News Articles for Matthew Donnelly

Uncertainty a constant for under-fire coal

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The state government has been presented with five options to resolve the imbroglio threatening WA's coal supplies.

Judge chews out Deloitte liquidators’ evidence

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A federal court judge has been left baffled over the limited information from the liquidators of Michael Dunjey's company assets, allegedly valued in the millions of dollars.

Court lifts Ascent decision suppression

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The Federal Court has unveiled its judgment against Michael Dunjey that found his company Ascent having liabilities of $117 million and likely to have operated a Ponzi scheme.

Court orders Ascent wind-up

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The corporate watchdog has succeeded in its bid to wind up Ascent Investment surrounding allegations the company and its director Michael Dunjey owed investors almost $150 million.

Creditor sinks Vietnam Industrial

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More than $100 million is believed to be owed by ASX-delisted Vietnam Industrial Investments, as the Perth business which had previously boasted high profile directors is sent into liquidation.

Coal supply key in Griffin collapse

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Cor Cordis has been appointed as liquidator of Griffin Coal, joining receivers Deloitte, with the power to potentially cancel a supply deal with Bluewaters.

Collapses shake construction foundations

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When administrators from Deloitte walked into the West Perth offices of WBHO Infrastructure in February, they knew speed would be critical to rescuing the business.

SRG, WBHO deal approved

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Creditors to WBHO Infrastructure have approved a deal to sell the business to SRG Global.

WBHO Infrastructure deal to be an "excellent outcome"

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Creditors of WBHO Infrastructure will decide next week if they accept a bid by SRG Global to buy the collapsed company, with administrators warning the alternative is liquidation.

SRG Global to acquire WBHO Infrastructure

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Subiaco-based SRG Global has announced plans to take over West Perth-based rival WBHO Infrastructure as part of a $15.2 million deal following the company's collapse late last month.

Watchdog progresses Ascent probe

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The corporate watchdog has taken to the Federal Court in a bid to appoint provisional liquidators to Applecross-based Ascent Investment just months after having its assets frozen.

Worker debts tip of the iceberg

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About $14 million is owed to Probuild employees, while Main Roads is among those grappling with potential project delays.

Probuild, WBHO Infrastructure collapse

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Administrators were appointed to 18 WBHO Australia entities overnight, including West Perth-based WBHO Infrastructure, and Probuild, which could be expected to owe at least $250 million.

Metals X closes Nifty copper mine

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Four hundred Metals X employees and contractors have lost their jobs after the company halted operations at its Nifty Copper mine today, one day after another Pilbara miner Millennium Minerals entered into voluntary administration.

Empire Oil & Gas into administration

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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.

Empire production assets under receivership

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Updated: Empire Oil & Gas has appointed voluntary administrators to its wholly-owned Empire Oil subsidiary, which controls its core Red Gully assets.

Leadership change at Thornton

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Grant Thornton has replaced Perth office managing partner Bill Stephen with Matthew Donnelly.

Gavin sought to buy Pilbara laundry

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The managing director of collapsed Perth building firm Gavin Construction made an unsuccessful last-ditch bid to recover a failed Karratha laundry project just weeks before appointing administrator

Desert Plains sale fails

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Western Australia's competitive mobile accommodation market has resulted in the demise of family-owned and operated company Desert Plains.

Update: Construction company into administration

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Balcatta construction company Oostveen Pty Ltd, which previously traded as Niche Construction WA and Niche Developments, has been placed into external administration.