Liquidators launch court action against directors of solar firm, which owes creditors $476m – The Press
Liquidators launch court action against directors of solar firm, which owes creditors $476m The Press Read the original article here
SolarZero liquidators sue four former directors over company’s $476m collapse
“Following an extensive investigation into the company’s financial position, governance records, financing arrangements and related transactions, we have concluded it is appropriate to commence proceedings,” she said. If successful, any funds recovered would be allocated to stakeholders. SolarZero was placed in voluntary liquidation in November 2024 after directors said “unsustainable operating losses and liquidity constraints”…
Warrington Plastics enters creditors’ voluntary liquidation
Warrington Plastics Ltd, a plastic fabrication company based in Orford, has entered creditors’ voluntary liquidation following a resolution passed by members. The business was wound up voluntarily at a general meeting on September 23. This is according to notices published in The Gazette, which is the UK’s official public record. Members and creditors appointed Dylan…
Teesside debt support charity on hand to help as energy price cap rises
Ofgem’s increasing the energy price cap by 4% Author: Karen Liu with contributions from Josie Clarke and Holly Williams, Press AssociationPublished 59 minutes ago A debt support charity in Teesside say they’re on hand to help today as energy prices rises from today. Ofgem’s increasing the cap by 4% meaning the average household will pay…
Liquidators start court proceedings against SolarZero directors
SolarZero liquidators are taking court action against four former directors of the company. The company was placed into liquidation in 2024. It provided solar power systems on lease agreements to about 15,000 subscribers around the country. But liquidators Adele Hicks and Malcolm Moore, of Grant Thornton New Zealand, have filed High Court proceedings, saying there…
Centrix: arrears down 11.2%, liquidations up 14%
New Zealand’s credit data is telling two different stories, and business owners should pay attention to both. Centrix’s latest figures show consumer arrears are 11.2% lower than a year ago, while company liquidations are up 14%. The household recession is easing. The corporate failure cycle is not. Centrix chief operating officer Monika Lacey told Mike…
Stalled Wainuiomata housing development gets a second life – thepost.co.nz
Stalled Wainuiomata housing development gets a second life thepost.co.nz Read the original article here
Romanian airline AnimaWings files for insolvency – Romania Insider
Romanian airline AnimaWings files for insolvency Romania Insider Read the original article here
No Cookies | The Advertiser
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
CAG Flags Inactive, Loss-Making J&K PSEs, Recommends Liquidation
AI representational photo Jammu- The Comptroller and Auditor General of India has recommended that the Jammu and Kashmir government decide early on initiating the liquidation process for inactive public sector enterprises (PSEs), noting that they were neither contributing to the economy nor meeting the objectives for which they were established. The CAG, in its report…