Retailers and builders among 27 company failures in January 2021
Builders, retailers and transport companies were among 27 Queensland company failures over the past month. FULL LIST
QLD Business
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Food, transport and building companies were among 27 Queensland firms that collapsed into liquidation or administration in January.
That was half the number of companies that failed in December but experts warn that the tally will likely increase in coming months as pandemic-related support measures are withdrawn.
Hall Chadwick partner Ginette Muller said there could be an uptick in insolvencies once the Job Keeper program ended in March.
“We have not seen much of an increase so far but that could change when the Job Keep tap is turned off completely,” Ms Muller said. “The majority of insolvencies come from the smaller end of town and they are still beneficiaries of government largesse.”
She said some people could just declare bankruptcy and walk away from their businesses. Among the hardest hit sectors would be hospitality and tourism.
In January, there were 22 company liquidations including Redzed Pty Ltd, a gourmet cookie maker on the Gold Coast that went bust after nearly 20 years in business.
At its peak, the company supplied more than 500 cafes and hospitality outlets between Brisbane and northern NSW.
Brisbane delicatessen and fromagerie The Cheese Pleaser was another failure, falling victim to the COVID-19 shutdown of the Brisbane CBD. The business first operated from a stall at the New Farm Markets before moving into permanent digs in the city in 2017.
Liquidator Javis Archer, a partner at Revive Financial said The Cheese Pleaser owed five creditors a total of $373,174.
Brisbane entrepreneur Jordan Birchall also finally tipped his fast-food business Tuckeria Pty Ltd into liquidation.
Five Queensland companies were placed into voluntary administration in January, including Leaf Building Group which had specialised in shop fit-outs for major retail brands.
David Clout, of David Clout & Associates, was appointed administrator of Brisbane transport and freight-related companies First Choice Haulage and Sam Gill Corporation.
Praesidium Global Pty Ltd, a start-up company at the cutting edge of producing robotics for the military also succumbed to COVID-19 pressures.
David Baird launched the company in 2016 and had managed over the years to secure about $5m in contracts to produce “unmanned ground vehicles’’.
Mr Baird estimated that his creditors, including former staff, are owed about $250,000 and he’s not optimistic about the year ahead.
“I’ll bounce back but there’s still uncertainty with COVID-19 in the coming year so I don’t see 2021 getting any better,’’ he said.
QLD JANUARY LIQUIDATIONS
Leyka Pty Ltd
ACN: 603 105 666
Renlee Park Pty Ltd
ACN: 110 562 528
Rapid Mixing and Employment, Drafting & Layout Services No 2 Australasia Pty Ltd
ACN: 159 890 374
Australian Road Base Designers & Equipment Systems-Specialised Payments Queensland Pty Ltd
ACN: 050 417 715
Proflek Pty Ltd
ACN: 116 235 593
Redzed Pty Ltd (In Liquidation) trading as Redzed Gourmet Cookies
ACN: 106 062 140
Diavolo Holdings Pty Ltd as trustee for The Diavolo Trust
ACN: 612 092 261
Branfield Pty Ltd trading as Formerly trading as Famishes Take Away
ACN: 639 002 225
Lismore Management Corporation Pty Limited
ACN: 010 695 566
Edgarvale Pty Ltd
ACN: 004 552 318
Impact Events Pty Ltd
ACN: 629 425 314
Nova Novello Enterprises Pty Ltd
ACN: 621 641 487
Zuza Pty Ltd
ACN: 105 313 022
Aim Communications Pty Ltd trading as ATF Dodhy Family Trust
ACN: 168 074 413
The Cheese Pleaser Pty Ltd trading as The Cheese Pleaser
ACN: 616 398 031
Sun City Trees and Mulch Pty Ltd
ACN: 607 063 874
Pieszko Dry Cleaning Pty Ltd ATF Pieszko Family Trust trading as Coomera Dry Cleaning & Laundry and Helensvale Dry Cleaning and Laundry
ACN: 122 759 264
Emethini Pty Ltd
ACN: 153 423 217
Tuckeria Pty Ltd trading as Tuckeria Fresh Mexican
ACN: 106 276 902
Global Towing Pty Ltd
ACN: 617 171 516
Biological Environmental Sustainable Technologies (BEST) Solutions Pty Ltd
ACN:107 301 833
Bluestone Constructions Pty Ltd (In Liquidation) trading as Bluestone Constructions
ACN:137 356 686
QLD JANUARY ADMINISTRATIONS
Post Plus Aus Pty Ltd
ACN: 606 258 708
First Choice Haulage Pty Ltd
ACN: 610 421 540
Sam Gill Corporation Pty Ltd
ACN: 168 929 995
Leaf Building Group Pty Ltd
ACN: 601 038 591
Praesidium Global Pty Ltd
ACN: 612 933 721
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