Administrators have granted Clough's proposed new owner Webuild an extension to pin down a final agreement for the sale, allowing more time to negotiate and potentially take on more projects.
UPDATE: Administrators for Clough have found a new buyer in Webuild, the company that pulled out of a lifeline deal to save the Perth engineer just over a week ago.
Clough's administrators say they have fielded “multiple enquiries” from interested suitors after securing short-term funding to pay workers on projects caught up in the Perth engineer's collapse.
Italy's Webuild has backed out of a conditional deal to buy struggling engineer Clough, plunging the 102-year old Perth-based company into administration.
Fashion accessory chain Colette by Colette Hayman will close five of its stores in Western Australia, including both stores in the CBD, after the struggling retailer was placed into voluntary administration earlier this month.
Fashion accessory retailer Colette by Colette Hayman, which has 15 stores in Western Australia and 126 across the country, has been placed into voluntary administration.
Perth-based company Superfunded has been placed into liquidation after the Federal Court made orders to wind-up the business following an application by the corporate watchdog.
Local energy producer Empire Oil & Gas has entered voluntary administration today, two weeks after receivers took control of subsidiary Empire Oil, which operates the company's key Perth Basin assets.
Oil and gas software developer Stochastic Simulation has gone into liquidation, about five months after it went into receivership, with secured creditors likely to receive about 4 cents in the dollar in a best-case scenario.
West Perth-based copper producer India Resources has entered administration after facing numerous delays at its Surda mine in India, including strikes due to employee payment issues.
SPECIAL REPORT: WA's economic slowdown hasn't led to the dramatic rise in insolvencies many had expected, according to leading industry representatives.
Creditors of movie streaming service Quickflix changed administrators to Deloitte, just two weeks after the company voluntarily appointed partners from Ferrier Hodgson.
Highly indebted mining companies with limited cash flow need to make brave decisions as they face a protracted period of low commodities prices, Deloitte says.
Contractor Central Systems, which is best known for its civil construction works, has taken on the work in progress of collapsed builder Capital Works Constructions.
Administrators at Deloitte say collapsed builder Capital Works Constructions may have been trading insolvent from at least June 30 last year, while it had not been paying trades and suppliers on ti
