Subscribe Be the first with the news that moves the market Fintech IOUpays (IOU) parent company, IOUpay Limited, enters voluntary administration due to outstanding debts and suspected fraud The companys CFO is under investigation for allegedly misappropriating up to $7 million in company funds Non-bank lender, Finran, offered to bail out IOU, but later withdrew…
Deloitte is forecasting around 600 insolvencies this year, up from around 500 in 2022 This reflected a 22pc increase from the same period last year but was slightly below the number recorded in the final quarter of the year, when 154 insolvencies were reported. Deloitte financial advisory partner David Van Dessel said recent levels of…
A total of 146 corporate insolvencies were recorded in Ireland in the first three months of the year, according to the latest insolvency statistics published by Deloitte. his reflected a 22pc increase from the same period last year but was slightly below the number recorded in the final quarter of the year, when 154 insolvencies…
Another Victorian building company has gone bust, weeks after the collapse of one of Australias largest home builders, Porter Davis, and construction firm Lloyd Group. Award-winning builder Mahercorp announced it went into voluntary administration on Friday, affecting more than 700 homes, as the industry continues to struggle amid the cost of living crisis. In a…
Corporate insolvencies increased 22% year-on-year in the first quarter, jumping from 120 to 146, according to the latest figures from Deloitte. However, insolvencies fell from 152 in the previous quarter, so a forecasted increase in corporate insolvency activity has as yet failed to materialise. David Van Dessel, partner for financial advisory at Deloitte, said the…
Corporate insolvencies in the Republic rose by 22 per cent in the first quarter of 2023, according to Deloitte. The consultancy said there were 146 business failures recorded in the first three months of the year, up from 120 in the same quarter last year. However, Deloitte noted the number of insolvencies was marginally down…
April 12 (Reuters) – Future Retail Ltd: * FILED APPLICATION BEFORE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI SEEKING EXCLUSION FROM CORPORATE INSOLVENCY RESOLUTION PROCESS * SOUGHT EXCLUSION FOR 90-DAY PERIOD Source text for Eikon: Further company coverage: Read the full article at: https://kalkinemedia.com/in/business-news/business-assets/brief-future-retail-seeks-exclusion-from-corporate-insolvency-resolution-process-for-90-day-period
Reuters. FILE PHOTO: People walk across London Bridge during the morning rush hour, with London’s financial district in the background, in London, Britain, April 13, 2023. REUTERS/Henry Nicholls LONDON (Reuters) – More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official…
Construction on more than 700 homes has been put on hold in Victoria as another construction firm enters voluntary administration. Mahercorp, the parent company of builders Eight Homes and Urbanedge Homes, has informed clients that construction will be suspended for more than a month as administrators work to restructure the business. This development follows the…
For months, Anthony Morgan and his partner Hayley Thornley have driven their five young children past the block where their new family home is being built. Their kids, aged between two and 11 and who all have disabilities, were excited as the concrete foundations were laid at the block in Lara, outside Geelong, and when…