Dino Travaglini

Perth-founded IT company XciteLogic has been placed in the hands of administrators with debts of just under $4 million.

Perth-based information technology company Datacom has swooped on the failure of its peer XciteLogic to expand into new territory.

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

A big group of Western Australian farmers is among unsecured creditors expecting to receive as little as 7 cents in the dollar from the collapse of failed fertiliser supplier Superfert Dongbu.

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

Perth business executive Tim Brady is planning to list his new software business AssetOwl on the ASX through a $6 million reverse takeover of Regalpoint Resources.

Osborne Park-based builder Quattro Homes has been placed into administration, the fourth residential builder in Western Australia to collapse in the past three months.

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.

The collapse of yet another Western Australian residential builder appears set to further upset the delicate state of the sector, with financiers, insurers, 350 trade creditors and as many as 130 home owners facing losses.

KordaMentha managing partner Cliff Rocke has taken on a new role, joining the Perth office of the advisory firm that is handling the collapse of residential construction group Builton.

More than 50 home building companies put themselves forward to take on the work in progress of collapsed builder Builton, with JWH Group emerging as the administrators’ top choice.

The Independent Living Centre WA has appointed Steve Glew chief executive. Mr  Glew was previously executive director of the department for child protection and family support, a role he held for just over ten years.