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Daily Archives: February 22, 2019

Company conned small businesses to sponsor sham drug campaigns – GOV.UK

BankruptcyBy Insolvency GuardianFebruary 22, 2019

Data (Northern) Limited was wound up in the public interest on 18 February 2019 in the High Court in Manchester by District Judge Obodai. The Official Receiver has been appointed as liquidator of the company. Stockport-based Data Northern was incorporated in February 2010 and the company was concerned with producing drug awareness booklets for schools.…

Bankrupt nightclub boss sentenced for acting as company director – GOV.UK

BankruptcyBy Insolvency GuardianFebruary 22, 2019

Matthew Daniel John Sellars (40), from Bristol, received a nine month prison sentence at Bristol Crown Court on Thursday 7 February after he pled guilty to three counts of acting in the management or as director of a company while an undischarged bankrupt. On passing sentence, HHJ Hart also disqualified Matthew Sellars from acting as…

Pearson posts falling sales but rising profits during restructuring – Financial Times

RestructuringBy Insolvency GuardianFebruary 22, 2019

Pearson reported a slide in sales on Friday but profits rose at the educational publishing group as it promised to stabilise the company this year amid a painful restructuring. Revenues tumbled 9 per cent to 4.1bn in 2018 compared with the previous year while pre-tax profits rose 18 per cent to 498m, the company said.…

Bryan County group prepares for garage sale to help pay down student lunch debts – WSAV-TV

Debt HelpBy Insolvency GuardianFebruary 22, 2019

BRYAN COUNTY, Ga., (WSAV)- Alocal group is gearing up for a garage saleto he… Read the full article at: https://www.wsav.com/news/local-news/a-bryan-county-group-is-preparing-for-a-garage-sale-to-help-pay-down-student-s-lunch-debts/1801038112

Square Enix Is Restructuring Its Company After Disappointing Q3 – TechRaptor

RestructuringBy Insolvency GuardianFebruary 22, 2019

It seems that gaming companies are restructuring left and right this year. Shortly after the Activision Blizzard news, Square Enix is following suit with a plan to consolidate after disappointing Q3 results. According to its financial report for the nine-month period that ended on December 31st, 2018, profits had fallen by 60.1% from the year…

Veriluma wins $2M Defence contract after end of administration – ARNnet

LiquidationBy Insolvency GuardianFebruary 22, 2019

Credit: Dreamstime Australian security software vendor Veriluma has signed a $1.9 million contract with the Department of Defence. Listed on the Australian Securities Exchange, Veriluma announced the three-year contract with Defence on 22 February, with a possibility for a two-year extension. Veriluma did not specify details of the contract only stating it will play a…

PepsiCo layoffs begin as restructuring plan kicks off – Business Insider

RestructuringBy Insolvency GuardianFebruary 22, 2019

PepsiCo has kicked off a round of layoffs impacting employees in multiple offices, two people who were laid off by the company told Business Insider. The company announced in a quarterly earnings call last week that it expects to incur $US2.5 billion in restructuring costs through 2023, with 70% of charges linked to severance and…

Seeking debt advice will help your finances – and improve your health and wellbeing – Daily Record

Debt HelpBy Insolvency GuardianFebruary 22, 2019

Seeking advice about your debts can make improvements to your wellbeing within weeks, according to a new report. The findings from StepChange Debt Charity are good news for people where debts are having an impact on their health. The link between debt and depression is well documented, with money worries causing sleepless nights, stress and…

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