Pronto Joinery Ltd in Horsford Norfolk enters liquidation

Pronto Joinery Ltd, in Horsford just outside Norwich, has ceased trading due to rising costs and reduced profit margins. The company employed 31 people and the decision to liquidate the business was also influenced by its owners’ desire to retire. Pronto Joinery in Dog Lane, Horsford, has entered liquidation after 50 years in business (Image: Google Maps) Pronto Joinery was…

Dorset festival falls into liquidation and cancelled

Wilkswood Reggae Festival, which last year hosted its seventh event at Wilkswood Farm in Langton Matravers, will not return for 2025.  Bosses blamed the “current financial position” of the company for the reason why it has been placed into voluntary liquidation.  A statement from the festival said: “It is with deep regret that we must…

Reliance Capital exits insolvency as IndusInd-backed resolution plan gets final approvals

Reliance Capital Limited (RCL) has successfully exited insolvency after the implementation of its approved resolution plan, making it the first Non-Banking Financial Company-Core Investment Company (NBFC-CIC) to complete resolution under the Insolvency and Bankruptcy Code (IBC). The Reserve Bank of India (RBI) had superseded the company’s board and appointed Nageswara Rao Y as the administrator…