Cashflow
SMEs forced to use credit cards, personal loans for finance: Small Business Commissioner
Access to finance is still a significant barrier for Australian small businesses, with entrepreneurs increasingly turning to credit cards…
Family-owned kitchen manufacturer Niaz Kitchens collapses after 29 years in business
A family-owned business specialising in manufacturing kitchen fit-outs has collapsed into voluntary administration. Niaz Kitchens was fou…
Working seven days a week for no wage: Franchisee claims Wendy’s breached duty of care as landlord locks him out of his store
A Wendy’s franchisee, who was locked out of the store he owned and operated for more than two years, claims the ice cream and hot dog chai…
Fashion house that has operated since 1996 collapses into voluntary administration
A Melbourne-based clothing manufacturer and wholesaler founded in 1996 has entered voluntary administration. LM Australasia started out prod…
Iconic Queensland restaurant and food festival collapses
The parent company of an iconic Noosa restaurant, which also owns and operates the major food and wine festival in the region, has collapsed…
Thousands of insolvent businesses could be saved with new safe harbour laws, says liquidator
Around one-third of businesses liquidated could be saved and billions of dollars recovered for the Australian economy if the government adop…
Vocation forced to repay $8 million and withdraw thousands of students’ qualifications
Troubled training provider Vocation has been forced to repay $8 million in funding to the Victorian government as it seeks to regain an even…
MissChu 2.0: Turnaround specialists Mawsons reveal control of 75% of MissChu and outline expansion plans
The Melbourne-based restructuring firm that helped turn around jewellery chain Bevilles has taken charge of Vietnamese restaurant chain Miss…
83-year-old business W.E. Smith Engineering collapses
A New South Wales engineering company that was established in Sydney in 1922 has collapsed into voluntary administration. W.E. Smith Enginee…
ASX-listed strip club operator collapses
The only strip club operator listed on the Australian Securities Exchange has collapsed into voluntary administration. Planet Platinum Limit…
