A recent study has revealed that nearly a fifth (17 per cent) of Australian SMEs would collapse if they lost just one major client. As revealed in ScotPac’s SME Growth Index Report, if businesses lost a key client, there would be an average revenue loss of 22 per cent. Diversifying revenue streams is key to…
Guy Conroy was a director of Green IS Group Limited and GIS Forestry Limited, which offered customers the opportunity to invest in teak trees on plantations in Brazil Conroy allowed Green IS Group and GIS Forestry to mislead their customers, breaching contractual obligations in the process At least £8.525 million was owed to investors when…
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Insolvency reform in the water sector: Staying afloat in a rising tide Burges Salmon Read the original article here
Large travel company files for bankruptcy, leaves travelers stranded TheStreet Read the original article here
Fashion Designer Jovian Mandagie Declared Bankrupt bernama Read the original article here
More than 1,000 directors disqualified following Insolvency Service investigations. Of these, 736 were banned for Covid loan abuse. The report also highlights the average length of a ban was eight years. Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan…
It’s the official end of an ambitious project launched nearly fifteen years ago: the court in Changsha, Hunan province, has declared the Gac-Fiat Chrysler joint venture bankrupt, putting a definitive end to the industrial presence of Stellantis via this entity in China. This joint venture, created in 2011 at the instigation of Sergio Marchionne, was…
TOKYO – A record number of ramen noodle eatery operators in Japan went out of business in 2024, according to a research firm, as the food’s reputation for affordability limits room to raise prices amid soaring ingredient and utility costs. Also hit by climbing personnel expenses due to labor shortages, insolvencies among ramen business operators…
New York CNN — This year was brutal for a number of well-known companies and their bottom lines. As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks. At least 19…