Ellume hits the skids with $100m in losses
Prominent Brisbane biotech firm Ellume has called in administrators after racking up more than $100m in losses and being hit by a costly recall of faulty Covid-19 tests.
Company Collapses
The latest news on Queensland company collapses
Failed building firm sold Ferrari for tidy profit
Gold Coast building firm Pivotal Homes sold a top-of-the-line Ferrari for a tidy profit before it collapsed earlier this year, creditors have been told.
Subbies fear Oracle debt blowout, call for QBCC shake-up
Subbies say the Queensland building regulator should have taken action against Oracle months before it collapsed and fear its debts could blow out to $40m.
Double devastation: Oracle victim’s dreams crushed in 24 hrs
A Queensland man had his world come crashing down after being diagnosed with a life-threatening disease on the same day as the Oracle collapse which left his dream home unfinished.
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Gregan’s collapsed empire on the block
Former Wallaby captain’s coffee shop, bar and restaurant group is on the market after collapsing with $1 million in debt.
Brisbane entrepreneur’s 2nd company crash in two years
A Brisbane entrepreneur’s latest business venture has fallen in a heap almost exactly two years after his first tech venture hit the wall owing $2.3m.
Street Swags collapses just months after founder exposed as ‘lying trickster’
A Brisbane charity has collapsed just two months after its award-winning founder was denounced for improperly spending huge amounts of donated money.
Brisbane builder collapses owing subbies $420k
A Brisbane building company has gone into liquidation owing close to half million dollars after a dispute with a subcontractor.
Big headaches as builder of tiny homes goes bust
A Queensland building company specialising in tiny homes has gone bust leaving a string of angry customers behind and estimated debts of $1m.
Bundy billionaire sacks entire Aussie workforce as empire implodes
Collapsed supply chain financier Greensill Capital has swung the axe, with all its Australian staff losing their jobs and 500 staff in its UK office expected to be retrenched.
Brisbane construction firm goes under owing $3m
A Brisbane civil construction company has gone under owing creditors $3.1m, with CreditorWatch expecting the number of external administrations to rise in coming months.
Greensill clan’s $40m land buying spree
Worrying signs the Greensills’ bid to gain lucrative farm supply contracts may be collateral damage in financial firm’s collapse.
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