The number of businesses collapsing into administration has surged by more than 40% in January as a raft of well-known names on the high street hit the wall. Official figures from the Insolvency Service showed the number of company administrations jumped by 41% to 151 between December and January, and was also 14% higher than…
Interim resolution professionals acting on behalf of lenders should limit the operations of such companies to the minimum and ensure they are not mechanically run as a going concern in the first 30 days of bankruptcy proceedings when the panel of creditors is being set up. Once the panel of creditors is formed, the resolution…
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Reliance Communications Schedules 69th Committee of Creditors Meeting for February 18, 2026 scanx.trade Read the original article here
The reassurance follows the news that its management company, SH Gloucester Quays Limited, entered creditors’ voluntary liquidation on Monday 2 February 2026, raising concerns about the restaurant’s future. Opus Restructuring LLP, the liquidators, confirmed the company does not hold the lease for the Gloucester Quays site, nor does it employ staff directly. A spokesman for…
“Vendors will go bankrupt” Phison CEO warns OC3D Read the original article here
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A once-ambitious kitchen business has collapsed again, leaving behind debts running into tens of millions and casting uncertainty over employees, creditors, and customers. The failure follows earlier financial difficulties and signals deeper structural problems rather than a sudden downturn. © Lusia83 Lusia83…
Costco gift card vendor goes bankrupt, leaving customers frustrated The Independent Read the original article here
Amazon Dominated Online Retail Some Retailers Had Too Many Stores A Few Big Retailers Have Survived A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Amazon (NASDAQ: AMZN) was founded in 1994. It went public in 1997. Like most online businesses, it…