News Articles for Kim Wallman

Fremantle distillery in administration

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Republic of Fremantle has called in administrators to restructure the urban distillery and bar business, after grappling with pandemic-induced delays and industry challenges.

Two more local builders go under

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Industry watchdog Building and Energy says it has been investigating concerns regarding residential builder Flexible Homes, which went into liquidation this week.

Court approves liquidators to control ‘$5m debt’

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A Kalgoorlie-Boulder engineering company is believed to owe about $5.2 million to 195 creditors, with a Supreme Court ruling giving its liquidators the power to sell assets.

Business failures fell in FY21

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The number of businesses collapsing in Western Australia fell by almost half in the 2021 financial year, matching decreases across the country.

Heartbreak and hope for city retailing

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ANALYSIS: About 110 shops in central Perth sit empty after challenging years in retail, but some in the sector believe now is the time to make their move.

JMG in liquidation

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One of the state's largest building surveyors, John Massey Group, has been placed into liquidation after it warned an insurance impasse could hike up costs.

‘Time bomb’ looms on insolvencies

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Business insolvencies in April were at their lowest in almost a decade in Western Australia, suggesting emergency COVID-19 provisions for directors had a major impact.

Fashion Council into administration

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Industry peak body Fashion Council WA entered administration on Friday, four months after private business Perth Fashion Festival suffered the same fate.

Local retailer enters administration

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Outdoor sports retailer Mainpeak has gone into administration after the local brand suffered continued financial losses.

Retail, hospitality hit by rents, slow spending

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The rate of business failures in hospitality and retail during the past year should be ringing alarm bells for decision makers.

Liquidation as pressure builds at Yagan Square

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Two businesses at Yagan Square have shut up shop in recent weeks, with warnings more may follow as tenants grapple with low foot traffic.

Barbaro Homes into liquidation

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Osborne Park-based Barbaro Homes has entered liquidation, a week after it ceased operations.

Record administrations in June

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Corporate administrations in Western Australia fell for the 2016-17 financial year, down by 5.2 per cent on the previous period, although a poor result for the three months to June suggests it is too early to call a recovery.

Insolvencies up in September

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Rental, hiring and real estate services were among the industries that fared worst as external administrations jumped 14 per cent in Western Australia for the September quarter, as insolvency experts warn that an economic rebound has not yet clearly emerged.

Tough medicine taken for trying times

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SPECIAL REPORT: WA's economic slowdown hasn't led to the dramatic rise in insolvencies many had expected, according to leading industry representatives.

Liquidator for Oceanic entities

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EY partner Vince Smith has been appointed liquidator of six funds management companies associated with the late David Jones, following a successful court application by the Australian Securities and Investments Commission.

Insolvency firms to merge

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Experienced insolvency practitioner Gary Anderson has agreed to merge his practice with Kim Wallman at HLB Mann Judd.