Leading Edge Group appoints voluntary administrator

Leading Edge Group (LEG) has appointed a voluntary administrator to assess the company’s affairs and find options that will strengthen the financial position of the Australian business. “After careful consideration, the board has resolved to appoint a voluntary administrator to the company. This decision follows many months of exploring every realistic option to strengthen the…

Lake District drinks retailer liquidated owing nearly £328k

Kindred Spirits Retail Limited entered creditors’ voluntary liquidation at the end of June, with Stephen Lancaster, of Lucas Ross Limited, appointed liquidator. A statement of affairs signed by director Oliver Barker shows estimated liabilities of £327,831.77 and assets expected to realise £31,227.83, leaving an estimated shortfall to creditors of £296,603.94. The company’s only asset expected…

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All staff redundant as historic engineer in administration

Coatbridge-based Galino Limited is described as a manufacturer of fasteners and machine screw products. David McGinness and Judith Howson, of AAB Business & Tax Advisory, have been appointed joint administrators of the company. A Scottish engineering company has been placed into administration. (Image: Getty Images) Mr McGinness, joint administrator, said: “Upon appointment, the business ceased…