Contractor RobertsCo appointed voluntary administrators to its Victorian business late on Friday – a move The Australian Financial Review foreshadowed – after failing to stem losses on two projects it took over after acquiring the operations of collapsed builder Probuild in 2022. RobertsCo’s other operations were not affected by the appointment of McGrathNicol’s Jason Ireland…
The application sought authorisation for fifteen vehicles to support the company’s tool and plant hire operations. However, investigations revealed significant overlaps between PHS Group SW Ltd and the recently insolvent Purple Hire Solutions Ltd, including shared business addresses, contact details, operating centres, and familial ties among directors. Notably, Purple Hire Solutions Ltd had substantial unpaid…
Reality television icons, Kerry Katona and Katie Price, are set to descend on East Lancashire later this year. The duo are bringing their tour, An Evening with Katie Price and Kerry Katona, to the Burnley Mechanics theatre on October 14. The event promises to be a “tell all” tour, where they share stories of friendship,…
Edward Koemans: “Business model was not future-proof” On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee. In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to…
The collapse of Hudson’s Bay will hit small-town Canada hard The Logic Read the original article here
Hudson’s Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the struggling Canadian department store chain’s finances. The documents were submitted as part of its creditor protection filing last week. The company owes a total of $950 million to nearly 2,000 secured and unsecured creditors,…
Edward Koemans: “Business model was not future-proof” On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee. In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to…
© Green Hydrogen Systems © Green Hydrogen Systems Danish electrolyser maker Green Hydrogen Systems plans to file for insolvency after failing to secure additional financing. The company revealed on Sunday (March 9) that it would file for in-court restructuring on Monday (March 10) to assess survival options, including asset sales. Green Hydrogen Systems has struggled…
Texas gun company goes bankrupt two years after launch as firearm users bemoan ‘gunfluencers’ MSN Read the original article here
The tribunal considered the reasons made by each party and maintained the Adjudicating Authority’s ruling that the Appellant’s Section 7 petition was malicious and fraudulent. The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, upheld the adjudicating authority’s ruling and dismissed a Section 7 petition under the Insolvency Bankruptcy Code (IBC), 2016, finding…