACN 007 093 245 Pty Ltd formerly k/as Croydon Auto Electrical Services Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, VIC

30 Nov Hanlay Industrial Group Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, VIC

30 Nov S & K Contracting Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, NSW

30 Nov Zalmar Retail Willoughby Pty Ltd

Ruth Tarvydas to close the doors

Perth designer Ruth Tarvydas will close the doors of her King Street shop next week and appoint an administrator. The company plans on appointing an administrator to allow the company time to deal with creditors and maintain business relations with any owed parties.
Tarvydas |
A statement from the company said "regrettably Tarvydas will be leaving King St in 7 days." The label said they would continue to produce collections.Tarvydas joins a range of iconic retailers, including Wasteland and Subway DC, which have all closed up shop in the last month

Book Supplier Wooldridges has closed all of its WA Stores

School books supplier Wooldridges has closed all of its WA stores and laid off staff. Accounting firm Grant Thornton was appointed administrators of Education Works Pty Limited, which trades under the name Wooldridges, Elizabeth Richards and Photoworks.

Wooldridges has around a 75 per cent market share of school book sales in WA with most of the schools requiring thier students  to visit these shops to get thier books and  study material, yet they have managed to get into this position. Punters were pretty disappointed with these results

A legal battle between Wooldridges and Corporate Express over delays which resulted in thousands of WA students starting school this year without ordered textbooks and stationery.

The company started as a family business in Perth in the 1960s. It was then bought by Sydney-based private equity firm Fulcrum Capital Partners in 2008.

Campion education is poised to boost its market share in the school books supply space following the collapse of Wooldridg…

Voluntary liquidation - Darrell Lea's

Darrell Lea's administrators are hoping they can save hundreds of jobs and find a buyer for the famous chocolate maker. In shocking sour news Darrell Lea appointed PPB Advisory as voluntary administrators amid fears the company is in deep financial distress.Workers to lose jobs with Darrel lea Liquidation FearsThe company is 100 per cent owned by the Lea family.A review of Darrell Lea's business was underway in the hope a buyer could be found for the company which is in distress with its 700 workers at risk of losing jobs. Darrell Lea had been experiencing trading problems for some time, with soft retail conditions like playing a part in its downturn and subsequent voluntary liquidation. Darrell Lea employs about 700 people at its Sydney manufacturing base and at its 1800 shops across Australia, New Zealand and the United States.There have been media reports of Potential bidders from Australia and overseas that have already expressed interest in the 85-year-old company. The un…

Voluntary administration for Hastie group

Administrator PPB Advisory today announced it would suspend Hastie's Australian mechanical, electrical and plumbing operations, after determining there were insufficient funds to operate  and run the businessesThe Administrators will remain in control of the companies that comprise the mechanical, electrical and plumbing (MEP) businesses in Australia as well as operations in the Middle East. These businesses employ 2,700 people in Australia and approximately 2,000 in the Middle East. More at said staff across the businesses had been informed formally of the situation and that there would be job cuts.Hastie group problems  and administrationHastie Group, which provides solutions for commercial and industrial air conditioning and refrigeration services  to both Australia and New Zealand, had already been in talks with banks and new investors to extend its loans, but they broke down when Hastie discovered an employee had been falsifying accounts.The acc…

Little Joe Woman–Voluntary administraion

Sydney will be full with catwalk shows and parties as Mercedes-Benz Fashion Week Australia ( 30 april – 4th may 2012 ) kicks off on Monday.Mercedes-Benz Fashion Week Australia
Sydney will be heaving with catwalk shows and parties as Mercedes-Benz Fashion Week Australia kicks off on Monday. But unlike the increasing number of fashion festivals across the country where people can buy tickets to events, MBFWA is invitation only. Circular Quay Shows- 41 (44 in 2011)First timersDylan Cooper; Flowers for a Vagabond; Toi et Moi Sydney; By Johnny; Oroton; Watson x Watson; An Ode to No One; Jenny Kee; Aje; Roppa Pemmaraju; Bless’d Are The Meek and Nana JudyWhos back for MoreRomance Was Born; Camilla; Aurelio Costarella; Ksubi; Jayson Brunsdon; AkiraLittle Joe Woman empire in crisis After tearing up the runways of Paris and Milan and gracing the covers of  australias fashion magazines. London-born supermodel turned fashion designer Gail Elliott and her dashing Australian husband Joe Coffey made…

FHM Australia to close down

FHM is Australia’s popular men’s lifestyle magazine. It’s also the world’s fastest growing men’s magazine, now published in 23 lauguages in over 30 countries around the world. FHM Australia magazine features a mix of  general trivia , sex, gags, grog , gadgets,men tips and raunchy and sexy looking International and local modelsAustralian mens magazine  to close downAfter closing down Ralph mag back in 2010, publisher ACP has decided to draw curtains on its other monthly lad’s mag, FHM, finishing with its May issueWebsite : magazine began publication in 1985 in the United Kingdom under the name For Him and changed its title to FHM in 1994 when Emap Consumer Media bought the magazine, although the full For Him Magazine continues to be printed on the spine of each issue. Ref: Circulation expanded to newsagents as a quarterly by the spring of 1987. It then went monthly a…

Kodak to file for chapter 11 bankruptcy

Eastman had made photography popular in the United States in 1888 with the slogan "you press the button, we do the rest". In 1900, his 'Brownie' camera made it really affordable. Australia Kodak Limited, a joint venture with the two Australians, later became Kodak (Australasia) Ltd. It was an early expression of the Australian love of new technology.The Chapter 11 filing could come as soon as this month or early February, the newspaper said.Despite having made Huge sacrifices to make the company “competitive” and profitable, 600 production workers will be shunted out of their jobs in November. More jobs will go when the company’s wholesale photo processing lab shuts on October 22, with services being outsourced to another company.The closure of the Coburg plant concludes almost two decades of ruthless restructuring, during which both management and the unions assured workers that if they allowed downsizing and cuts to working conditions. Eastman Kodak (EK.N) is prepa…