According to the first liquidators’ report for Diamond Homes, the company employed more than 100 staff at its peak and was heavily reliant on work from its principal contractor. However, from 2024 there was a sudden and significant reduction in work available from that contractor, resulting in the company carrying a workforce no longer supported…
The Bury Project, in partnership with debt advice charity Christians Against Poverty (CAP), has launched its Summer Savers scheme in Bury to help families manage their finances during the school break. The campaign offers practical budgeting support, free debt help, and advice on stretching household budgets, something CAP debt coaches Gordon Clark and Hannah Sadler…
The appointment of the liquidator to Impact Contracts (Glasgow) Limited follows a petition to Glasgow Sheriff Court. The petition for His Majesty’s Revenue and Customs related to the winding up of the company based at Craigton Industrial Estate, and for a liquidator to be appointed. Liquidator appointed to Scottish building firm after HMRC court action (Image:…
Attempts will soon begin to claw back tens of millions of dollars owed to creditors by Australia’s only manganese alloy smelter after creditors voted to liquidate Liberty Bell Bay. At a meeting this afternoon, creditors appointed former administrators, EY Parthenon, as liquidators. The 66-year-old smelter in northern Tasmania went into administration in March, due to…
The property was allegedly paid for from a purported loan of US$50 million worth of cryptocurrency from the firm [SINGAPORE] While Zhu Su, the co-founder-director of the now-in-liquidation crypto hedge fund Three Arrows Capital, was serving jail time in Singapore for non-compliance of a court order, he was said to have transferred a Dubai property…
REVEALED: Latest business liquidations in Whittlesea Herald Sun Read the original article here
Key Facts: GT Advisory & Consulting, a Gold Coast-based insolvency and restructuring practice founded by Glenn O’Kearney in May 2016, is celebrating its 10th anniversary this month. To mark the milestone, the firm has released its FY2026 insolvency activity overview, noting that ASIC recorded 12,819 corporate insolvency appointments nationally for the year to 31 May…
As Light & Wonder executives reiterated during their second-quarter earnings call held late on Tuesday, de-leveraging the company was their prime new objective. CFO Oliver Chow, in particular, laid out an intended path to get Light & Wonder’s debt burden down to three times cash flow by the middle of 2027. Chow pointed to charts…
Insolvency practitioners say there’s been ‘interest’ in assets of collapsed Merrie England coffee shops chain Huddersfield Hub Read the original article here
Vic’s caravan graveyard: Three more plunge into administration Herald Sun Read the original article here