Plymouth company with links to royal family collapses – business-live.co.uk
Plymouth company with links to royal family collapses business-live.co.uk Read the original article here
No Cookies | The Advertiser
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Scottish business insolvency annual figures show slight increase
Latest annual data analysis by the Accountant in Bankruptcy has shown that there were 1,175 corporate insolvencies in the year 2024-2025. This was a slight increase of 0.6% from 2023-2024’s figure of 1,168, and an increase of 3.8% on 2022-2023’s figure of 1,132. Commenting on the data, Tim Cooper, President of insolvency and restructuring trade…
Bankruptcy Stories: How People Lost Everything
8. “Life changes at the drop of a dime. I went from a nice-paying job to going through my first job loss during a company restructure in COVID to being unable to find work and having to resort to serving at a restaurant and doing delivery apps. The restaurant went bankrupt.” “I got a temp…
GAK sells its stock and website to Gear4music for £2.4 million after entering insolvency
Brighton’s GAK – a pillar of the UK music retail industry – has faced weeks of speculation after closing its store and shutting down its website in March. As rumours of the retailer’s fate swirled, industry spectators spotted a listing on UK business marketplace Business Sale Report, advertising a “Musical Instrument Retailer and Supplier” seeking…
Former European semi-finalists declared bankrupt and immediately thrown out of league
A GERMAN club has been declared bankrupt, with all players released immediately. Fourth-tier side KFC Uerdingen will no longer be able to finish the 2024/25 season. 1 KFC Uerdingen will no longer be able to complete the remainder of the season after being declared bankrupcyCredit: Getty On Tuesday, an insolvency administrator ordered the immediate suspension…
Founder of LED lighting business Vailo declared bankrupt
James Hickmann, founder of South Australian-based LED lighting and technology company Vailo, has been declared bankrupt by the Federal Circuit Court in Adelaide after failing to repay a $600,000 loan. The decision automatically disqualifies Hickmann from managing corporations or holding positions such as director of more than 50 of his companies, including Vailo. As reported…
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Frank And Oak selling brand, closing all stores following second insolvency filing
Embattled retailer with ties to Montréal tech set to shutter stores on May 18. UCG Canada Holdings (UCG)—which does business under the name of clothing seller Frank And Oak—is set to close all of its stores and sell its brand, marking the end of an era for a former heavy-hitter in Montréal’s retail tech…
Unifor challenges Hudson’s Bay Company over commission cuts during liquidation
“We’re talking about workers who’ve spent years working for this company, and now they’re being denied income they’ve rightfully earned and are entitled to,” said Lana Payne, Unifor national president. HBC started its full liquidation in March. That came after the company went through Companies’ Creditors Arrangement Act (CCAA) proceedings following an initial order for…