Edtech firm Think and Learn, which operates under the Byju’s brand, has not paid July salaries to its employees due to complications arising from a Supreme Court stay on the NCLAT’s decision, a senior official revealed on Tuesday, according to a PTI report. On August 2, the National Company Law Appellate Tribunal (NCLAT) approved a…
More companies went bust in past year than during financial crisis More companies in England and Wales went bust in the last year than at the height of the financial crisis, the latest insolvency figures show. There were 25,551 insolvencies in the 12 months from August 2023 to July 2024, new data from the Insolvency…
Company insolvencies up 16% on July last year as cost hikes continue to bite MSN Read the original article here
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Former footballer Marcus Bent has won a second High Court fight over the ownership of a house. Mr Bent, who was declared bankrupt in 2019, was involved in legal action against the trustees of his bankruptcy over the ownership of the property in Epsom, Surrey, and whether it forms part of his estate. The trustees…
Mr Bent, who was declared bankrupt in 2019, was involved in legal action against the trustees of his bankruptcy over the ownership of the property in Epsom, Surrey, and whether it forms part of his estate. The trustees had appealed against a ruling that the house belonged to his daughter, Aliyah Bent, who is now…
Former footballer Marcus Bent has won a second High Court fight over the ownership of a house. Mr Bent, who was declared bankrupt in 2019, was involved in legal action against the trustees of his bankruptcy over the ownership of the property in Epsom, Surrey, and whether it forms part of his estate. The trustees…
November 21, 2023 Photo: depositphotos Amsterdam-based Qwic has become the second e-bike manufacturer to be declared bankrupt in four months. The company was listed in the insolvency register, a week after a court granted it extra time to pay its bills. Qwic did not respond to the news, but told customers in an e-mail last…
More companies in the UK went bust last year than during the 2008 financial crisis, according to the latest figures from the Insolvency Service, writes David Connett. A total of 25,551 business insolvencies were recorded, more than the 25,186 firms that collapsed in the year from August 2008 to July 2009. The number of companies…
The number of companies that became insolvent in July was 16% higher than during the same period last year, according to official data. In England and Wales, 2,191 businesses went bust, according to the Insolvency Service, compared with 1,890 in July 2023. The figures included 320 compulsory liquidations – when a company is forced to…