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Zombie firms kept alive to grab government cash | Ballina Shire Advocate

‘Zombie’ firms kept alive to grab government cash Scores of ‘zombie companies’ were kept alive in order to receive final government stimulus measures before being shut down, according to an insolvency expert. Business by Glen Norris Premium Content Subscriber only Scores of zombie companies have been kept alive in order to receive final government stimulus measures before being shut down, according to a leading insolvency expert. Revive Financial partner Jarvis Archer said the clean up of zombie companies was under way with an increase in liquidation appointments across a range of industries. A zombie company is defined as a failing firm that needs a bailout to successfully operate.

More businesses collapse amid JobKeeper wind up

  BDM Asia Pacific Pty Ltd, ACN:127 643 529 SA Services & PW Pty Ltd, ACN:641 079 905 Dourios Ippos Pty Ltd, ACN:611 790 179 Elite Steel Fixers Pty Ltd, ACN:625 287 827 Mounty County Formwork Pty. Ltd, ACN:607 988 947 JASON WILLIAMSON MANAGEMENT PTY LTD, ACN:146 555 811 Orphans Asia Pty Ltd, ABN: 99637786639 Lfg 2 Pty Limited, ABN: 12612421379 The Clairville Masonic Hall Co (Punchbowl) Pty Ltd, ABN: 66000016580 Lfg 12 Pty Limited, ABN: 12146005996 Grow Partner Pty Ltd, ABN: 41624423285, The Clairville Masonic Hall Co (Punchbowl) Pty Ltd, ABN: 66000016580 Lfg 2 Pty Limited, ABN: 12612421379 Sports 3.0 Pty Ltd Trading As Playersvoice, ABN: 43617983454, Dcp Litigation Holdings Pty Limited, ABN: 83627653829 Ec English Australia Pty Limited Trading As Ec English And Ec English Australia, ABN: 33627691696

More businesses collapse in March

More businesses collapse in March
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