The number of new businesses set up in Wales rose by 25.3% in July 2025 compared to the same month last year, while insolvency-related activity in the region fell by 19.7% over the same period, according to new research from R3, the UK’s restructuring, turnaround and insolvency trade body. R3’s analysis of data provided by…
Queensland developer Con Bassili is again under financial pressure, with multiple companies tied to him and long-time business partner George Cheihk now in administration or liquidation, carrying debts of more than $40 million. Bassili, 55, a former bankrupt, is a shareholder in Queensland Developments Payroll, which went into voluntary administration last year owing $5.4 million.…
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Subsea Services Limited is listed as a company that deals with “engineering related scientific and technical consulting activities.” But a resolution to voluntarily wind up the firm was passed during a meeting at the company’s office on 20 Bracken Road, near Duloch Park. Steven Wright, Licensed Insolvency Practitioners were appointed as liquidators on July 15. Liquidation is the…
Entertainment company mm2 Asia on Sept 1 announced that Cathay Cineplexes will undergo voluntary liquidation. The struggling cinema chain, which owes money to the landlords of several of its outlets, is unable to continue operating as a going concern, its parent company said. “Cathay Cineplexes had attempted to negotiate amicable resolutions with the various creditors,…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Cathay Cineplexes to undergo creditors’ voluntary liquidation amid mounting debts The Online Citizen Read the original article here
A crucial vote on Jon Adgemis’ proposed personal insolvency agreement has been pushed back to October 9, after his bankruptcy trustees adjourned last Friday’s creditors’ meeting without a resolution. The embattled publican, who owes around $1.8 billion, had put forward a deal that would return creditors just 0.15 cents in the dollar, partly funded by…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
Martine McCutcheon ‘declared bankrupt’ just months after heartbreaking split from husband MSN Read the original article here