Environment Secretary Steve Reed signed off the appointment, with Sky News reporting FTI Consulting will act as an administrator in case Thames fails to secure funding from lenders. Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process. A spokeswoman for…
Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process. Environment Secretary Steve Reed signed off the appointment, which would still need to be approved in court, according to Sky News which first reported on the move. A spokeswoman for the…
– Advertisement – Struggling with insolvency, BluSmart’s valuable EV fleet and tech assets are trapped in subsidiaries, complicating creditor recovery and leaving its future uncertain. BluSmart, the electric cab firm, is grappling with a complex insolvency case that began on July 29, 2025, when the National Company Law Tribunal (NCLT) admitted a petition from a…
FTI Consulting has been brought in as an administrator in the event Thames fails to secure funding from lenders. Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process. Environment Secretary Steve Reed signed off the appointment, which would still need…
Environment Secretary Steve Reed signed off the appointment, with Sky News reporting FTI Consulting will act as an administrator in case Thames fails to secure funding from lenders. Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process. A spokeswoman for…
Environment Secretary Steve Reed signed off the appointment of FTI Consulting to act as an administrator in case Thames fails to secure funding from lenders, Sky News reported. Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process. A spokeswoman for…
Environment Secretary Steve Reed signed off the appointment of FTI Consulting to act as an administrator in case Thames fails to secure funding from lenders, Sky News reported. Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process. A spokeswoman for…
Ministers have lined up insolvency practitioners to prepare for the potential collapse of Thames Water, Britain’s biggest water utility. Sky News can exclusively reveal that Steve Reed, the environment secretary, has signed off the appointment of FTI Consulting to advise on contingency plans for Thames Water to be placed into a Special Administration regime (SAR).…
The Federal Office of Public Health (FOPH) has withdrawn the health insurance company’s license. KEYSTONE Zug-based health insurer Klug is insolvent and will cease operations at the end of 2025 after more than a century. The reasons are financial problems and internal disagreements. No time? blue News summarizes for you After 107 years, Zug-based health…
Vilnius Regional Court has filed a bankruptcy case against the company “United Catering Forces”, which managed the capital’s in the old town “Wok to Walk” restaurant, which opened in 2011, reports “Verslo žinios”. Asian food restaurant It started operating on Vilnius Street in 2009 and operated under the franchise wing of the Amsterdam chain “Wok…