Asset Backed Management Limited was wound up on 7 May 2019 by Judge Barton at the High Court in London following an investigation by the Insolvency Service. The Official Receiver has been appointed as liquidator. The court heard that Asset Backed Management, incorporated in January 2017, sold asset investment opportunities to members of the public,…
The U.K. High Court on Wednesday placed British Steel Ltd. into compulsory liquidation after the steel maker failed to obtain last-minute rescue funds from the government. The company, which employs more than 5,000 people, will continue operating while the governments Official Receiverthe liquidatorexplores options for the business, including a potential sale, according to a spokesman…
A Conewango Valley man who helped defraud more than 100 small business owners out of $397,249 through a debt restructuring scheme was sentenced Thursday to time served in prison, which equaled 9 months. Prosecutors wanted U.S. District Judge Lawrence J. Vilardo to send Mark Farnham to prison for 27 months. Farnham, 26, who pleaded guilty…
The government has been heavily criticised for allowing British Steel to fail. The desire to proceed cautiously is understandable, the business is in such a perilous financial state that it would probably have ceased trading altogether when talks broke down were it not for the support of the Official Receiver. Advancing 30 million of taxpayer…
By Caitlin Gibson, At first, Athena Cross was sure shed somehow misheard. As she sat in the sunshine at her sons college graduation ceremony at Morehouse College in Atlanta, where billionaire tech investor Robert F. Smith was addressing the 2019 graduating class, Smith suddenly made a stunning announcement: His family would create…
— Company will explore strategic alternatives for its immuno-oncology programs — Company will align its resources to focus on HEPLISAV-B commercialization — Eddie Gray, CEO, to retire BERKELEY, Calif., May 23, 2019 (GLOBE NEWSWIRE) — Dynavax Technologies Corporation (NASDAQ: DVAX), today announced a strategic restructuring to prioritize its vaccine business by focusing on the companys…
Liz Wells, May 23, 2019 THE financial position of Dalgrains has been clarified by Worrells Solvency & Forensic Accountants, with partner Adam Ward last week appointed as its liquidator, and the company this week advising Dalgrains records indicate it traded profitably for a number of years from its office in Dalby. It would appear that…
British Steel, the U.K.s second-largest steelmaker, has gone into liquidation, blaming uncertainty over Brexit for its demise. The British government is now in control of the company after declining to provide it with a 30 million pound bailout and the search for a buyer has already begun. British Steels private-equity owner, Greybull Capital, said its…
(Reuters) – The collapse of British Steel has once again put private equity owner Greybull Capital in the spotlight for the wrong reasons. Run out of London by Frenchman Marc Meyohas using family money, Greybull is well known for buying up companies in distress on the cheap with the aim of turning them around. But…
news, local-news, winemaking tasmania, wine, administraion, producer, cider, tasmania Winemaking Tasmania has been placed into voluntary administration. The Tasmanian wine and cider producer has entered the administration with the appointment of Andrew Yeo and David Vasudevan of Pitcher Partners. Mr Yeo and Mr Vasudevan will oversee continued trading of the company while an independent assessment…