Romania’s largest face mask factory Techtex goes insolvent

Bankruptcy

Techtex, a company specializing in the production of technical textiles, mainly personal protective equipment (face masks, Dr. Albert brand), part of the IKEA supplier Taparo Group (also in dire financial conditions), has entered insolvency, according to Ziarul Financiar. The face mask factory was developed by the Taparo Group during the 2020 pandemic, with EUR 20…

AG says Treasury’s Eskom Municipal Debt Relief Support Programme has been a failure

Debt Help

CAPE TOWN – The Auditor General (AG) says Treasury’s Eskom Municipal Debt Relief Support Programme has been a failure.  Delivering the 2023-24 local government audit outcomes to Parliament on Wednesday, Tsakani Maluleke listed unfunded budgets, mismanaged indigent programmes and failed infrastructure projects as among the many problems plaguing municipalities.  But overall, Maluleke said a lack…

Happier Cars: Liquidators – BBC

Liquidation

We contacted Happier Cars, but have not received a response. The company is now in liquidation and the liquidators, Mercer and Hole, won’t comment whilst its investigation continues, but is asking for people who believe they are owed money to get in touch. Anyone who is a creditor of the company is requested to submit…

Ross Labels enters voluntary liquidation

Liquidation

Notice has since been issued that following a general meeting of the company, a special resolution was passed that Ross Labels Ltd would be wound up voluntarily; and an ordinary resolution was passed appointing the liquidator for the purposes of the winding-up. Read the original article here

Jans Holding: Parent company of NI firms which entered insolvency bought Scottish caravan park and land in £4.6m deal weeks earlier

Bankruptcy

Jans Holding completed the purchase of a holiday park and farmland in Scotland in April (Stock image) The parent company of three firms in Antrim which entered insolvency last week bought a caravan park and land in Scotland weeks earlier, it has emerged. Jans Holding paid approximately £4.6m to purchase Barnsoul Caravan Park and Barncrosh…