Gloriavale-owned Forest Gold Honey in liquidation owing more than $1m

The liquidator’s report outlined three reasons for Forest Gold Honey’s insolvency. The first was the company experienced weaker sales than expected. It also struggled to find appropriately trained staff. Thirdly, the report said one customer had fallen outside credit terms. AdvertisementAdvertise with NZME. The liquidator’s report shows an estimated shortfall to all creditors of $450,000.…

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Are more restaurants going bankrupt nowadays?

Popeye’s. TGI Fridays. Roti. Buca di Beppo. And of course Red Lobster. These are just a few of more than a dozen high-profile restaurant chains that have declared bankruptcy in 2024. On one level, what we’re seeing is some restaurants buckle under the intense pressures the past two years have brought. There were the shortages, inflation, and…

Essex ‘drainage protection’ company shut down following abusive cold-calling of vulnerable people

Home Drainage Protection Service Ltd aggressively cold-called pensioners, people with medical conditions and other vulnerable people offering fake drainage protection plans  The company’s crude sales tactics included threatening people with the police and bailiffs if they did not sign up to their service  The firm also made unexplained payments worth millions of pounds to dozens…