‘Substantial insolvent trading’: Disability care company collapses
A Sunshine Coast disability care provider has collapsed with approximately $1.4m owing to creditors as the company’s director faces fraud allegations.
Company Collapses
The latest news on Queensland company collapses
Homes unfinished, riddled with defects after Brisbane builder’s $1.5m collapse
Former customers are living a nightmare as they try to salvage anything they can out of the trail of devastation left in the wake of a Brisbane builder’s collapse. WATCH THE VIDEO
Desperate calls for rescue package as restaurant, cafe industry crumbles
Skyrocketing costs and decreasing consumer spend are destroying the country’s restaurant and cafe sector, with industry leaders calling for the government to step in and help before it’s too late.
90 job losses: Top Qld chef’s food empire in dramatic collapse
Liquidators have seized control of the food empire owned by the prominent Queensland chef behind popular restaurant Montrachet, with all venues to cease trading immediately.
Not Hunky Dory at Palm Beach, Byron fish and chip shops
Plans of a high profile fish and chips chain to scale into other states have taken a battering, with stores at Byron Bay and the Gold Coast closed and two companies in liquidation.
Collapsed Queensland shed company’s seven-figure debt revealed
The scale of debt owed by a collapsed Queensland shed company has been revealed as more than 30 creditors, including the Australian Taxation Office, emerge.
Coast man banned over $4m failures of Brisbane companies
A Gold Coast man has been handed the longest possible ban from running companies, after four of his Brisbane businesses collapsed owing more than $4m to suppliers, staff and the ATO.
Liquidation looms as brewery’s frothy debts revealed
The liquidation of a popular Gold Coast craft brewery looks inevitable after administrators found it had likely been insolvent since 2022. The amount of its crippling debt has also been revealed
Tritium insolvency warning five months before collapse
Tritium, the poster child of Anthony Albanese’s manufacturing revolution, was in talks about a potential insolvency appointment five months before the fast charger firm collapsed.
Redback burns taxpayer cash, calls in administrators
Renewable energy firm Redback Technologies, which has received millions of dollars in taxpayer funding, has called in administrators after racking up big losses.
Construction group in liquidation, amid $200m in debt disputes
A national construction company with projects along the east coast – and hundreds of millions in debt – is finally in liquidation. READ WHAT HAPPENED:
Ipswich horse trailer, caravan manufacturer folds owing $1.7m
A manufacturer of horse floats, caravans and trailers west of Brisbane has entered into liquidation, owing $1.7 million to the ATO, suppliers, customers and employees.
Civil construction giant in $21m collapse, claims of insolvent trading
A criminal investigation has been launched after the collapse of a Queensland civil construction giant with debts of more than $21m and claims of insolvent trading.
Two more building companies in administration
The controversial director of a struggling national construction group has placed two key companies in administration, averting wind-up action which loomed in court for both.
Barbera family firm collapses owing millions to staff, creditors
A farming company in operation for almost 50 years has gone into liquidation while owing $16 million to creditors, in the latest financial scandal to hit the Bundaberg-based empire.
Monster Qld construction company collapses owing $83m
Two companies that made up a major Queensland construction firm have collapsed, leaving nearly 1000 creditors more than $80 million out of pocket.
Something has to give: Bean counters warn Covid cafe crunch coming
Queensland’s coffee culture has given rise to a record number of cafes according to a new report, but there is a downside.
Extraordinary warning against liquidated Brisbane tradie
The Office of Fair Trading has publicly warned Queensland customers to not deal with a liquidated but still operating builder after claims people were ripped off to the tune of thousands of dollars.
Crippling debt: Insolvency ‘tsunami’ worst since GFC
Corporate insolvencies are heading towards their highest level since the GFC more than a decade ago as battered and bruised businesses succumb to crippling debts.
Staff fury as IV drip firm director marries overseas amid collapse
The Drip IV Australia saga continues to unfold amid alleged debt scandal. SEE THE VIDEO
$14m debt: Major civil works company collapses owing hundreds of creditors
One of North Queensland’s largest civil construction companies could be sold off as its administrators look to claw back more than $14 million owed to hundreds of creditors.
Tradies lash out as Brisbane builder plunges into administration
A Brisbane-based building company that has taken on $10 million worth of projects since July has been plunged into administration, with claims subbies are owed thousands.
Fears failed building giant amassed huge debts
Collapsed building giant St Hilliers is at least $6m ‘in the hole’ on one of its major Queensland projects with subbies tipping any rescue package was doomed to fail.
The failed luxury boat builder that sank dreams
Customers of a now collapsed Gold Coast luxury boat builders face an expensive battle to get their vessels finished in Chinese shipyards.
Qld building industry rocked as seven companies collapse in week
Seven Queensland construction firms have collapsed in the past week alone with the industry under “immense” pressure amid a brutal summer.
