News Articles for Daniel Woodhouse

Insolvency practitioners have taken control of Margaret River wine producer Tate Wine, the latest local alcoholic beverage maker to buckle under industry headwinds.

Creditors owed money by collapsed gold play Wiluna Mining are set to be repaid in full after administrators stuck a deal with two major shareholders.

As market pressures persist in the heated construction sector, insolvency experts are seeing trouble spread to mining services.

The corporate watchdog has launched civil legal action against under-administration gold play Wiluna Mining and its former chairman over “misleading claims to investors” on its last-ditch capital raise.

Creditor claims of more than $740 million have piled up against the taxpayer-backed East Rockingham waste-to-energy plant, including from Acciona and National Australia Bank.

The East Rockingham Waste to Energy plant has been handed over to administrators and receivers with an eye to sell the nearly completed project, which remains embroiled in a legal dispute.

More than half of Quintis's workforce have been made redundant, with some of its Western Australian operations placed onto care and maintenance.

Sandalwood producer Quintis has been placed on the market after receivers were appointed to the business this week, with the sale to include its operations and facilities across Australia.

Australian Potash has announced it exited administration yesterday, with its directors fully back in control of the company.

The Federal Court has approved a six-month extension sought by administrators of collapsed miner Panoramic Resources as they examine the dozens of expressions of interest to buy.

The administrators of Panoramic Resources will suspend operations at its Savannah nickel mine in the Kimberley region, resulting in immediate redundancies for hundreds of staff.

Administrators of Wiluna Mining Corporation have estimated the collapsed gold play owes $43.8 million to unsecured creditors, a court judgment shows.

Grand Cinemas has called in administrators and will close two of its five cinemas after struggling to recover from pandemic closures and capacity limits.

As many as one in two construction businesses could be experiencing cash flow pressures and at risk of insolvency, an expert has warned.

Administrators for Wiluna Mining will investigate details of a last-ditch capital raising that collected less than the company reported to the ASX in the weeks before its collapse.

Gold play Wiluna Mining has appointed administrators after months of growing pressure.

Liquidators for Forex Capital Trading released their investigation report, finding that the company's former customers have incurred a loss of at least $77.5 million.

The administrators of Perth-based Transit Clothing have announced that the business will close and cease trading at all remaining store locations within the coming week.

The Western Australian Club, which has been running since 1893, has been placed in the hands of administrators, one week after another historic icon - West Perth Football Club, founded in 1885 – took the same path.