Telco reseller goes into administration owing $500K
Telecommunications reseller Highrise Telecoms has been placed under external administration owing $497,993 to unsecured creditors.
"administration" news, interviews, and features
News about administration
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Victorian telco entered administration owing $3.6M to creditors
Golden IT has claimed a "misleading" contract signed with Novatel Telecommunications led to the circumstances resulting in its external administration.
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Veriluma switches administrators after shareholder unrest
Veriluma has appointed new administrators after the company's annual general meeting was cut short in late November.
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BMS Technology to auction $1M in stock amid administration
BMS Technology's administrators have appointed Mason Gray Strange to conduct an auction of almost $1 million in stock.
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Aussie software vendor calls in the administrators
Local security software vendor, Veriluma, has entered into administration just over a year after its reverse-listing on the ASX.
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BMS Technology reveals almost $1M of debt after administration
Approximately $995,000 worth of debts was uncovered after the first creditors meeting of Adelaide-based distributor, BMS Technology.
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Income struggle sees NT services provider enter administration
Remote Technical Communication & Satellite Services has entered administration after struggling to generate enough income due to high competition.
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Behind BMS Technology's decision to call in the administrators
Accepting the reality there was "no future for the business", BMS Technology directors made the decision to enter into voluntary administration.
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Telstra partner goes down after commission structure revamp
Telstra partner, Interactive Telecoms, has appointed administrators after being hit by financial difficulties due to ongoing changes in the telco's commission structure.
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Allphones’ administration sees 34 store closures
The Allphones Group administrators have revealed that 34 of the group's stores have been closed, while 50 will continue to trade.
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Aussie tech sector sees insolvencies soar
Insolvencies look to be on the rise in the local IT industry, with the market segment contributing to 225 external administrators’ reports during the financial year ending June 2016.
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Dick Smith cuts staff count, closes 27 stores
Consumer electronics retailer, Dick Smith (ASX:DSH), will be closing down 27 of its stores and terminating the employment of 181 employees, according to receivers and Managers to Dick Smith Holdings and associated entities, Ferrier Hodgson.
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Kogan, Coles and Mwave.com.au help stranded Dick Smith customers
Dick Smith recently placed itself into voluntary administration, with the company’s administrator, Ferrier Hodgson, announcing that “due to the financial circumstances of the group, outstanding gift vouchers cannot be honoured and deposits cannot be refunded”.
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Adelaide's Intec Group goes into voluntary administration
Adelaide-based business consulting and IT provider, Intec Group has gone into voluntary administration after more than 20 years in business.
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EXCLUSIVE: Tonnex International falls into liquidation after lengthy court battle
Printing supplies wholesaler, Tonnex, has gone into liquidation after 16 years in business.
