The most recent information and gossip from Brisbane’s enterprise movers and shakers – that is Metropolis Beat…
A Presbyterian Church-run hospitality firm that offered meals to the aged and resort trade throughout Queensland has gone stomach up.
Contented Chef, owned by troubled aged care operator PresCare, was put into liquidation earlier this week including to the monetary woes of the church’s numerous companies.
Contented Chef was a industrial kitchen cooking meals and components for aged care houses, resorts, eating places and comfort shops. Peter Lucas, of PA Lucas & Co, has been appointed to wind up the agency, which was established in 2015.
Contented Chef is a subsidiary of PresCare’s Credere Providers Group, which in 2019 reported internet liabilities of $24 million. Credere additionally sells mobility gear and monitoring techniques for aged care sufferers.
Mr Lucas declined to touch upon why Contented Chef had been positioned into liquidation or the quantity owed to collectors. A collectors’ assembly can be held on Monday.
Earlier this yr, PresCare chief govt Wayne Knapp (illustrated) stated the organisation would try to promote its non-core operations.
It additionally would offload its aged care houses in Rockhampton, Maryborough, Townsville and Brisbane after racking up a lack of $12 million. Sydney-based Myhomecare has bought PresCare’s residence care operations however not the aged care houses.
McGrathNicol Advisory has been employed to handle the sale of the houses, which look after 600 aged residents. Mr Knapp was unavailable to remark.
WING AND A PRAYER
THE Presbyterian Church, which might hint its roots again to sixteenth Century Scotland, has been in a world of ache in relation to its enterprise operations for a number of years.
Credere’s auditors in 2019 raised a number of purple flags in regards to the quantity of the corporate’s liabilities which had risen from $19.8m the earlier yr to $24.8m.
“The corporate acknowledges that primae facie this facet of the monetary assertion signifies a big uncertainty as as to if the corporate will proceed as a going concern,” the auditor stated in a monetary assertion lodged with ASIC.
Nonetheless, the auditors stated the church had offered a pledge to supply ongoing monetary assist to permit it to satisfy its liabilities.
The report additionally flagged persevering with challenges for the group’s corporations as they established themselves in new markets. “A number of accounting techniques and lack of processes are main points which are being addressed as we transfer to place the group entities going ahead,” the monetary report stated. The corporate had written down the worth of its numerous companies together with Contented Chef, Stroll on Wheels and Surecom throughout 2019.
YOUR diarist was a bit mystified by the seating preparations on the Gabba when he took his cricket-mad 12-year-old son to the Large Bash match between Brisbane Warmth and the Hobart Hurricanes on Sunday night time.
We had wonderful seats within the Straight Drive part of the southern stand however have been squashed with different individuals into two rows of seats that have been surrounded by rows of empty seats in entrance and behind us.
When an aged woman subsequent to me fairly sensibly moved to one of many empty seats behind us so she may distance herself from everybody else, she was rapidly ushered again to her authentic seat by a safety guard.
At a time when social distancing is being inspired it does not make a variety of sense to squash everybody right into a row of seats when there have been loads of vacant seats out there. Go determine.
Initially printed as Church-run hospitality firm goes bust