The scale of debt accumulated by Yurtel, a luxury glamping company for Glastonbury Festival, prior to its collapse in May has come to light. Yurtel, based in Corsham, Wiltshire, left numerous festival-goers without tickets and facing financial losses after it ceased operations. The ECHO exclusively revealed the company had stopped trading in May. The company…
Homeplus pursues M&A amid higher liquidation value than going concern value Chosun Biz Read the original article here
Doge cuts death knell for Christchurch research firm, owner says The Press Read the original article here
Starleaton CEO Ben Eaton, whose company is now in liquidation after it failed to meet its monthly repayments promised to creditors, is yet to make an official statement about the latest state of affairs. However, he has previously provided his perspective about the matter as the issue unfolded. Below is a snapshot of some of his…
Toronto, Ontario — Days after announcing recently furloughed employees would return, Quebec’s LeddarTech has reversed course. The company, which makes advanced simulations used to test ADAS and autonomous driving tools, is suspended plans to resume operations. The move follows the sudden collapse of talks with a major commercial partner and casts serious doubt on the…
Liquidators consider value of chasing ‘very large’ debtors The Press Read the original article here
‘Shocking meals’: Chinese restaurant’s plan to stay open after liquidation The Courier Mail Read the original article here
Toys R Us enters voluntary administration for second time MSN Read the original article here
Starleaton has failed to meet its monthly repayments promised to creditors and has been placed into liquidation. Creditors were informed this afternoon at 5.22pm in a statement titled ‘General Update on the Deed of Company Arrangement’ issued by Simon Cathro and Andrew Blundell from Cathro & Partners. “Pursuant to Clause 7.5 of the DOCA, the…
As part of a bankruptcy settlement, JM Financial Products, a non-banking finance company, has been allotted more than 142,000 square feet of office space spanning four floors in a new commercial building in Mumbai’s eastern suburb of Mulund, confirmed a report by Economic Times. The market value of the allotted space is around Rs 150…