Discover the latest insights and developments
across the corporate restructuring landscape.
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NDIS provider GoodHuman forced into liquidation
A Melbourne based company which sells software to NDIS service providers has been forced into liquidation owing more than $3 million in debts.
Insolvency
Insolvent Liquidation
13TH MAR 2024
Australian Financial ReviewInsolvency Numbers in Home Building Increase to Highest Since Mid 2022
ASIC data shows that 1,655 new construction industry insolvencies were reported in the 8 months to February year to date, which accounted for 28% of the 5,965 insolvencies reported. These numbers were reported after a Sydney based builder went into voluntary administration, owing an estimated 200 creditors a total of $3.8million. The original article is from the AFR and should be referenced. this is the content from theoriginal article: Home building contracted 5.2 per cent in the three months to December, making for the weakest quarter in six as bottlenecks and labour shortages slowed activity, pointing to further weakness in a sector needed to boost the country’s stock of homes and more builder failures.
Insolvency
Voluntary Administration
12TH MAR 2024
https://www.afr.com/property/commercial/home-building-slumps-to-weakest-since-mid-2022-20240227-p5f85mTigerlily Swimwear Enters Voluntary Administration Again
Tigerlily Swimwear enters voluntary administration again, marking its second occurrence in four years. This article discusses the challenges faced by the iconic Australian brand and the potential paths forward in the retail industry's evolving landscape.
Voluntary Administration
Insolvency
12TH MAR 2024
https://www.afr.com/companies/retail/tigerlily-swimwear-brand-falls-into-administration-20240306-p5fa9bVictoria’s PE play on scrap metal recycling turns to junk - Voluntary Administrators
Wexted is offering Pacific Metal’s two parts separately: the Pacific Metal business based at Laverton North is being shopped to one set of buyers, while Metal Men Recycling at Pakenham is a separate auction.
Voluntary Administration
5TH MAR 2024
https://www.afr.com/chanticleer/victoria-s-pe-play-on-scrap-metal-recycling-turns-to-junk-20240206-p5f2nzTech wreck: Aussie start-up funding plummets two thirds from peak
Australia's venture capital industry crumped last year as investors stopped doing deals, and as the amount of cash injected into the tech companies has plummeted from its peak by two thirds.
Services
5TH MAR 2024
https://www.afr.comAustralian construction company St Hilliers goes into administration
Major construction company St Hilliers has been placed into voluntary administration, halting work on 21 multimillion-dollar development projects around Australia.
Insolvency
Voluntary Administration
5TH MAR 2024
https://www.abc.net.au/news/2024-02-05/construction-company-st-hilliers-goes-into-admininistration/103428320Evergrande's liquidation could derail the Chinese economy and have global effects
How will the Evergrande liquidation impact on Australian export businesses? The RBA, warns of the "sharp deterioration" in China's property sector could lead to a global slowdown, weaker commodity prices and "reduced Chinese imports of Australian goods and services"
Insolvent Liquidation
Insolvency
5TH MAR 2024
https://www.msn.com/en-au/money/markets/evergrandes-liquidation-could-derail-the-chinese-economy-and-have-global-effects/ar-BB1hpgTqRugby Australia secure eight-figure loan after major sponsor walks
RA announced the $80 million loan agreement with Pacific Equity Partners
Transaction Support
5TH MAR 2024
https://www.rugbypass.com/news/rugby-australia-secure-eight-figure-loan-after-sponsor-walks/Rebels' voluntary administration to 'galvanise' team
Wexted Advisors support the Rebels playing group for the 2024 season kicking off on 23 February 2024, and wish Taniela Tupou. Lukhan Salakaia-Loto, Matt Proctor, Jack Maunder, Carter Gordon, Andrew Kellaway, Matt Philip, Rob Leota, Pone Fa'aumasili, Jordan Uelese and all players in the 2024 Super Rugby season.
Insolvency
Voluntary Administration
5TH MAR 2024
https://www.espn.com.au/rugby/story/_/id/39417794/melbourne-rebels-enter-voluntary-administration-ra-offers-support-2024PUB BOOM POURS $127M BONANZA INTO PUB INVEST POCKETS AS CROWN HOTEL IN SURRY HILLS TRADES
PUB BOOM POURS $127M BONANZA INTO PUB INVEST POCKETS AS CROWN HOTEL IN SURRY HILLS TRADES
Receivership
13TH MAR 2024
THE AUSTRALIANIN THE GAME OF LIFE, HE’S JUST A DREADFUL GOALHANGER!
ARE THE CAUSES OF BUSINESS FAILURE SIMPLE OR COMPLEX?
Business Evaluations
Safe Harbour
5TH MAR 2024