South London companies with faked accounts claiming £1.6bn turnover shut down by High Court – MSN
South London companies with faked accounts claiming £1.6bn turnover shut down by High Court MSN Read the original article here
Companies with faked accounts claiming £1.6bn turnover shut down by High Court
“Protecting the integrity of the Companies House register is crucial because UK businesses rely on this information to make informed decisions about who they trade with, lend to, and invest in. When companies submit false information, it undermines confidence in our entire business environment.” Read the original article here
Brightmark’s Subsidiaries Declare Bankruptcy Amid Chemical Recycling Debt Crisis
US-based chemical recycling company Brightmark has filed for bankruptcy for three subsidiaries associated with its Ashley, Indiana pyrolysis plant. The affected entities are Brightmark Plastics Renewal LLC, Brightmark Plastics Renewal Indiana, and Brightmark Plastics Renewal Services LLC. According to court filings in the United States Bankruptcy Court for the District of Delaware, these subsidiaries…
Parliament Orders Special Audit of National Oil Corporation, Declares It Technically Insolvent
The Public Investments Committee on Commercial Affairs and Energy has declared the National Oil Corporation technically insolvent and questioned its deal with a private fuel station chain in Kenya. A session scheduled by the committee with NOCK officials on Thursday was also suspended, with the MPs citing grave concerns over the financial mismanagement and rising…
Five companies shut down for filing false and forged accounts
Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd filed false accounts showing turnovers of up to £642 million despite having no genuine business activity All five companies shared office addresses in South London and Croydon. They also falsely named reputable accountants as auditors, and failed to co-operate…
Vertical Future posts £10m loss, seeks buyer as insolvency looms
London-based vertical farming technology firm Vertical Future has been listed for sale on an insolvency marketplace after posting a sharp decline in revenue and widening financial losses. The company generated just £692,000 in turnover in 2024, down from £6.7 million the previous year, according to a report by City A.M. Pre-tax losses exceeded £10…
JSW Steel gets another shot at Bhushan Steel as SC agrees to hear case again
In a major relief to JSW Steel, the Supreme Court has agreed to revisit its earlier ruling that cancelled the company’s ₹19,350-crore acquisition of bankrupt Bhushan Power and Steel Ltd (BPSL) and directed its liquidation. A special bench comprising Chief Justice B.R. Gavai and Justice Satish Chandra Sharma said that the 2 May ruling may…
Supreme Court Admits Review Petition By JSW Steel
The Supreme Court on Thursday admitted review petition filed by JSW Steel Ltd. on Bhushan Power and Steel’s insolvency case. The apex court will hear the matter on Aug. 7. Last month, JSW Steel had filed a review petition in the Supreme Court regarding its earlier judgment related to Bhushan Power ‘s resolution plan. In…
InCorp Restructuring Expands Nationwide Footprint to Strengthen India’s Insolvency Ecosystem
Onboards 12 new partners into InCorp Restructuring Services LLP (IPE Entity) to service Pan India Projects MUMBAI, India, July 31, 2025 /PRNewswire/ — In a significant boost to India’s restructuring landscape, InCorp Restructuring Services (IRS) LLP, a registered Insolvency Professional Entity (IPE) with the Insolvency and Bankruptcy Board of India (IBBI), has expanded its national footprint by…
Directors banned after Stoke firm made hundreds of thousands of nuisance calls
Mohammed Liaqat and Rubani Ghulam were directors of a company which harassed people with nuisance cold-calls in 2020 and 2021 Posh Windows UK Ltd, based in Stoke-on-Trent, made more than 400,000 unsolicited marketing calls trying to sell home improvements within a nine-month period Both have now been disqualified as company directors following investigations by the…