The Orchard in Penrith enters Voluntary Administration amid ‘challenging market conditions’

A popular dining destination has been placed into voluntary administration as it battles with the cost-of-living crisis. The sprawling business in Penrith, which includes a cafe, bar and restaurant, first opened two years ago. Dubbed “Western Sydney’s most memorable venue”, the site has been the backdrop for many weddings and special events. However, “a period…

Scottish Company Insolvencies Rise by 5% Amid Debt Challenges

During November, 114 company insolvencies were registered in Scotland, a 5% increase compared to the previous year. Data from the Insolvency Service reveals this includes: 55 creditors’ voluntary liquidations (CVLs) 54 compulsory liquidations 5 administrations No company voluntary arrangements or receivership appointments were recorded. Historically, compulsory liquidations were the dominant type of insolvency in Scotland.…