Update: Construction company into administration
Wednesday, 23 May, 2012 - 15:55
Balcatta construction company Oostveen Pty Ltd, which previously traded as Niche Construction WA and Niche Developments, has been placed into external administration.
Matthew Donnelly is an insolvency specialist who joined Deloitte as a partner in 2017. He previously spent 12 years with Grant Thornton, including the past three years as managing partner of its Perth office. Prior to that, he was manager of Ferrier Hodgson.
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Balcatta construction company Oostveen Pty Ltd, which previously traded as Niche Construction WA and Niche Developments, has been placed into external administration.
Western Australia's competitive mobile accommodation market has resulted in the demise of family-owned and operated company Desert Plains.The company was placed into administration two weeks ago after racking up debts of over $3 million.
The managing director of collapsed Perth building firm Gavin Construction made an unsuccessful last-ditch bid to recover a failed Karratha laundry project just weeks before appointing administrators to his own company in June.
Grant Thornton has replaced Perth office managing partner Bill Stephen with Matthew Donnelly.Mr Donnelly transferred from Melbourne in 2010 and has been partner in recovery and reorganisation.Mr Stephen will stay with the firm and continue his work as partner in superannuation.
Updated: Empire Oil & Gas has appointed voluntary administrators to its wholly-owned Empire Oil subsidiary, which controls its core Red Gully assets.
Local energy producer Empire Oil & Gas has entered voluntary administration today, two weeks after receivers took control of subsidiary Empire Oil, which operates the company’s key Perth Basin assets.
Four hundred Metals X employees and contractors have lost their jobs after the company halted operations at its Nifty Copper mine today, one day after another Pilbara miner Millennium Minerals entered into voluntary administration.
Administrators were appointed to 18 WBHO Australia entities overnight, including West Perth-based WBHO Infrastructure, and Probuild, which could be expected to owe at least $250 million.
About $14 million is owed to Probuild employees, while Main Roads is among those grappling with potential project delays.
The corporate watchdog has taken to the Federal Court in a bid to appoint provisional liquidators to Applecross-based Ascent Investment just months after having its assets frozen.
Subiaco-based SRG Global has announced plans to take over West Perth-based rival WBHO Infrastructure as part of a $15.2 million deal following the company's collapse late last month.
Creditors of WBHO Infrastructure will decide next week if they accept a bid by SRG Global to buy the collapsed company, with administrators warning the alternative is liquidation.
Creditors to WBHO Infrastructure have approved a deal to sell the business to SRG Global.
When administrators from Deloitte walked into the West Perth offices of WBHO Infrastructure in February, they knew speed would be critical to rescuing the business.
Cor Cordis has been appointed as liquidator of Griffin Coal, joining receivers Deloitte, with the power to potentially cancel a supply deal with Bluewaters.
More than $100 million is believed to be owed by ASX-delisted Vietnam Industrial Investments, as the Perth business which had previously boasted high profile directors is sent into liquidation.
The corporate watchdog has succeeded in its bid to wind up Ascent Investment surrounding allegations the company and its director Michael Dunjey owed investors almost $150 million.
The Federal Court has unveiled its judgment against Michael Dunjey that found his company Ascent having liabilities of $117 million and likely to have operated a Ponzi scheme.
A federal court judge has been left baffled over the limited information from the liquidators of Michael Dunjey’s company assets, allegedly valued in the millions of dollars.
The state government has been presented with five options to resolve the imbroglio threatening WA’s coal supplies.
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