NEWS

Developer Ralan Group in Administration Owing an Estimated $500m to Creditors

One of Sydney's largest property developers, Ralan Group, has entered into voluntary administration, leaving billions of dollars worth of apartment projects in doubt and around $500 million owing to creditors.  Administrators Grant Thornton said they would undertake...

Call for national company law changes to stamp out illegal phoenix activity

In relation to builders who closed their doors to avoid cladding-related claims, Premier Daniel Andrews has stated that legislative changes would take time and that changes in anti-phoenixing laws were up to the federal government.  State legislative changes would...

Napoleon Perdis Group in administration

Australian cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk . Company directors had been trying to find a buyer for months, but Administrators will now consider restructuring or pursuing the sale...

Industries predicted to rise and fall in 2019

Several industries are expected to boom this year, according to industry analyst forecasts, while others could see revenues fall by as much as one-quarter. IBISWorld has released a list of the industries predicted to rise and fall over the next 12 months and below is...

Warnings of further collapses in retail as Specialty Mens Apparel, trading as Ed Harry, appoint Administrators

Retail experts warn menswear business Ed Harry won’t be the only retailer to succumb to subdued retail conditions in the coming weeks as the industry comes to terms with lacklustre holiday trading. The business, which has 87 stores across the country and almost 500...

Construction Activity in Australia’s Residential Sector Continuing to Decline

If the latest signals from the Australian construction sector are anything to go by, 2019 could turn out to be rough year for the broader Australian economy. Activity levels plunged at the fastest rate in nearly four years last month, driven by an even steeper decline...

Fastline Logistics collapses leaving 120 workers jobless

Fastline Logistics, a Melbourne company distributing products for retail brands and stores, has collapsed, leaving 120 workers jobless and owed millions in entitlements . The union is investigating the recent stripping of major assets from Fastline to another...

Multimillion-dollar app development company Appster collapses into liquidation

A former golden child of the Australian startup and tech scene, Appster was once hailed as the ‘next Apple’ by commentators due to the company’s intense growth, boasting over $19 million in revenue and more than 400 staff across four international offices prior to its...

Laura Ashley in administration, again

Retail chain, Laura Ashley, has fallen into administration for the second time in as many years, threatening the future of 18 stores and 100 workers. The fashion and home furnishing retailer, which operates under license from the UK Laura Ashley business, claims an...

RCR Tomlinson collapses owing millions

RCR Tomlinson,  founded in 1898,  is one of Australia’s largest publically listed construction companies, with government and private sector clients including Transport for NSW, Metro Trains Melbourne, the Water Corporation of WA, Sydney Water, and...

Contact Trade Credit Risk Today

Speak to a specialist consultant to discuss how we can help protect your business.