News Articles for McGrathNicol

Up to 181 Dick Smith jobs may go

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Dick Smith will close every one of its concessions in David Jones department stores next week as the receivers seek a buyer for the ailing electrical retailer.

Dick Smith fate unknown for 6 months

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Dick Smith's fate may not be decided for another six months, with administrators set to apply for more time to investigate the downfall of the electrical retailer.

Bankers seek answers from Slater & Gordon

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Embattled law firm Slater & Gordon has confirmed its lenders have appointed investigative accountants to scrutinise its books.

Dick Smith for sale as lenders take charge

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Dick Smith, one of Australia's best known electronics retailers, has been put up for sale, with lenders taking charge of the troubled company after it failed to secure a funding injection.

Goldstar Transport completes purchase

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Kewdale company Goldstar Transport has struck a deal to buy the major assets of MJ & CM West Transport Services, nine months after another Pilbara-focused transport business changed hands.

KordaMentha top corporate doctor

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There has been a significant re-ranking of insolvency firms in WA, with some relatively new brands winning market share from the big players.

Gresham wins vanadium gig

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The receivers who took charge of the Windimurra vanadium project in February have put the trouble-plagued mine up for sale, with Gresham Advisory Partners appointed to find a buyer.

Mushroom sale sees significant interest

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Receivers have said there are more than two dozen potential buyers in the sale of WA's largest locally owned mushroom farm, Jongro, with expressions of interest closing this week.

Advance management pressing ahead

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The printing business has made headlines recently for redundancies and corporate failures, but not everyone is pessimistic about the sector as new technology and competition from the internet chang

Print group's Perth future unclear as break-up proceeds

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The receiver of national printing group GEON is continuing negotiations over the future of its Perth business, following the sale today of its NSW and Victorian operations and the closure of its Qu

On the move

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McGrathNicol expands Perth team

Worldwide credit crisis snaps printers into new era

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The new owners of loss-making print franchise Worldwide Online aim to revive a battered brand to take on market leader Snap Printing.

Tony Jack blasts Great Southern receiver

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Local forestry veteran Tony Jack has accused receiver McGrathNicol of using his bid for the collapsed Great Southern timber schemes to find a better deal for the bank creditors at the expense of out-of-pocket investors.

Gt Southern receivers back Gunns bid

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The receivers of Great Southern have today made public its preference for timber company Gunns to assume responsibility for most of the collapsed company's plantation schemes.

Gt Southern investors seek lease control

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Great Southern investors are working on a plan to take back control of assets located on some of the breached third-party leases.

Martin broadens Great Southern bid

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The Gordon Martin-backed Pulpwood Plantations is extending its bid for Great Southern timber schemes to include all but one of the flagship plantations.

Gt Southern wine schemes to be wound up

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Receivers McGrathNicol has recommended that Great Southern's 2008 wine grape income project be wound up after it determined that a minimum of nearly $8 million would be needed to produce a 2010 vintage.

Great Southern placed in receivership

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A consortium of banks, owed $600 million, have called in receivers to timber plantation and cattle project manager Great Southern.

PPB Perth partners join McGrathNichol

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Two managing partners of insolvency practicioner PPB, Simon Read and Andrew Birch, together with many of their Perth staff, will join the team of McGrathNicol from July 30, the partnership has announced.