Both companies have cited the hangover of Covid and an economic downturn as factors for going bust. One of the owners has also taken aim at the IRD over what he claims are excessive tax penalties. The liquidator has not accepted that claim. Alexanders Apparel Ltd Alexanders Apparel Ltd was nearing its 50th anniversary when…
Both companies have cited the hangover of Covid and an economic downturn as factors for going bust. One of the owners has also taken aim at the IRD over what he claims are excessive tax penalties. The liquidator has not accepted that claim. Alexanders Apparel Ltd Alexanders Apparel Ltd was nearing its 50th anniversary when…
80-year-old furniture giant going out of business, liquidation sale TheStreet Read the original article here
On August 28, shareholders resolved to appoint Raymond Cox and Gareth Hoole of Ecovis KGA as liquidators. In a report released on Friday, the liquidators said the company’s directors, David Christensen and Colin Dawson, had explained that the company was unable to raise further capital. “The directors have advised the liquidators that the technology developed…
The government is planning to have a more foolproof mechanism to foil the chances of company promoters diverting funds fraudulently before filing for personal insolvency. As per a new section 164A introduced in the Insolvency and Bankruptcy Code (Amendments) Bill, 2025, the resolution professionals (RPs) can approach National Company Law Tribunal (NCLT) to bring all…
The Family Outpost posted a liquidation sale sign on their front entrance last week. // SB Williams By Sara Beth Williams–A family-owned thrift store in Citrus Heights is going out of business, according to an estate sales company that is handling the liquidation of the store’s merchandise. The Family Outpost thrift store posted a liquidation…
04 Sep 2025 By Craig Darling, Partner, Corporate at Gilson Gray. Scotland’s SME sector has shown impressive resilience over recent years. However, for lenders, particularly challenger banks, alternative funders and asset-based lenders – 2026 will be critical in balancing opportunity with risk. The end of government support schemes has exposed the underlying pressures many businesses are…
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