Cafe closed, life savings gone and $491k in debt

A failed cafe has cost a Dunedin businessman his “entire life savings” and left his company owing nearly $500,000. Jonathan Lyons said the ongoing costs of running Copper on Highgate, which he bought in July last year, factored “100%” into the decision to liquidate his company. The cafe stopped trading in mid-April. “If we hadn’t…

Ross Labels enters voluntary 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

Labour is offering ‘no positive support whatsoever’, says brewer Adnams amid mounting debt pile fears

By EMILY HAWKINS Updated: 07:00 AEST, 30 May 2025 Struggling brewer Adnams has said that hospitality firms are ‘receiving no positive support whatsoever from the Government’ as its debt pile remains ‘unsustainable’. Simon Townsend, the interim chair of the Ghost Ship maker, said that hospitality businesses were ‘facing a number of headwinds’ this year, including…

Virgin Media O2 enhances support for vulnerable customers through partnership with Money Wellness

Virgin Media O2 and Money Wellness have announced a new partnership that will improve the support available to financially vulnerable customers The agreement will enable Money Wellness to directly support Virgin Media O2 customers who are struggling financially and will see Virgin Media O2 agents receive bespoke training to better spot signs of potential vulnerability…