Sixty businesses collapsed in November as pressure builds on companies to stay afloat after government help is removed.
Sixty businesses collapsed in November as pressure builds on companies to stay afloat after government help is removed.

Aussie icon among 60 business closures

Queensland companies are continuing to collapse by the dozen despite the state's economy slowly recovering from the devastating COVID-19 shutdown.

In November 60 companies were put into liquidation or administration - far less than before the pandemic.

Previous modelling suggests thousands of Queensland small businesses continue to rely on the federal government's JobKeeper program and a moratorium on insolvent trading.

Credit reporting agency CreditorWatch has urged the government not to extend the moratorium on insolvent trading beyond December 31.

CreditorWatch CEO Patrick Coghlan said the measures had served the economy well, but declared now was the time to rebuild.

"Extending this provision for all businesses will only kick the can further down the road by allowing insolvent businesses to remain open and potentially put good businesses at risk, which are offering payment terms to zombie businesses that should have shut their doors months ago," he said.

 

UGG & EMU

The iconic Australian retailer based in the heart of Brisbane's CBD collapsed into liquidation after the closure of international borders eliminated its largest customer base.

UGG & Emu, a long-time tenant in the Queen Street Mall, was placed into liquidation this week after closing its doors on November 9 owing over half a million dollars.

The Australian retailer sold premium and casual sheepskin footwear primarily to international tourists.

The closure of the Brisbane store, operated by parent company Kynd Co Pty Ltd, does not affect UGG's Sydney or international sites, which are owned by unrelated companies.

 

EL AGUILA

A prominent Mexican eatery which served customers at Nundah for more than half-a-decade has become the latest restaurant to fall victim to COVID-19.

El Agulia, the North American-inspired restaurant on Sandgate Rd, built a strong base of customers in the six years before it was put into liquidation on November 18.

Control of Rising Sun Food & Beauty Pty Ltd, trading as El Aguila, was voluntarily handed to liquidator Nikhil Khatri of Worrells Solvency and Forensic Accountants.

El Aguila owes four creditors a combined $52,792, according to a financial report.

 

COMPANIES IN LIQUIDATION

Ooralea Pty Ltd

ACN: 30627309282

Wacoel Pty Ltd

ACN: 16627304796

Boonah Pty Ltd

ACN: 62627317579

Credible Designs Pty Ltd trading as CJ'S At Norwest

ACN: 64622899049

Itsus Group Pty Ltd

ACN: 16602301182

Kynd Co Pty Ltd trading as Hatana

ACN: 86141678051

Jendeck Investments Pty Ltd trading as Jendeck Industries

ACN: 41009804120

Australian Property Growth Limited

ACN: 56111628589

Southern Moon Corp Pty Ltd

ACN: 36146473421

One Design Pty Ltd

ACN: 45627051316

Thorpevale Pty Ltd

ACN: 34096166817

Better Call Benny's Pty Ltd

ACN: 96639688074

Fretne Pty Ltd

ACN: 31083934114

Axis Brick And Blocklaying Pty Ltd

ACN: 95624298479

G Dougall Dental Pty Ltd

ACN: 53065846540

Meemont International Pty Ltd

ACN: 77155985505

Yam Noodle Pty Ltd trading as Yum Cha & Co And Singapore & Co

ACN: 64163243829

Aldershot Pty Ltd

ACN: 75010021735

133 851 886

ACN: 84133851886

Australian Job Group Pty Ltd

ACN: 80609105982

Sitecrete Pty Ltd

ACN: 47600432273

Printing Success Pty Ltd

ACN: 93600822900

Apsc Pty Ltd

ACN: 39622532736

Intercity Ics Pty Ltd trading as QES Electrical; Intercity Cleaning Supplies; Intercity Cleaning Supplies; Intercity Cleaning Safety Supplies Pty Ltd

ACN: 85133530677

Lashtique Pty Ltd

ACN: 68601781471

Advanced Logistics For Timber Pty Ltd

ACN: 47623534305

Marine Engineering Consultants Pty Ltd

ACN: 53101412775

James Grace Infrastructure Pty Ltd

ACN: 80138188619

Jmt International Pty Ltd trading as Jedi Mum Tricks

ACN: 30635467613

Boss Contracting Solutions Pty Ltd

ACN: 85611688727

Ws Natural Food Pty Ltd trading as Previously trading as Sogongdong Tofu House

ACN: 16632359196

CGS Constructions (Qld) Pty Ltd

ACN: 64615984079

QC Constructions Pty Ltd

ACN: 91638434965

Floral Nominees Pty Ltd

ACN: 56644611361

Decs N Huds Constructions Pty Ltd

ACN: 41606843056

Australian Monofil Co Pty Ltd

ACN: 19009659554

Horticultural Training Pty Ltd

ACN: 25052320500

Suncoast Trading Pty Ltd

ACN: 44623889163

Arucas Pty Ltd

ACN: 76616412910

NQ Metal Fab Pty Ltd

ACN: 48602740858

Rainbow Blinds And Shutters Pty Ltd

ACN: 624 667 483

GG Gold Coast Pty Ltd

ACN: 118439240

Changstien Pty Ltd

ACN: 621268933

BBR Brisbane Pty Ltd

ACN: 621279196

34 Nerang Street Pty Ltd

ACN: 612375041

BBBR Pty Ltd

ACN: 163764369

Sherwood Services Qld Pty Ltd

ACN: 641632126

Rising Sun Food & Beauty Pty Ltd trading as El Aguila

ACN: 163187433

Bandiera Holdings Pty Ltd

ACN: 622918905

Pioneer Aisles Pty Ltd

ACN: 164927744

Arrosto Bar & Grill Pty Ltd atf The Arrosto Unit Trust

ACN: 617321310

Green Fuels QLD Pty Ltd

ACN: 627 192 787

Quadra Pacific Management Pty Ltd

ACN: 062 842 513

COMPANIES IN ADMINISTRATION

Medigard Limited

ACN: 090 003 044

SMILES INCLUSIVE LIMITED

ACN: 621 105 824

TOTALLY SMILES PTY LTD

ACN: 621 283 798

A.C.N. 634 253 562 Pty Ltd (Formerly Known as Pulp Juice Co. Lutwyche Pty Ltd)

ACN: 634 253 562

A.C.N. 629 335 128 Pty Ltd (Formerly Known as Pulp Juice Co. The Gap Pty Ltd)

ACN: 629 335 128

Yelm & Co. Pty Ltd

ACN: 616 750 013

Brothers St Brendans Leagues Club Limited

ACN: 009 940 827

 

 

 

 

Originally published as Restaurants, Aussie icon among 60 collapses



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