I believe there is an application before the courts in Victoria to close the business . Does anyone know why? Or have any more information.
Greg 1 said
11:45 PM May 9, 2020
They were having some financial woes this time last year with the factory gates under forced closure. They sorted it then but maybe the virus is the final straw.
montie said
10:39 AM May 10, 2020
A winding up request was lodged on the 1/5 by Incepio Pty Ltd and will be heard in the Supreme Court, Victoria on the 27/5.
Source...ASIC.
Hylife said
07:14 PM May 11, 2020
Their South African Parent was placed into liquidation in February last year for unpaid debts.
Their Australian operations was locked out for the same reason after sales dropped from 44 a month to 12 for the entire year.
They made an arrangement with their creditors to hold off liquidation but it appears that was not enough long term.
My searching shows Incepio aka Stockdale Solutions are an Australian and South African turn-around management consultancy.
I suspect they were brought in to fix the broken company but without success are now winding it up.
I believe there is an application before the courts in Victoria to close the business .
Does anyone know why? Or have any more information.
Source...ASIC.
Their Australian operations was locked out for the same reason after sales dropped from 44 a month to 12 for the entire year.
They made an arrangement with their creditors to hold off liquidation but it appears that was not enough long term.
My searching shows Incepio aka Stockdale Solutions are an Australian and South African turn-around management consultancy.
I suspect they were brought in to fix the broken company but without success are now winding it up.