#Administration
Grocon goes into administration, putting subcontractors and suppliers at risk of not being paid
One of Australia’s largest construction companies, Grocon, has gone into administration, leaving subcontractors at risk of unpaid contracts. Grocon is known for developments such as Melbourne’s casino, Eureka Tower and the Rialto Towers. Grocon’s chief executive, Daniel Grollo, blamed its administration on Infrastructure NSW for its handling of the Central Barangaroo project. “It is unfortunate […]
NSW company director convicted after engaging in phoenix activity
Ms Soutsakhorn Chanthabouly (known as Nicole Khammenathy) of Carnes Hill, NSW has been convicted and sentenced after pleading guilty to charges related to illegal phoenix activity. Ms Chanthabouly was charged with one count of breaching her director duties and another count of destroying company records, following an investigation by ASIC. She was sentenced to a […]
Laura Ashley falls victim to administration again
Retailer falls into administration.
Zumbo’s dessert empire in administration
Dessert company goes into administration.
Orgs losing $56b per year to admin burdens
Non-essential tasks and poor performing technology are eroding employee engagement and productivity, costing Australian and New Zealand organisations $56 billion per year, a new study reveals. Workforce management solutions provider Kronos partnered with Coleman Parkes Research to assess the the level of engagement within Australian and New Zealand businesses. As part of this undertaking, the […]
How to fail in business without really trying
Back in the brick-and-mortar days all any upstart needed to launch a new venture was a bank loan and a bit of gumption. And while the rules of commerce and capital have remained fundamentally the same, there have been seismic shifts in the technological and marketing landscape. That means businesses have to be more forward […]
Back from the brink: From administration to million-dollar profits
When Rob Dallimore returned to Worldwide Printing Solutions as CEO in 2010, the business was in bad shape. Dynamic Business sat down with the CEO to find out how the business was turned around.
How to deal with financially troubled businesses
With administrations and liquidations steadily on the rise, more businesses are finding themselves having to deal with the fact that their trading partner has fallen into potentially fatal financial strife.
Diligence key to avoiding bad debt
A jump in the number of businesses entering external administration should serve as a warning to SMBs to do research before taking on new customers, says a leading credit management expert.
Business insolvencies spike, as creditors get aggressive
There’s been a strong rise in the number of businesses entering external administration (EXAD) for the three months to September, as poor sales and increased creditor activity takes its toll.
SME insolvency on the up: ASIC
The number of businesses entering external administration jumped almost 6 percent in the last financial year, with insolvency practitioners reporting more activity in the SME sector as a result of tighter Australian Taxation Office debt recovery.
$250,000 program to upskill unhappy employees
Australian registered training organisation Upskilled has launched a $250,000 initiative to provide individuals with career help. Upskilled developed the offer after noting survey results showing that more than half of working Australians are unhappy in their careers.
Souvlakihut sold after going into administration
Following the announcement of the appointment of an administrator, a contract of sale has now been entered into for the purchase of the business of the franchisor of the Souvlakihut network.
Automate Your Business
Businesses with better things to do rather than deal with the tedious elements of administration will find using software-based automation could save a lot of time and money. Investing in this form of technology will drive down costs and improve quality and use of data. More importantly, software-based automation could make a huge difference in […]
Online management with Rob Phillpot and Leigh Jasper from Aconex
Managing information online simply made sense to Rob Phillpot and Leigh Jasper. And so they founded Aconex, an online information management and collaboration service which services projects with a combined value of AU$200 billion across 44 offices worldwide. When it comes to the beginnings of their Aconex business, Phillpot says: “We were two young guys with […]