A bus operator providing services across Nottingham and Nottinghamshire has will continue trading after confirming it has entered a company voluntary arrangement (CVA). Community Transport for Nottingham (CT4N) announced last week it was looking to enter an insolvency process due to “challenging trading conditions”. The decision was unanimously approved by voting creditors, and means 75…
A bus operator providing services across Nottingham and Nottinghamshire has will continue trading after confirming it has entered a company voluntary arrangement (CVA). Community Transport for Nottingham (CT4N) announced last week it was looking to enter an insolvency process due to “challenging trading conditions”. The decision was unanimously approved by voting creditors, and means 75…
A bus operator providing services across Nottingham and Nottinghamshire has will continue trading after confirming it has entered a company voluntary arrangement (CVA). Community Transport for Nottingham (CT4N) announced last week it was looking to enter an insolvency process due to “challenging trading conditions”. The decision was unanimously approved by voting creditors, and means 75…
“We remain committed to delivering the essential transport services our communities rely on, while protecting the livelihoods of our employees,” he said. “This arrangement provides a sustainable path forward and ensures the best possible outcome for our creditors and stakeholders.” A CVA is a formal insolvency process that allows a company to continue trading as…
Bus operator enters voluntary insolvency deal AOL.com Read the original article here
Sisters Karen Mortimer, 67, and Joanna Seawright, 54, became directors of 138 failing companies without verifying their financial positions, failing to investigate the location of more than £42m in assets, and leaving creditors £67m in debt. When the Insolvency Service launched an investigation, Mortimer and Seawright did not dispute their misconduct and agreed to be…
The number of construction companies in “critical” financial distress has soared in the past 12 months, according to an insolvency specialist. Begbies Traynor said that the number of construction sector firms in its worst financial category rose to 7,361 in the third quarter (Q3) of 2025, compared with 4,324 at the same point in 2024…
Aban Offshore Enters Corporate Insolvency Resolution Process, IRP Appointed scanx.trade Read the original article here
Latest figures from Begbies Traynor’s Red Flag Alert, which monitors the financial health of UK companies, show that the number of construction companies in ‘critical’ distress in the third quarter of 2025 reached 7,361. This is 70.2% higher than in the same period last year. The number of construction firms experiencing ‘significant’ distress – a…
Richa Industries Issues Letter of Intent for Company Sale Under Liquidation scanx.trade Read the original article here