How restaurants can navigate MCA loan debt

Debt Help

With food and labor costs rising and foot traffic flat or falling, many operators have been tempted to take out merchant cash advance loans to provide quick funding to cover balance sheet gaps.  But MCA loans come with a catch: They can be costly and require payments regardless of how a business is doing. MCA…

Maeve Aerospace collapses after hybrid-electric project fails to take off

Bankruptcy

Configuration of proposed aircraft was switched multiple times over Dutch developer’s brief lifespan. Would-be Dutch hybrid-electric aircraft developer Maeve Aerospace has collapsed, despite last year securing investment from SkyWest Airlines, putting an end to a development process characterised by endless changes to the design of its aircraft. Dutch insolvency documents show the business and parent…

Margate business The Stone Man goes into insolvency with debt of £737,814 including unpaid staff and businesses and out of pocket customers

Bankruptcy

The Stone Man owes money to businesses, employees and customers A Margate business supplying and installing stone worktops and other services such as bathroom tiling has gone bust owing  money to 61 businesses, between 8 and 13 employees, 39 customers and lender and HMRC debts. The Stone Man, run by director Rob Pering, collapsed with…