Lathams of Broughton boss says ‘double whammy’ of HMRC backing out of deal and rising butter and wheat prices crippled business

He said: “We worked so hard to stay afloat during Covid, changing to doing takeaway afternoon teas, getting meals and supplies to frontline workers. It was a huge effort. We were doing thousands of meals-a-day to support people during the pandemic. “And now, for the government to just turn round and leave us effectively high…

Fraudster Ordered to Repay Abused Covid Scheme Loan

Salih Ozhot applied for a £50,000 Bounce Back Loan to support his business, but ended up using the money for his own personal gain His actions were described by Insolvency Service investigators as “cynical”, “sophisticated” and “pre-planned” Ozhot, who was declared bankrupt in 2021, will have to repay the loan in full A North London…

Fisker goes bankrupt, plans to sell off assets

Fisker’s second electric car company has gone bankrupt Fisker filed for Chapter 11 bankruptcy protection in Delaware “Thousands” of Ocean electric SUVs were delivered before the bankruptcy filing Electric vehicle startup Fisker on Monday filed for Chapter 11 bankruptcy protection with a court in Delaware, just a year after the start of deliveries of the…

BurgerFi might go bankrupt

This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Recommended Reading Dive Brief: BurgerFi management has substantial doubt over its ability to continue operating due to the company’s liquidity position and forecast of weak operating results and cash flows, the chain said…

BurgerFi might go bankrupt | Restaurant Dive

Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: BurgerFi management has substantial doubt over its ability to continue operating due to the company’s liquidity position and forecast of weak operating results and cash flows, the chain said in a document filed last week…