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6 Toowoomba businesses that went bust recently

CLOSED: Veraison restaurant ceased trading in September last year.
CLOSED: Veraison restaurant ceased trading in September last year. Charlotte Lam

REPORTS from Australian Financial Security Authority show Toowoomba businesses experienced a total of 153 liquidations last year and there were another 36 across the Darling Downs' eastern region.

These six businesses were among dozens which struggled - some closed and some are still trying to trade their way out of difficulties.

Veraison

The sudden closure of popular restaurant Veraison in September last year shocked Toowoomba residents. It had won a number of awards from the Australian Good Food Guide.

The restaurant had only relocated to Ruthven St several months prior.

Customers were made aware of the closure when a statement on the restaurant's website read: "Due to current economic conditions we have decided to close the doors."

THIS MANY TOOWOOMBA BUSINESSES WENT BANKRUPT IN 2015

CJR 

Market saturation and a tough economic climate forced the closure of a well-known plumbing supplies business CJR in January. It effectively cut about 12 staff from its roster of 25.

The business' sheet metal workshop still trades.

BITTERSWEET TIMES: Cakes Galore CEO Julian Lancaster-Smith is hopeful the family-owned business can trade through its tough times.
BITTERSWEET TIMES: Cakes Galore CEO Julian Lancaster-Smith is hopeful the family-owned business can trade through its tough times. Bev Lacey

Cakes Galore

Just this month spirits for iconic Toowoomba company Quality Desserts dampened when parent company Cakes Galore went into voluntary administration.

The company is working closely with administrators SV Partners who remained hopeful it could continue trading in the future.

The site of Weis Restaurant.
The site of Weis Restaurant. Nev Madsen

Weis Restaurant

In March last year Weis Restaurant closed after 46 years of operation. Restaurant owner John Pohlman said economic factors, combined with council's decision to reject a marquee contributed to the decision.

Ivan Johnston and Co

Ivan Johnston and Co and two related entities, IJC Employment and Commercial Plumbing Services, went into liquidation in October last year, with more than $280,000 left owing to workers.

The Door ‘n’ Lock Centre mysteriously closed.
The Door ‘n’ Lock Centre mysteriously closed. Charlotte Lam

The Door 'n' Lock Centre

Customers from The Door 'n' Lock Centre were left out of pocket and some their homes inaccessible when the store closed without warning before Christmas.

While a sign at its premise stated the shop was closed due to ill health, Australian online retail and auction company GraysOnline hosted an auction of its stock in early December and rumours suggested staff were dismissed before Christmas.

Topics:  bankrupt business collapse ivan johnston and co toowoomba veraison voluntary administration weis restaurant


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