Rob Brauer

Belmont-based contractor NRW Holdings will purchase the mining and heat treatment businesses of RCR Tomlinson for $10 million.

The sale of RCR Tomlinson’s Western Australian operations is complete, with RCR Resources, RCR Power and RCR Water West sold to AvidSys Group for an undisclosed sum.

Aloha Surfhouse has been bought by a company connected to local fashion industry personality Natasha Marshall-Donnelly, after the Joondalup-based indoor wave park entered administration in July.

The Federal Court in Perth has approved the appointment of interim receivers to the property of Chris Marco, who the corporate watchdog has accused of running a large Ponzi scheme that is deeply in the red.

Kwik Transport & Crane Hire has gone into administration after losing two big contracts but related company Kwik Haul continues to trade.

ASX company M8 Sustainable has been placed into voluntary administration after being overwhelmed by growing debts and lack of cash flow into the business.

Liquidators assigned to property held by Chris Marco are able to distribute millions of dollars from the alleged Ponzi scheme to affected investors.

Perth-based recruitment business The GO2 People has entered into administration amid liabilities to Australian Taxation Office of more than $3 million and a legal dispute with a client.

Perth recruitment business GO2 Group has received a $3 million loan to continue its operations and potentially avoid layoffs after entering into voluntary administration.

Liquidators of Chris Marco’s property are seeking repayment from several people and a company they believe received funds from the unregistered investment scheme.

Barramundi farm operator Marine Produce Australia has received help from a Tasmania-based company to continue trading after exhausting funds, including from NAB.

The long-running process of winding-up companies associated with former mining high-flyer Michael Fotios has progressed after a debtors’ deed for Delta Resource Management was approved.