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Baby City snapped up by new owner before end-of-year insolvency The Post Read the original article here
The company behind the award-winning Manchester spirit brand Didsbury Gin has gone into liquidation – owing close to £200,000 to creditors. Launched in 2017 by Mark Smallwood and Liam Manton, the co-founders enjoyed 15 minutes of fame when they made an appearance on Dragon’s Den in 2019, where they successfully received the backing of Jenny…
Craft Warehouse, a small local chain of arts-and-crafts stores, said Wednesday it is closing its locations in Beaverton and Vancouver. The stores — at 13503 S.E. Mill Plain Boulevard in Vancouver and 3125 S.W. Cedar Hills Boulevard in Beaverton — are closed Wednesday to prepare for liquidation sales starting Thursday at 9:30 a.m. “The liquidation…
Ohio Gov. Mike DeWine signed into law what will bring huge financial relief for hundreds of thousands of drivers. People with some debt-related license suspensions could get their licenses back by this spring. News 5 Investigators teamed up with the Marshall Project-Cleveland to report on this issue for more than a year. Our reporting led…
Star Entertainment’s future, which has been hanging by a thread for close on a month, has been saved. After a second NSW inquiry again found it unfit to hold a casino licence, the group has struggled to secure a financial lifeline and delayed the release of its accounts, which are expected to show huge losses…
Restructuring & Insolvency Laws and Regulations Report 2024-2025 ICLG.com Read the original article here
Woking council has declared it is in effect bankrupt after admitting a risky investment spree involving hotels and skyscrapers overseen by its former Conservative administration had left it facing a deficit of £1.2bn. In what is thought to be the biggest financial failure in local government history, the Surrey council said it had issued a…
In all three regions saw an increase in the number of companies being declared bankrupt in 2024. – In Flanders there was a record number of bankruptcies for the second year running: 6,674. This is 5.49% more than in 2023. – In Brussels, a total of 1,969 companies were declared bankrupt, a rise of 15.08%…
According to data from MarketWatch, the UK 30-Year gilt – an indicator for long-term borrowing costs – is up 21.2% since the beginning of the year, standing at 5.34% at the time of reporting. Yesterday (7 January), the yield hit 5.212%, surpassing the levels seen in the fallout of Liz Truss’ Mini Budget back in…