Future of city housing project unclear after developer Capelli files for insolvency – Luxembourg Times
Future of city housing project unclear after developer Capelli files for insolvency Luxembourg Times Read the original article here
Shrimpers Trust react to club’s former chairman being bankrupt
Martin was declared bankrupt at the Chief Insolvency and Companies Court earlier today. And, in a statement released to the Echo, Schooley offered little sympathy towards the Shrimpers ex chairman. “It became clear many years ago what a convoluted web of indebted companies Ron Martin had wound Southend United into,” said Schooley. “It has also…
Former Southend United chairman Ron Martin made bankrupt
Martin – who owned the Shrimpers between 1998 and 2024 – attended the Chief Insolvency and Companies Court this morning but the hearing was put back until later in the afternoon due to an ongoing issue surrounding costs and petition. READ MORE: What Ron Martin’s bankruptcy will mean for Blues However, once it resumed Judge…
Jobs saved after heating business bought in pre-pack deal – TheBusinessDesk.com
Jobs saved after heating business bought in pre-pack deal TheBusinessDesk.com Read the original article here
DOMO Chemicals files for insolvency amidst high costs and non-EU imports | Article
DOMO Chemicals is among the DOMO Group subsidiaries filing for insolvency – an outcome attributed to high energy prices, low demand, and ongoing imports from non-EU countries. Headquartered in Ghent, Belgium, DOMO Group’s subsidiary companies manufacture and sell polymers, engineering plastics, and high-performance plastics for the consumer and industrial goods sectors, among others. The company…
Claire’s Faces New Legal Battle in the UK as Modella Capital Abandons Rescue Effort
Claire’s is back in court in the UK. Modella Capital, which rescued the company last year, has begun insolvency proceedings for the accessories chain in the UK and Ireland for the second time in less than a year. Last September, Modella took over Claire’s UK business in a deal that saw the closure of…
Claire’s enters insolvency with Irish jobs at risk – Business Post
Claire’s enters insolvency with Irish jobs at risk Business Post Read the original article here
Claire’s stores in Ireland facing insolvency as rescue attempt fails
Fashion and accessories retailer Claire’s is on the brink of administration, putting dozens of jobs in Ireland at risk. Claire’s is owned by Modella Capital, a private equity firm, which recently bought the high street arm of WH Smith – renamed TG Jones. A majority of Claire’s Irish and UK business assets were bought by…
Bankruptcies in Luxembourg stabilise, but construction sector still suffering – Luxembourg Times
Bankruptcies in Luxembourg stabilise, but construction sector still suffering Luxembourg Times Read the original article here
What does going into administration mean for a business?
Since Covid, many big businesses across the UK have been affected financially with some closing down. But before any closures, businesses enter administration, followed by restructuring the business, selling off assets, or even liquidating. Here’s all you need to know about administration and how businesses end up falling into it. What does going into administration…