Precision Electric Ireland has entered liquidation while owing more than 4.3 million to creditors, 3.2 million of which is due to unsecured creditors. The decision to wind up was taken by the company directors on the basis that the companys liabilities far outweighed its assets. According to the directors estimated statement of affairs, the total…
Unpaid IT contractors are still scrambling for answers in the wake of pay management service Plutus Payroll suddenly suspending operations following what it described as a “commercial dispute”. Plutus Payroll informed contractors on Monday night that it had suspended business activities, effective immediately. Plutus said some payments scheduled between 27 April to 2 May may…
Thousands of workers lost out when BHS collapsed with pension scheme empty Former owner Sir Philip Green agreed to pay £363million to help reimburse staff Now the man who bought the business for £1 faces having his firm liquidated, as administrators seek to reimburse all creditors who lost out on cash Dominic Chappell may challenge…
Retail Acquisitions, the former owner of the collapsed BHS, is on the point of liquidation, potentially helping investigations into the demise of the department store chain. The group, which bought BHS for £1 in 2015 and was fronted by former bankrupt Dominic Chappell, has been accused of extracting an estimated £17m from BHS despite owning…
AdvertisementThe U.S. Bankruptcy Court issued an order converting ESP Resources Chapter 11 reorganization cases to liquidation under Chapter 7. The order states, The captioned cases are converted to cases under Chapter 7 of Title 11 of the United States Code. The U.S. Trustee is directed to immediately appoint a chapter 7 trustee for each case.…
The franchisor of national pizza chain Eagle Boys has entered voluntary administration ahead of a potential sale. However, the appointment of external managers does not extend to Eagle Boys franchises, which are owned by franchisees and continue to operate on a business as usual basis, Eagle Boys said in a statement late last week. Administrators…
After more than 50 years in business, Ike Morris, owner of Waco Oil and Gas Co., has decided to retire. The 79-year-old Glenville businessman and philanthropist said his age was a big factor in the decision. Were going to shut down the contract work and everything, Morris said. Were still in the royalty and land…
Laetitia and Edward Lues, shown with baby Isabelle, paid $130,000 to Stephen Foley but have only an unusable foundation on their Gulf Harbour section. Photo / Doug Sherring A building company has collapsed owing almost $2 million to 130 creditors including 30 homeowners who have been left in the lurch, some of them for the…
A NUISANCE call centre handed one of the biggest fines in consumer history is entering liquidation, according to letters sent to its former employees. Earlier this month, The Gazette was contacted by staff at Media Tactics, based in Chineham Business Park, who said the firm had let all its employees go as a result of it…
JOSEPH JOHNSON/FAIRFAX NZ Rolleston is one of Canterbury’s fastest growing towns. The $13 million failure of property company FCL Holdings (in liquidation) means a planned special housing subdivision at Rolleston near Christchurch is unlikely to proceed in the near future. FCL entered a purchase agreement in mid-2016 to buy the rural block from interests associated with Dryden Trust and Dean and…