Directors are being warned to verify their identities with Companies House or risk prosecution after the Insolvency Service secured its first convictions for these offences. Jill White and Marc Dillon, directors of White (Reading Properties) Limited, and Modinat Banjo, director of J Isogony Apparel Limited, were fined at City of London Magistrates’ Court. Identity verification…
Twiga Foods faces a major change after financial difficulties A new process will determine the company’s next steps The Nairobi-based startup’s business operations date back to 2014 Twiga Foods Limited has been placed under administration after a financial crisis, and has changed its name to Templar Field Limited. Mohamed A. Mohamed of Maawiy Financial Advisory…
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Deloitte Restructuring Inc., in its capacity as Receiver and Manager of Maritime Truss Limited (“MTL”), is soliciting interest from parties looking to purchase the assets of MTL. MTL manufactured building trusses. The company was headquartered in Truro, Nova Scotia. It served residential and commercial customers across Atlantic Canada. MTL ceased operations on July 16, 2026.…
An Oxfordshire-based medical recruitment consultant company has entered insolvent liquidation with debts of more than £453,000. Austin May Medical Ltd, founded in 2011 and based in Rotherfield Greys, Henley-on-Thames, specialised in medical recruitment consultancy services and employed an average of around 11 people. A meeting in August confirmed the business was unable to pay its…
Europe’s largest independent solar operator just declared bankruptcy. The filing is not an isolated accident. It is a market signal. Energy News Beat Read the original article here
Earlier this year, US beverage and medical cannabis firm Tilray took over the craft brewer in a deal worth about £33 million after the company collapsed with debts of more than £500 million, leading to hundreds of job losses. The administration process saw BrewDog close 38 bars while the pre-pack sale rendered the holdings of…
Germany-based solar technology company BSH (BSH Hausgeräte), has filed for insolvency proceedings at the Schweinfurt District Court due to over-indebtedness. The court ordered preliminary insolvency administration and appointed a provisional insolvency administrator. BSH’s business operations are continuing during the preliminary insolvency proceedings. The administrator and his team are assessing the company’s financial position and holding…
Three company directors have been fined in the first prosecutions brought by the Insolvency Service for failing to comply with Companies House identity verification requirements. Jill White and Marc Dillon, directors of White (Reading Properties) Limited, and Modinat Banjo, director of J Isogony Apparel Limited, were sentenced at City of London Magistrates’ Court yesterday. The…
BSH GmbH & Co. KG is the latest solar energy company in Germany to have filed for insolvency proceedings. The company, based in Bad Königshofen, filed the application with the Schweinfurt Local Court. The business will continue to operate while a restructuring solution is explored. The court appointed lawyer Dr. Alexander Zarzitzky of Anchor Rechtsanwaltsgesellschaft mbH as the provisional insolvency administrator. BSH cites over-indebtedness and ‘impending insolvency’, amid a ‘difficult’ general situation in the…