Northern Irish business insolvencies increase whilst personal insolvencies fell

Latest monthly statistics from the Insolvency Service show that busines insolvencies increased whilst personal insolvencies fell in Northern Ireland in October 2025. The data shows that there 48 business insolvencies registered, 55% higher than in October 2024. The insolvencies was comprised of 35 compulsory liquidations, 12 CVLs and one CVA. There were no administrations or receivership appointments. Personal…

Excelsior Capital (ASX: ECL) Liquidation Vote Explained

Excelsior Capital (ASX: ECL) faces its most dramatic shareholder meeting in years today, with investors voting on whether to liquidate the company entirely and remove its CEO. Shareholders controlling at least 5% have requisitioned resolutions, essentially a formal demand forcing the board to hold a vote to wind up Excelsior, appoint liquidators from BRI Ferrier,…

Insolvency experts warn against ‘dodgy’ SBR offers

Small business restructuring (SBR), introduced in January 2021, has morphed from a helpful mechanism for small businesses into a trap that business owners need to be wary of when tackling financial distress. Eddie Griffith, Affiliation for Business Resilience and Turnaround (ABRT) chair, said the original intent of the SBR process was to give viable small…

Administrator considers offers for Derrimut 24:7 Gym assets

Troubled fitness chain Derrimut 24:7 Gym has entered a critical phase of its bankruptcy and restructure, with expressions of interest now officially being sought for the business while administrators work to protect staff entitlements. Amid mounting pressure from the Australian Taxation Office (ATO) over unpaid tax, superannuation and supplier debts, the chain’s operating entity was…