Layered Reality entered liquidation with £20m in debt

The immersive experience company behind the Elvis Evolution and Jeff Wayne’s War of the World’s shows went into liquidation with £20m of debts, according to documents filed at Companies House last month. Ellipsis Entertainment, which traded as Layered Reality, had bought the global rights to an Elvis experience and was hoping that Elvis Evolution would…

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Universal Biosensors (ASX:UBI) Remains Suspended Following Administration of Operating Business

Highlights Universal Biosensors (ASX:UBI) remains suspended from Quotation following financial challenges involving its operating subsidiary. The suspension relates to administration and financial condition concerns rather than unpaid listing fees. The company’s operating Subsidiary entered voluntary administration and later liquidation. Investors are monitoring Liquidation progress, potential asset outcomes and the company’s ASX…

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Crisis averted but home developer still on life support

ADMINISTRATORS for a major housing developer have met a crucial funding deadline but negotiations to keep the group afloat remain ongoing.  Insolvency advisory Teneo has been scrambling to secure $20 million in short-term funding for the embattled Bathla Group since it entered voluntary administration in late August. As administrator, Teneo set a deadline of Thursday…

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