‘Red flags’ warning as 59 Qld firms go bust
Almost 60 Queensland companies shut down last month and there are concerns about the health of many others, with 9 per cent of firms unable to pay their bills on time. See the full list of insolvencies.
The latest news on Queensland company collapses
Almost 60 Queensland companies shut down last month and there are concerns about the health of many others, with 9 per cent of firms unable to pay their bills on time. See the full list of insolvencies.
The fashion giant behind popular brands including Noni B has closed 288 stores since the pandemic began and doubled its profits.
The founder of a Brisbane financial firm specialising in providing working capital to small businesses says the business is being wound up in an orderly manner and has not collapsed
A well-known Queensland businessman has issued this dire warning about the state’s tourism industry after being forced to close up shop.
Personal insolvency numbers are rising and expected to accelerate, and some Brisbane suburbs have been hit harder than others. See the list.
A wind-up bid has been launched in court against a Queensland company whose founder is a bankrupt who presided over the failure of another aviation firm just two years ago.
Construction company collapses so far this year have cost the industry $50 million, with a Brisbane cabinet maker and Gladstone concreter the latest to hit the wall.
Forget climate change, pandemic lockdowns are presenting an existential threat to tourism operators on the Great Barrier Reef.
Some resemble ghost towns, others are just scraping by, but a select few are still somehow thriving. Here, southeast Queensland retailers from Ascot to Ipswich reveal the true impact of the snap Covid-19 lockdowns.
Struggling retailers have been forced to lay off staff as the normally “booming” Hastings Street remains empty after lockdown.
Analysis reveals 343 businesses have plunged into liquidation since JobKeeper ended on March 29, with fears there is no end in sight for the tsunami of company collapses. SEARCH THE INTERACTIVE
Queensland’s hospitality scene could be decimated with a host of restaurants and cafes teetering on the edge of collapse.
An organic produce trader that operated in upmarket New Farm for a quarter of a century has become the latest retail victim of pandemic shutdowns.
Liquidators have been appointed to a Maleny gin and vodka “side hustle” run by a local builder that had deals with Dan Murphy’s.
Almost 1000 businesses collapsed in the past financial year leaving workers owed millions in entitlements – and taxpayers have been forced to fork the bill.
An innovative poke bowl store in Brisbane’s inner city has closed its doors saying “it was one lockdown too many”.
A flashy Gold Coast millionaire couple accused of spending investors’ cash on themselves flaunted their lavish lifestyle on social media in the months before their empire collapsed.
A Brisbane director has been disqualified from managing any company for four years after his involvement in six failed companies that owed in excess of $2m.
More companies hit the wall in July as experts warn dwindling cash flow means directors are under pressure to meet standards. Full list
A Brisbane security company that provided crowd control at music festivals has gone under owing about $1m after the pandemic caused the cancellation of major events.
Administrators of a failed Brisbane high-rise developer that collapsed owing $37m are investigating loans made by a financier linked to a former director of the firm.
The seemingly routine collapse of a Brisbane building firm specialising in roofing repairs has suddenly become far more intriguing due to a series of allegations.
A Brisbane real estate player who claims to be “responsible for the sales success of more than 100 projects throughout Australia amounting to more than $3 billion in sales’’ has tipped his company into liquidation, along with two other related entities.
A flashy Gold Coast property developer and his glamorous wife have had their assets frozen by a Supreme Court judge after the corporate cop raised fears investor funds had been spent on personal expenses.
A Brisbane construction firm specialising in concrete skateparks has collapsed after almost two decades building projects around the country.
Family trust injects $US2m into Greensill’s US operations to help pay employee entitlements and other costs, but there’s no money so far for Australian workers.
Former Wallaby captain’s coffee shop, bar and restaurant group is on the market after collapsing with $1 million in debt.
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.
A Brisbane charity has collapsed just two months after its award-winning founder was denounced for improperly spending huge amounts of donated money.
A Brisbane building company has gone into liquidation owing close to half million dollars after a dispute with a subcontractor.
A Queensland building company specialising in tiny homes has gone bust leaving a string of angry customers behind and estimated debts of $1m.
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.
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.
Worrying signs the Greensills’ bid to gain lucrative farm supply contracts may be collateral damage in financial firm’s collapse.
Controversy is nothing new for this wealthy Brisbane lawyer who continues to practice after his main trading company collapsed owing more than $6.2m – including $1.5m to the tax man – as records show he still owns three luxurious Hope Island mansions.
A wealthy Brisbane lawyer has raised eyebrows after making several sudden changes to his company just days before it collapsed with $6.2m in debts.
The Morrison government has been accused of being too cosy with collapsed controversial financier Greensill capital.
A family’s fleet of private jets looks set to be grounded as its billion-dollar business lies in tatters, with concerns now turning to the impact on the Queensland city where the business was born.
GFG Alliance is in talks with Greensill Capital over a repayments standstill, after the financier collapsed into administration.
The Queensland sugar city of Bundaberg could be in the firing line if the Greensill financial empire, founded by one of its favourite sons, goes under.
An explosive affidavit filed in a NSW court reveals the extent of the damage across the economy if financing group Greensill collapses.
A disgraced home and pool builder in southeast Queensland has wound up two of his companies as dudded consumers fume over his use of a loophole that allowed him to trade.
Queensland averaged at least one company collapse everyday in February with several key sectors the hardest hit. FULL LIST
It’s the end of the road for a well-known Queensland product used by generations of new parents hoping to soothe colic, teething and wind troubles distressing their babies.
A Queensland tile and bathroom products supply business, which has been operating for more than 20 years, has gone into liquidation.
Builders, retailers and transport companies were among 27 Queensland company failures over the past month. FULL LIST
The collapse of a Queensland start-up that manufactured robotics for the military is far worse than we first thought.
Construction and food services have suffered the most losses amid nearly 200 company busts across the nation in the last month latest figures reveal.
A national car transport firm employing 600 people at 20 sites across Australia has called in administrators after racking up losses in excess of $50m in the past three years.
A Brisbane gourmet delicatessen and fromagerie has closed its doors after losing hundreds of thousands of dollars in lost business due to the pandemic shutdown.
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