Recent filings

Congo Brands Australia enters administration as sales slump, winding-up case looms

The Australian distributor of influencer-backed beverage brand Prime appointed an administrator after reporting a sharp decline in revenue, substantial inventory writedowns and a $1.4 million annual loss

QPM Energy enters administration as Dyno Nobel enforces security

McGrathNicol administrators and FTI Consulting receivers will continue the Queensland gas and power group’s operations while urgently assessing restructuring options

Apex Advisory appointed over Hobart Pub Group as seven venues shut

Seven prominent Hobart venues have closed after Pub Banc Group and Hotel Banc Group entered voluntary administration, with Apex Advisory pursuing an urgent sale or recapitalisation

Gold bullion trader wound up after funding case fails

The Supreme Court of Victoria has ordered World Digital Gold Bullion Pty Ltd into liquidation after the gold bullion trading company failed to prove that related-party funding relied on to establish solvency was genuinely available

Betts enters administration, plans closure of 20 shoe stores

Australian footwear retailer Betts has entered voluntary administration and will close more than half of its remaining stores as its administrators seek to preserve a smaller physical network and expand the 134-year-old brand’s online business

ZEN Energy enters administration after retail sale falters

ZEN Energy and related companies have entered voluntary administration after wholesale electricity price volatility undermined efforts to sell the renewable energy retailer as a going concern, despite regulatory approvals for a proposed transfer of its retail operations

Carconnect enters liquidation following attempted sale

RSM liquidators will investigate the collapse after an attempted sale failed and creditors rejected any prospect of a restructuring

Melbourne Chinese language school enters administration

NAB appoints FTI receivers to activewear brand Stax

Online operations and two Sydney stores will continue trading for now while the receivers assess the company’s future

Racing NSW wins appeal over Australian Turf Club administration

NSW Court of Appeal upholds Racing NSW’s power to place Australian Turf Club under statutory administration, ruling that concerns about club’s finances, governance and ability to operate Sydney’s four thoroughbred racecourses fell within regulator’s horse racing functions

Network RV Group enters administration

SV Partners is seeking buyers or investors for the Victorian caravan manufacturer and its dealership operations as administrators assess customer orders, inventory and the viability of continued trading

Goterra enters voluntary administration after funding push falls short