Brainytoys has called in Bryan Hughes of Pitcher Partners as administrator to the company, ending more than a year of uncertainty surrounding the Perth toy company.
Picking over the carcasses of failed companies and seeking to bring them back to life is something of a specialty in the Western Australian corporate scene, where the appetite for risk and a ready supply of listed shells have spawned a unique industry.
With the new financial year commencing this week, a number of Western Australia's lawyers and accountants will be celebrating the fact as new partners of their respective firms.
Croesus Mining NL subsidiary Central Norseman Gold Corporation Ltd will be sold separately or restructured, if everything goes according to the plan of company administrators Pitcher Partners.
