By HARRY WISE Updated: 22:30 AEST, 8 July 2025 Insolvency specialist Begbies Traynor saw annual profits almost double after a spate of larger, higher-value business failures. The group, which achieved its 10th consecutive year of growth, reported pre-tax profits jumped from £5.8million to £11.5million in the year ending April, while its adjusted earnings before nasties rose…
NEW DELHI: Adani Power Ltd. (APL) on Tuesday announced successfully completing the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for a total consideration of ₹4,000 crore. VIPL operates a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing the Corporate Insolvency Resolution Process (CIRP) under…
A Christchurch construction company has gone into liquidation, leaving behind significant debt and limited assets. Select Building Limited, which operated in Canterbury, was placed into liquidation on 3 July by special shareholder resolution. Brenton Hunt of Insolvency Matters Limited has been appointed liquidator. According to the initial report, the company ceased trading in July 2025…
“The untimely softer coal price environment, coinciding with the resumption of the Dartbrook underground mine, has necessitated a top-up to existing finance facilities to provide additional working capital,” Australian Pacific Coal executive director John Robinson told the Newcastle Herald in April. Read the original article here
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60 jobs go as food wholesaler folds BusinessDesk | NZ Read the original article here
A Queenstown property developer whose company owes creditors more than $7 million says recent liquidations have no bearing on his commercial and apartment development projects at Jacks Point. Formcrete Construction ceased trading in February. Liquidators Jared Booth and Tony Maginness, of Baker Tilly Staples Rodway Auckland, were told it was because of trading losses and…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
“The untimely softer coal price environment, coinciding with the resumption of the Dartbrook underground mine, has necessitated a top-up to existing finance facilities to provide additional working capital,” Australian Pacific Coal executive director John Robinson told the Newcastle Herald in April. Read the original article here
A property development business, owned by Dunedin businessman Chris Swann, has been placed in liquidation owing nearly $1.5 million. Trevor and Emma Laing, of Laing Insolvency Specialists, were appointed liquidators of KV Ltd in late May. Shares were held by CJS Nominees (owned by Mr Swann) and Mr Swann, who is the former chairman of…