A liquidator has been appointed to CCH Transport Limited following a successful petition from HMRC for the Larkhall-based company to be wound up. The petition was presented to Hamilton Sheriff Court by the Advocate General for Scotland for HMRC to order that CCH Transport Limited “be wound up and to appoint a liquidator”. Shona Campbell,…
An Austrian furniture manufacturer has filed for insolvency, placing around 180 jobs at risk and delivering what local officials describe as a major blow to the regional economy. The company, based in eastern Styria, plans to continue operations in a reduced form…
IN what is likely to be perceived by critics as a pre-local election ‘bribe’, the borough’s Labour leadership has announced a £200 million government grant to cut debt at Thurrock Council, but a release disclosing the news appears factually flawed and makes claims that can easily be repudiated. The overnight announcement from local Labour members,…
A new report by the Commonwealth Secretariat warns that rising public debt and tighter budgets are forcing governments to prioritise loan repayments over investment in young people, limiting opportunities for the Commonwealth’s 1.5 billion young people. The report, Public Debt and Youth Development in Commonwealth Member Countries was launched at the opening of the week-long Commonwealth…
Bankruptcies aren’t just rising — they’re suddenly everywhere. From billion-dollar giants to mom-and-pop shops to everyday individuals, bankruptcies are piling up across the US this year, with large corporate bankruptcies already hitting their highest level in 15 years. The surge in bankruptcies highlights the growing financial pressures facing consumers and companies as costs climb amid…
The Court emphasized that creditors invoking the IBC must do so with a genuine intent to pursue revival of the corporate debtor. (AI image) The Supreme Court on 15.01.2026, clarified the scope of admission of insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), holding that once the existence of financial…
Four Nacon subsidiary studios have filed for insolvency earlier this week, as the French publisher tries to dig its way out of financial crisis. As of Monday 23rd March, game developers Spiders (GreedFall, Steelrising), Cyanide (Styx, Blood Bowl, Tour de France), Kylotonn (Test Drive Unlimited Solar Crown, WRC) and motion capture company Nacon Tech have…
George Lafferty of BTG has been appointed provisional liquidator of Enterprise Foods Limited by Hamilton Sheriff Court on 18 March, following a petition by the company. The East Kilbride-based wholesale food supplier, which traded as Localist from its premises on Reynolds Avenue, had been in operation for 35 years and served as a vital link…
A UK holiday company that offered trips at home and abroad crashed into liquidation as it had close to £1 million in debts. Gold Crest Holidays offered coach holidays to destinations such as Disneyland Paris and the Cotswolds, as well as various European city breaks. After more than 30 years in business, the company entered…
Deteriorating asset quality, collateral markdowns and a growing rush for the exits are rattling private credit markets and prompting comparisons to the Global Financial Crisis. But a spike in loan defaults, while painful, could help shake out pockets of stress from the $3 trillion sector and provide what one industry pro calls a “healthy reset”…