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Walter Construction Group
Walter Construction Group Limited, known for most of its life as Concrete Constructions Pty Ltd, was one of Australia's oldest and fifth largest construction company prior to its 2005 collapse. The company was founded on 21 April 1920 by Allen Lewis. It remained independent until 1999, when the company was bought by the German Walter Bau and rebranded as Walter Construction Group. Collapse Before its collapse, Walter Construction had two divisions: "Construction and Civil", and "Mining". While the mining division was profitable and expanding, the construction division had been losing money since 2000. By the company's collapse, 18 of its 21 contracts were cashflow negative. During this period the company heavily relied on its parent company for financial support, however Walter Bau was also experiencing financial difficulties and both companies were placed into liquidation on 3 February 2005. KordaMentha was appointed the administrator, and proceeded to liquidate the remaining ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Holland Group
The John Holland Group is an infrastructure, building, rail and transport business operating in Australia and New Zealand. Headquartered in Melbourne, it is a subsidiary of China Communications Construction. History The company was founded in 1949 by John Holland. In 1991 the business was purchased by Janet Holmes à Court's Heytesbury Pty Ltd. In 2000, Leighton Holdings bought a 70% stake in the company, this was increased to 99% in 2004 and 100% in December 2007. In December 2002, the construction assets of Transfield Holdings were acquired. In November 2012, John Holland Tunnelling was awarded the International Tunnelling Contractor of the Year, for the Northern Sewerage Project in Melbourne. In December 2014, Leighton Holdings agreed terms with China Communications Construction to sell John Holland. The transaction was completed in April 2015 after the Federal Government approved the sale. Major projects Major projects include: Transport As part of the consortium s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Construction And Civil Engineering Companies Of Australia
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The construction i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Construction And Civil Engineering Companies Established In 1920
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The construction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Sydney
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grosvenor Place (Sydney)
Grosvenor Place is a commercial office tower in George Street, Sydney, Australia, which was designed by renowned architect Harry Seidler. The building provides office space on the south-eastern edge of the city centre suburb of The Rocks, adjacent to the northern limits of Sydney's CBD; it is 180 metres tall and contains 44 floors. Current tenants include Deloitte, Colliers and Lendi. Grosvenor Place is owned by Blackstone Property and Arcadia. Description The building occupies an entire block in Sydney's city centre suburb of the Rocks, bounded by George Street, Essex Street and Grosvenor Street (after which the building is named). As well as the modernist office tower facing George Street, the complex includes the Johnsons Building and Royal Naval House – two low-set heritage buildings in Grosvenor Street. There is a diagonal path for pedestrians, which runs between the heritage buildings and the main tower. The premium grade office tower was designed by Harry Seidler ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament House, Canberra
Parliament House, also referred to as Capital Hill or simply Parliament, is the meeting place of the Parliament of Australia, and the seat of the legislative branch of the Australian Government. Located in Canberra, the Parliament building is situated on the southern apex of the Parliamentary Triangle atop Capital Hill, at the meeting point of Commonwealth, Adelaide, Canberra and Kings Avenue enclosed by the State Circle. Parliament House was designed by Mitchell/Giurgola & Thorp Architects and built by a Concrete Constructions and John Holland joint venture. It was opened on 1988 by Elizabeth II, Queen of Australia. It cost more than A$1.1 billion (equivalent to about $ billion in ) to build. Federal Parliament meetings were held in Melbourne until 1927. Between 1927 and 1988, the Parliament of Australia met in the Provisional Parliament House, which is now known as "Old Parliament House". The construction of Australia's permanent Parliament House was delayed while ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Mountain Tower
Telstra Tower (also known as Black Mountain Tower and formerly Telecom Tower) is a telecommunications tower and lookout that is situated above the summit of Black Mountain in Australia's capital city of Canberra. It is named after Australia's largest telecommunications company, Telstra Corporation. The Tower sits within the InfraCo division, which is responsible for its operations and maintenance. Rising above the mountain summit, it is a landmark in Canberra and offers panoramic views of the city and its surrounding countryside from an indoor observation deck and two outdoor viewing platforms. History In April 1971 the Postmaster General (PMG) at the time commissioned the Commonwealth Department of Housing and Construction to carry out a feasibility study in relation to a tower on Black Mountain accommodating both communication services and facilities for visitors. The tower was to replace the microwave relay station on Red Hill and the television broadcast masts already on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Gorton Building
The John Gorton Building, also referred to as the Gorton Building and formerly the Administrative Building, is a heritage listed government office located within the Parliamentary Triangle in Canberra, Australia. The office building is the administrative headquarters of the Department of Climate Change, Energy, the Environment and Water. Planned in 1924, designed in 1946 and completed in 1956, the Administrative Building is significant as a good Canberra example of the Inter-war Stripped Classical style. Key features of this style displayed by the building include: the symmetrical facades; the division of the elevations into vertical bays; the occasional use of correct Classical details; the use of a basic Classical column form; the expressed portico; the simple surface treatments; and subdued spandrels between the storeys which emphasise verticality. Design elements which retain a high level of integrity include the exterior, foyers, lift lobbies and central corridors. The Ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trading While Insolvent
A number of legal systems make provision for companies trading while insolvent to be unlawful in certain circumstances, and provide for directors to become personally liable for a company's debts if they have acted improperly. In most legal systems, the liability in respect of unlawful transactions only extends for a certain period of time prior to the company going into liquidation. UK law Under UK insolvency law, trading once a company is legally insolvent can trigger several provisions of the Insolvency Act 1986, including: *Wrongful trading – Section 214 *Transaction at an undervalue – Section 238 *Preferences – Section 239 *Extortionate credit transactions – Section 244 A limited company becomes insolvent when it can no longer pay its bills when due, or its liabilities—including contingent liabilities such as redundancy payments—outweigh the company’s assets. This is a critical point in the lifespan of a company as it denotes when the direct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Construction
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The constructio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administration (law)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the administ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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