Expo firm in liquidation
Tuesday, 5 July, 2005 - 22:00
Creditors of Perth expo company Media & Events Pty Ltd resolved on Tuesday that the company, which owes more than $800,000, be put into liquidation.
Ian Francis has extensive corporate advisory experience with a strong focus on profit enhancement, cost optimisation, restructuring, strategic and transaction advisory support. Mr Francis is experienced in undertaking business reviews and due diligence. He has strong and respected working relationships with large retail banks, accounting firms, major law firms, large public companies and government agencies. He advises across a diverse range of industries including property and construction, retail, healthcare, hospitality and agriculture. Mr Francis was a board member of the Western Australia State Committee of the Australian Restructuring Insolvency & Turnaround Association for 13 years and a national board member for three years.
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Creditors of Perth expo company Media & Events Pty Ltd resolved on Tuesday that the company, which owes more than $800,000, be put into liquidation.
Mine site water infrastructure group GFR has become the sixth Perth-based company to call in administrators in as many weeks, citing deteriorating trading conditions and significant contract delays.
Pluton Resources is in the midst of a battle between creditors, with major shareholder General Nice Resources and secured creditor Rizhao Port Group Logistics fighting over who gets to appoint receivers to the iron ore miner.
Carna Group has been placed into administration after revealing it is fighting the owners of the Griffin coal mine for payment for work done prior to walking off the Collie mine last year.
SPECIAL REPORT: WA’s economic slowdown hasn’t led to the dramatic rise in insolvencies many had expected, according to leading industry representatives.
Slightly more than 1,000 Western Australian companies had external administrators appointed in the 12 months to May this year, an increase of 29 per cent on the previous period, according to the latest numbers from the Australian Bureau of Statistics.
Two Perth-based gold miners have run into trouble, with Troy Resources striking problems at its mine and Kingsrose Mining falling into voluntary administration.
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 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.
Private equity investors have bought the assets and business of Welshpool-based coatings distributor Robayne, two months after the company was placed into voluntary administration.
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 administrators of Gascoyne Resources have recommended creditors support a deed of company arrangement (DOCA) that includes a capital raising targeting up to $80 million and a potential full return to unsecured creditors.
The Supreme Court has rejected an attempt by the corporate regulator to overturn payments to insolvency experts Martin Jones and Andrew Smith.
Gold play Wiluna Mining has appointed administrators after months of growing pressure.
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.
Grand Cinemas has called in administrators and will close two of its five cinemas after struggling to recover from pandemic closures and capacity limits.
Hoyts has bought three venues from Grand Cinemas and administrators mulling options for two remaining venues weeks after the longstanding Perth business went under.
Drilling and equipment supplier Schramm Group has brought in voluntary administrators less than two weeks after an employee was fatally injured at the company's workshop in Welshpool.
Administrators of Wiluna Mining Corporation have estimated the collapsed gold play owes $43.8 million to unsecured creditors, a court judgment shows.
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Ian Francis is linked to 1 organisation which is included in 4 lists - Lobbyists, Consulting Firms, Insolvency Practitioners and Public & Investor Relations Firms.
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