ScotPac has released the latest version of its SME Growth Index report, indicating that thousands of Australian SMEs were facing a ‘survival test’ as rising costs and ATO collections accelerate insolvencies. The report, an established pulse check of SME confidence and growth prospects, found 25 per cent of Australian SMEs said they could be tipped…
NUVOCO Vistas takes the lead in Vadraj Cement’s insolvency resolution process Construction Week Online India Read the original article here
US corporate bankruptcies hit 14-year high as interest rates take toll Financial Times Read the original article here
The materials supply and muck away specialist operates from a main yard near Heathrow Airport servicing sites across London and the South East. The company has an extensive fleet of tippers, grab lorries and artics and has been in business since 2016. Latest accounts for Ashville show the company employed 49…
Highlights Jaiprakash Associate Limited’s Committee of Creditors approved a 90-day extension of the Corporate Insolvency Resolution Process, after receiving 92.69% of e-votes in favor. The National Company Law Appellate Tribunal upheld the National Company Law Tribunal’s decision to admit Jaiprakash Associate Limited to Corporate Insolvency Resolution Process in June 2023. Jaiprakash Associate Limited‘s Committee of…
A County Derry linen mill has entered liquidation after its owners failed to find a buyer. The employees of the well established firm William Clark & Sons in Upperlands were said to receive the sad news just before Christmas. According to The Gazette Official Public Record, a meeting of creditors took place on November 29…
Slashing the Hecs debts of millions of university students will be a major boost for young Australians, the education minister says, as the federal government seeks a reset by targeting younger voters. The government has indicated it will take 20% off students debts, which would apply to $16bn worth of loans, if Labor wins the…
A County Derry linen mill has entered liquidation after its owners failed to find a buyer. The employees of the well established firm William Clark & Sons in Upperlands were said to receive the sad news just before Christmas. According to The Gazette Official Public Record, a meeting of creditors took place on November 29…
Over 4.4 million council tax bills have gone unpaid, piling up a staggering £4.4 billion in debt – and forcing over one million people into the hands of bailiffs, according to a survey Property specialist Sell House Fast found that 1.8 million cases of unpaid council tax in England and Wales were referred to court…
UK on track for most company insolvencies since 2009 Reuters UK Read the original article here