There have been two company liquidation notices in the Melbourne Local Government Area today, bringing the total for August to 15.
Today’s liquidations:
MAIN STREET VENTURES PTY LTD
Alibaba International Logistics Pty Ltd
News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state.
Here’s the list of all liquidations for August in Melbourne, by postcode:
3000:
Alibaba International Logistics Pty Ltd
CMR Victoria Pty Ltd
HS CONSORTIUM CAPITAL MANAGEMENT PTY LTD
MAIN STREET VENTURES PTY LTD
MODO LIFE ZETLAND PTY LTD
Movox Pty Ltd
Provide Nominees Pty Ltdtrading asProvide Capital
The Canvas Art Factory Pty Ltd
Verve Hospitality Pty Ltd
Volatility Financial Services Pty Ltdtrading as’Implied Volatility’
3002:
MGA Apartments Pty Ltd
Mack Consulting Group Pty Ltd
3004:
Unip Australia Pty Ltd
3141:
AI KAMBO PTY LTD
AI Kaplan Pty Ltd
Liquidators are appointed to wind up the affairs of a company when it closes down.
They can be appointed in a voluntary winding up of a business; whether initiated by members or creditors; or as part of a court-ordered winding up.
Their role is to sell off the business’s assets and use the resulting funds to pay off debts, if there are any.
ASIC publishes liquidation notices, as well as other insolvency and external administration-related notices throughout the day every weekday.
The previous liquidation article for the Melbourne council area can be viewed here.
Corporate watchdog ASIC also takes action against the individuals behind failed companies. Here is a look at some of the exposed blacklist: 1000 banned or disqualified Aussie directors, advisers named