UK parcel delivery company collapses into liquidation

Jaco Couriers Limited was placed into liquidation following a petition presented to Aberdeen Sheriff Court by the Advocate General for Scotland, acting on behalf of the commissioners for HMRC. The petition, which sought to have the company wound up and a liquidator appointed, was lodged in February and this month Duncan Raggett, of AAB Business…

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Aussie budget holiday firm AVG Travels collapses

An Aussie holiday firm that boasted that its customers could “travel more and spend less” has plunged into liquidation. Melbourne-based AVG Travels, which offered discounted international travel to thousands of Aussies, appointed liquidators this week – leaving customers scrambling to fix their plans. The announcement follows days of uncertainty for customers, who reported their tours…

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EXEC: Sympatex Acquired Out of Insolvency Proceedings

Sympatex Technologies, the German manufacturer of membranes, laminates and textiles used in outdoor apparel and footwear, is being acquired by Italian textile supplier Pidigi S.p.A. The sale comes as Sympatex filed for insolvency at the Munich Local Court in Germany on January 22. The acquisition is scheduled to be effective on June 1. Pidigi, based…