WA Insolvency Solutions

Applecross-based PDC Group has entered into an agreement for the sale of its building information modelling management business to a US construction services firm for an undisclosed sum.

Scarborough Beach Bar has been thrown a lifeline, with insolvency specialist WA Insolvency Solutions selling the company to hospitality operator the ARK Group, which currently operates venues including The Generous Squire and Market Grounds.

Founded in 2008 by Partners Kim Strickland and Chris Williamson, WA Insolvency Solutions (WAIS) has evolved into an industry leader in Voluntary Administrations and Creditors’ Voluntary Liquidations.

One of the state’s largest indigenous contractors, which counted Fortescue Metals Group and Roy Hill Holdings among its clients, has been placed into liquidation.

Australia faces an avalanche of insolvencies if small businesses simply defer rent, utilities and financing obligations and hibernate due to the impacts of COVID-19, with federal government stimulus packages announced to date not robust enough to save thousands of SMEs across the country.

Entities related to seafood vendor The Fish Boss have gone into voluntary liquidation after suffering financially during the COVID-19 pandemic.

Architecture firm HHA Architects has been placed into liquidation at the hands of property developer Norman Carey, after he won a court case to safeguard its insurance.

A rapid swing in momentum in the construction market has toppled businesses, and there are signs more could follow.

Liquidators have been appointed to New Sensation Homes, with labour shortages and supply chain pressure blamed.

Two Coyne Group entities have entered liquidation weeks after New Sensation Homes, but it’s understood the business units were not substantial.

Cliff Rocke has joined WA Insolvency Solutions as a partner, as the restructuring firm readies for an increased workload in months ahead.

Another Perth builder has gone under, with administrators appointed to Metro Homes WA Pty Ltd, which also trades as Hamlen Homes.

More details have emerged about the causes behind the administration of Metro Homes WA (Hamlen Homes), which collapsed yesterday owing $1.4 million.

An insolvency specialist who previously managed the estate of Lang Hancock will take control of the bankrupt estate of Russell Moran, which include debts of more than $120 million.

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

Rockingham brewery and restaurant Sound Brewing Co has appointed administrators from WA Insolvency Solutions, the second Perth brewer to do so in two weeks.

Administrators of a brewery and restaurant have succeeded in getting a court-ordered time extension after receiving 16 offers to buy the Rockingham business.

Boutique Busselton builder Odan Design & Build has gone into liquidation after its director resolved to wind-up the company, marking the second builder to collapse in just over 24 hours.

Childcare centre Unicare based at the University of Western Australia's Crawley campus has been placed into the hands of administrators with the intention to sell or restructure the organisation.

About 500 clients of Perth Pregnancy Centre will be forced to find alternative care services after the company collapsed with liquidators from WA Insolvency Solutions appointed.

The number of Australian companies hitting the wall is expected to exceed 10,000 by the end of the financial year, underpinned by the collapse of construction firms.

A Perth jetski and quad bike dealership has stumbled in liquidation, calling in experts Greg Prout and David Hurt from WA Insolvency Solutions to sift through its affairs.