| Architecture |
- Supplier of architectural and design services.
- Business ceased trading from March 2020 to July 2021.
- Carried a legacy debt when trading recommenced.
|
Debt: $179,318
SBR: $40,000
Rate: 20.30c/$ |
| Bakery |
- A bakery with both retail and wholesale activity.
- There was a dramatic downturn in sales during the COVID pandemic.
- Carried a superannuation liability along with a debt to the ATO and unsecured lenders.
|
Debt: $585,333
SBR: $70,000
Rate: 17.72c/$ |
| Bakery |
- A bakery with both retail and wholesale activity.
- There was a dramatic downturn in sales during the COVID pandemic.
- Lost its high-profit business in wedding cakes and the like during lockdowns.
|
Debt: $213,000
SBR: $53,000
Rate: 25.00c/$ |
| Concreting |
- Two related businesses restructured at the same time.
- Reduced cashflow during the COVID Pandemic with lockdowns affecting the building and construction industry.
|
Debt: $274,274 & $422,784
SBR: $55,000 & $70,000
Rate: 19.06c/$ & $23.71c/$ |
| Construction |
- Earthmoving/excavating services for roads, drainage and pipework.
- Company was a victim of fraud, which together with the effects of the COVID pandemic, had resulted in reduced cash flow and unmanageable debts.
|
Debt: $420,000
SBR: $50,000
Rate: 11.90c/$ |
| Construction |
- Production and installation of steel frames.
- Increase in the costs of materials and the level of fixed costs.
|
Debt: $380,000
SBR: $75,000
Rate: 18.95c/$ |
| Demolition and Excavation |
- Ceased trading during an online fraud investigation.
- The management of staffing issues during lockdowns and staff losses due to the conditions imposed on them.
- The cancellation of existing projects and the inability to replace them.
- Negligence of the business’s former accountants.
|
Debt: $417,000
SBR: $160,000
Rate: 34.52c/$ |
| Disability Support Services |
- Ceased trading during an lockdowns.
- The management of staffing issues during lockdowns and staff losses due to the conditions imposed on them.
- COVID +ve clients not able to be serviced.
|
Debt: $479,000
SBR: $125,000
Rate: 23.00c/$ |
| Engineering |
- Steel fabrication and general engineering services.
- Reduction in work from travel restrictions.
|
Debt: $542,000
SBR: $100,000
Rate: 18.50c/$ |
| Franchised Fast Food |
- Outlet is based at a Victorian University and was not given rental relief during lockdowns.
- Significant downturn in business during lockdowns.
- Rental and stock increases impacted profitability.
|
Debt: $442,000
SBR: $75,000
Rate: 15.52c/$ |
| Gym |
- Membership-based gymnasium.
- Start-up business impacted by government restrictions during the COVID pandemic and localised floods.
|
Debt: $260,000
SBR: $40,000
Rate: 13.0c/$ |
| Hospitality – Cafe |
- Regional Café with 22 employees.
- Victorian State Government lockdowns impacted sales with little or no reduction in fixed costs.
|
Debt: $260,000
SBR: $48,250
Rate: 18.54c/$ |
| Hospitality – Hotel/Pub |
- Hotel/pub with approximately 40 employees.
- Melbourne-based pub that suffered through lockdowns.
- Needed to pay its owed superannuation to be elligible.
|
Debt: $323,000
SBR: $35,000
Rate: 10.82c/$ |
| Hospitality – Hotel/Pub |
- Hotel/pub with approximately 20 employees.
- Regional city in NSW
|
Debt: $425,000
SBR: $75,000
Rate: 17.62c/$ |
| Hospitality – Hotel/Restaurant |
- Operates a bar, restaurant, accomodation and live music venue in rural Victoria.
- A slow return to pre-COVID tourism levels and fewer ‘events’ has resulted in less income than budgeted.
- Staffing issues, including the departure of a senior staff member and the inability to recruit enough casual staff.
|
Debt: $170,000
SBR: $30,000
Rate: 16.62c/$ |
| Hospitality – 2 Hotels |
- 2 inner-city bar, restaurant and live music venue in Melbourne operating as separate businesses.
- Venue was closed to patrons from March 2020 to October 2020 and generated little revenue from take away sales.
- Lockdown uncertainty in 2021 meant venue was closed.
- Fixed costs and staff entitlement didn’t diminish during 2020 and 2021.
|
Debt: $670,000 & $750,000
SBR: $125,000 & $165,000
Rate: 17.38c/$ & 20.53c/$
|
| Hospitality – Restaurant |
- Italian restaurant in metropolitan Melbourne.
- Significant debt to the ATO.
- Ceased trading 3 months prior to the SBR.
|
Debt: $165,000
SBR: $35,000
Rate: 20.34c/$ |
| Interior Design |
- Commercial interior design consultancy.
- Most of the business’s projects were cancelled or significantly delayed.
|
Debt: $320,000
SBR: $71,000
Rate: 22.24c/$ |
| Retail Property Developer |
- Land was purchased to develop a supermarket in the outer suburbs of Melbourne.
- The business suffered a loss on the sale of land after a project was cancelled when the lessor fell over.
- Part of its debt was paid to the Deputy Commissioner of Taxation, but a significant amount remained.
|
Debt: $530,000
SBR: $280,000
Rate: 49.11c/$ |
| Retail Property Developer |
- Land was purchased for a retail property development in rural Queensland.
- The business suffered a loss on the sale of land after a project was cancelled due to poor uptake from potential tenants.
|
Debt: $210,000
SBR: $66,000
Rate: 29.25c/$ |
| Security Services |
- A security business supplying guard and patrol services and security equipment.
- There was a dramatic downturn in sales during the COVID pandemic due to business uncertainty.
- Was not entitled to access Jobkeeper.
|
Debt: $936,000
SBR: $234,000
Rate: 25.00c/$ |
| Social Enterprise |
- An indigenous social enterprise business connecting Indigenous Culture, Country, Community, the Self and the Sacred.
- Lost all face-to-face contact with clients, which was cornerstone of its business.
- Suffered in State an Federal Governent spending cuts.
|
Debt: $206,000
SBR: $37,000
Rate: 18c/$ |
| Transport |
- Provides transport services as a subcontractor.
- Escalating fuel costs and an inability to change fixed rates.
|
Debt: $450,000
SBR: $73,000
Rate: 16.18c/$ |
| Transport |
- Provides transport services as a subcontractor.
- Shortage of work due to restrictions imposed due to COVID whilst fixed costs remained the same.
|
Debt: $150,000
SBR: $65,000
Rate: 41.94c/$ |
