Firms on cusp of collapse beg for help as ATO chases $35bn
As the ATO chases down $35bn in debts, an increasing number of small businesses at risk of collapse are calling in liquidators to prepare restructuring plans.
Company Collapses
The latest news on Queensland company collapses
Cult burger chain collapses as ‘record-level’ insolvencies rock hospitality
A popular burger bar is one of the latest high-profile Brisbane hospitality companies to fold after years of skyrocketing operating costs and tightening customer spending.
Director flaunts European trip on socials despite $7m company debt
The director of a Sunshine Coast construction company that owes nearly $7m has shared a series of lavish overseas holiday snaps on social media.
$2m hole uncovered in Brisbane restaurateur’s company administration
A Brisbane restaurateur’s company, which established a popular waterfront venue on the Sunshine Coast, has entered voluntary administration with an estimated debt of more than $2m.
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$20m disappeared from failed builder before collapse: court told
The boss of failed Queensland builder Privium allegedly set up a complex series of transactions before its collapse that saw $20m effectively disappear from the company, a court has heard.
Troubled beauty empire enters liquidation with $1m tax debt
A beauty empire that operates more than five clinics in Brisbane has entered liquidation with an Australian Taxation Office debt of almost $1m.
Major Qld supplier to Coles, Woolies collapses
A Queensland-based supplier of plant-based and meat-free products to Woolworths and Coles has collapsed, with fears of product shortages.
Officeworks-backed circular economy pioneer in liquidation
A circular economy pioneer that started out as the World’s Biggest Garage Sale charity and is part-owned by Officeworks has gone into liquidation.
‘How was this allowed to happen?’ Contracts torn up in tower mess
Contracts for more than 60 apartments in a Gold Coast development have been torn up, leaving “heartbroken” buyers buyers without their long-awaited homes. Read how it happened
Major Brisbane restaurant chain collapses
A major restaurant group with six venues across Brisbane including in Fortitude Valley, Newstead and Milton has entered into voluntary liquidation.
Funding failure claims battery maker Redflow
Voluntary administrators have been appointed at battery maker Redflow, a move that raises concerns over the viability of the Albanese government’s Future Made in Australia policy.
Transport company liquidates owing $600k+ to creditors
The director of a liquidating transport and logistics company disputes the company traded while insolvent, which was under financial duress since 2022.
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