Restructuring our insolvent state-owned enterprises: A rescue from collapse – The Business & Financial Times
Restructuring our insolvent state-owned enterprises: A rescue from collapse The Business & Financial Times Read the original article here
Restructuring our insolvent state-owned enterprises: A rescue from collapse The Business & Financial Times Read the original article here
Financial Deep Dive AGS Transact Technologies Limited is battling severe financial distress, evidenced by its ongoing Corporate Insolvency Resolution Process (CIRP). The company reported a substantial loss of ₹70 crore in the fiscal year 2024 (FY24) on revenues of ₹1,043 crore [6, 25]. More recently, its financial health has continued to deteriorate, with the nine-month…
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 4% when compared to December 2025to 1,744 in January 2026, but 14% lower than the same month in the previous year (2,028 in January 2025). The insolvency data consisted of 256 compulsory liquidations, 1,323 creditors’…
Debeo, a new online alternative finance platform, has launched in the UK aimed at helping small and medium-sized enterprises (SMEs) better understand their debt positions and navigate commercial borrowing. Leeds-based firm said the service is designed to address a £90bn lending gap by providing businesses with real-time data and insights into their borrowing, enabling them…
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A major program for student-loan borrowers in public service is facing big changes — and delays. Over 7 million borrowers are pursuing the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments. Thousands of those borrowers, though, might have completed their qualifying payments but…
Brussels cinema to close after Belgium’s oldest film distributor goes bankrupt The Brussels Times Read the original article here
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Latest monthly statistics from the Insolvency Service show that business insolvencies and personal insolvencies fell in Northern Ireland in January 2025 The data showed that there were 118 personal insolvencies, 16% lower than in January 2025. The insolvencies comorised of 85 IVAs, 19 DROs and 14 bankruptcies. Business insolvency data showes that. there were 21 company insolvencies,…
Sign up for Credit Connect’s news bulletins:Get the insight you need sent directly to your inbox. Create your Account: 1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button. 2. Wait for the double opt-in page to open and…