Lilium Enters Insolvency Proceedings and Sells Subsidiary Assets Amid Leadership Changes – TipRanks
Lilium Enters Insolvency Proceedings and Sells Subsidiary Assets Amid Leadership Changes TipRanks Read the original article here
Another One Bites The Dust, as KTM-Owned Metal Foundry Declares Insolvency
It doesn’t roll off the tongue as KTM does, but by the end of this piece, you’re going to know a little more about the Austrian metal foundry called Vöcklabrucker Metallgießerei GmbH. For one thing, it’s been around for a long time—since 1955, in fact. That means, if you’re doing the math, it was due to celebrate…
Director behind 400 companies banned for nine years after ‘subverting insolvency system’
A company director who “repeatedly subverted the insolvency system” by facilitating debt-dumping arrangements for struggling businesses has been banned from running firms for nine years, following a government investigation. Neville Taylor, 57, served as a director of more than 400 companies and received close to £270,000 from Atherton Corporate, operators of a scheme that took…
ASIC records 3000+ construction sector insolvencies in 2024, red flags that signal your builder could be next
A partially built home where construction stalled after the 2024 collapse of Grandeur Homes. The collapse of more than 3000 construction firms has legal and building industry figures worried about government plans to fix Australia’s housing crisis with a new home boom. Australian Securities and Investments Commission figures released on December 23 show 3217 Aussie…
Nine-year ban for director of more than 400 companies
A key figure in a scheme designed to undermine the insolvency system has been banned as a company director for nine years. Neville Taylor was paid more than a quarter of a million pounds by Atherton Corporate (UK) Ltd to become the sole director of more than 400 companies. Taylor’s disqualification means he will have…
INSOLVENCY NOTICES: Winding Up Petitions – December 2024 – Credit Connect
INSOLVENCY NOTICES: Winding Up Petitions – December 2024 Credit Connect Read the original article here
How Birmingham city council ended up in financial crisis: a timeline | Birmingham
Questions are starting to emerge about how exactly Birmingham city council ended up in a financial crisis, and whether the figures behind its problems actually stack up. Here is a rundown of how events unfolded. April 2022 – The council’s new IT system, its first major upgrade since 1999, goes live. Councillors say IT staff…
INSOLVENCY NOTICES: Appointment of Administrators – November 2024
ACCUMIX CONCRETE LIMITED AD FILMS LTD ADVANCED OPTICAL LIMITED ADVATEK (UK) LIMITED ALLPLANTS LTD ALPHACARE NW DOMICILIARY AND SUPPORT SERVICES LTD ARCHITECTURAL LOUVRE PRODUCTS AND SERVICES LIMITED ARCHITECTURAL PANEL SOLUTIONS LIMITED ASCENSION HEALTHCARE DEVELOPMENT LIMITED ASCENSION HEALTHCARE PLC ASHFORD COLOUR PRESS LIMITED ASPEN FURNITURE LTD ATOM BREWING CO LIMITED AURELIA BIOSCIENCE LIMITED B.S. STEELS LIMITED…
Herefordshire company director banned for insolvency scheme plot
Google Neville Taylor was listed as director of 196 companies run from Bridge Street in the town of Kington in Herefordshire The boss of more than 400 firms has been banned from being a company director after playing a key role in a scheme designed to undermine the UK insolvency system. Neville Taylor, 57, was…
What is bankruptcy and its implications?
Going bankrupt or being declared bankrupt by a creditor -who is owed money that can’t be repaid- is a serious matter and has legal consequences. Understanding what is bankruptcy The journey into bankruptcy often starts with a small debt that wasn’t settled in time and then forgotten. But with late payment fees, penalty charges and…