Brisbane builder in $300k collapse as liquidator flooded with calls
A Brisbane building company of more than 20 years has gone into liquidation amid worsening conditions for Queensland’s already embattled construction industry.
$1.2m owed, elite school job unfinished as Gold Coast builder goes into liquidation
A prominent Gold Coast builder and son-in-law of one of the Glitter Strip’s richest men has put his construction company into liquidation, with more than 50 creditors owed money and a job at a major school left unfinished.
Staff, suppliers owed in Brisbane juice company’s $1.6m collapse
A Queensland juice distributor that went bust several weeks ago owes $1.634m to more than 100 unsecured suppliers and staff.
Liquidators seek probe into builder’s $80m collapse
Privium’s liquidators are seeking funding for a public examination into the reasons behind the building firm’s $80m collapse.
Failed builder NPM Group owes $40m
Failed construction business NPM Group owes about $40m, with subbies and other suppliers unlikely to see a cent returned to them by liquidators.
‘Extremely fast’: Popular Qld juice brand goes bust
A Queensland business that supplied popular juices and other products to some of Brisbane’s most high-end venues, including the Calile and W hotels, and Howard Smith Wharves, has gone bust.
Coast construction company in liquidation, owes $47m
After months of uncertainty about the future of the company and its hundreds of creditors, a major Gold Coast building company has been wound up and placed into liquidation.
Pool construction company takes a dive, announces liquidation
The husband and wife team behind a Moreton Bay pool construction company have been forced into liquidation, unable to cope with increasingly difficult business conditions.
‘Untenable’: 100 jobs gone, Brisbane projects shut down as major builder collapses
More than 100 workers have lost their jobs after major, nationwide builder NPM Group collapsed on Monday, shutting down construction sites across Australia.
Morgans execs questioned over $91m company collapse
Broking house Morgans has been accused of using shareholders’ proxy votes without their knowledge in a boardroom coup at troubled dental firm Smiles Inclusive.
Full list: Cost of living crisis as 68 Qld firms collapse in a month
A steadily increasing number of Queensland businesses are “being squeezed from both ends” and seeking help from insolvency experts. FULL LIST OF COLLAPSES
Failed dental group boosted revenue with Bartercard
Failed dental group Smiles Inclusive used Bartercard dollars to make help boost revenue projections ahead of its $35m stock market listing in 2018.
Building industry failures mount as costs rise
External administration appointments in the construction industry rose to 660 since the start of the new financial year, ASIC data shows.
Yacht firm’s $23m collapse leaves buyers high and dry
A Gold Coast firm making ‘six-star’ luxury motor yachts in China, where designers commanded up to $300,000 per year, has gone under, owing an estimated $23m.
Gold promoter David Catsoulis’s mansion in liquidation sale
Gold promoter David Catsoulis’s waterfront mansion on the Gold Coast has been sold after his company which owns it was placed in liquidation.
Directors’ homes ‘on the line’ as bankruptcies set to explode
The ATO’s dash for cash is putting pressure on struggling business owners who have their homes on the line as many edge closer to bankruptcy. SEE THE FULL QLD LIST
Failed Couran Cove company ‘may have traded insolvent’ for 2yrs
A new report has revealed what likely caused the collapse of the company behind the popular Couran Cove resort before its closure earlier this year. Read the shock findings
145 company collapses: Qld insolvencies jump in July
Construction and hospitality groups have driven a big jump in the number of companies hitting the wall in July. See the list of names.
Subbies burnt as major builder for Hungry Jacks, KFC collapses
A Brisbane construction company that included KFC, Guzman Gomez and Hungry Jacks among its clients has gone under with some subbies owed almost $400,000.
Named: 87 Qld companies that collapsed last month
Rising interest rates, inflation and labour shortages have conspired to ensure insolvencies in Queensland were up 34 per cent in July compared to 12 months ago. SEE THE LIST
Can’t be saved: Cowch franchise owner’s sad message
The founder of a deluxe Brisbane and Gold Coast dessert bar chain has confirmed in an emotional public message that a buyer cannot be found. The four outlets have now closed.
Major building company collapses into administration
A major Gold Coast building company has collapsed into administration, leaving staff out of work, construction of more than 500 apartments in limbo and untold debts to suppliers and subcontractors.
Inside the chaotic, controversial history of doomed franchise
It promised to deliver food with a difference and Karen’s Diner certainly endured a wild ride across Australia. This is the story of the franchise’s $4.3 million collapse.
High-profile restaurateur banned after $2.8m collapses
Salt Meat Cheese restaurateur Edoardo Perlo has been banned from managing companies for four years, following links to the collapse of several restaurants that owed nearly $3m.
Music festival goes into liquidation
The promotion company behind a Gold Coast music festival which was `rescheduled’ two weeks before the event was to be held in February has now gone into liquidation.
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