A FORMER employee of a bakery chain which has closed its Westbury branch claims workers have not been paid wages from the past five weeks after the company was placed into liquidation. Bristol-based Parsons Bakery was set to take over nine of the 11 Bath Bakery branches on Friday but the deal fell through after…
Kolkata, Jan 12: Insolvency and Bankruptcy Board of India today said the new code is not meant to address any fraud on the part of company promoters but allows creditors and other stakeholders to go for health check of the corporate at the first available opportunity. The code is not going to address fraud and…
Wagga punter Ron Lee A Wagga punter has been embroiled in a gambling scandal that saw $111,000 traded on his online account without his knowledge. Removalist Ron Lee has accused a top William Hill executive of turning a blind eye to scammers, who gained access to his dormant account and made 185 bets. After raising…
More bumper retail results today with M&S reporting an increase in clothing and homeware sales over Christmas for the first time in two years. Surpassing expectations, sales in the division rose by 2.3 per cent. John Lewis also reported results this morning, revealing that Christmas sales increased by 2.7 per cent. Meanwhile, a demand for…
The numbers, taken from notices in the London Gazette, show that 1,174 companies, or groups of companies, entered into administration across the UK during 2016, compared with the 15-year low of 1,111 in the previous year. The peak was seen in 2009, following the financial crisis, when 3,376 companies went into administration. Blair Nimmo, KPMGs…
McAleese chief Mark Rowsthorn will try to restore the transport group’s reputation after it was renamed “Rivet” Cole Bennetts Collapsed transport group McAleese has emerged from administration and has been renamed Rivet with chief executive Mark Rowsthorn staying at the helm after equity holders were wiped out. Rivet will specialise in mining, energy and aviation fuelling…
UPDATE 5PM: BY the end of the week, administrators expect to have a firmer grasp on the assets, jobs and debts tied up in the CQ Leagues Club. Worrells Solvency and Forensic Accountants were appointed administrators of the troubled club yesterday and issued a statement before noon. One of the administrators, Paul Nogueira, spoke with…
Western Australian PC components distributor Softline Australia Distribution has entered liquidation after being unable to pay debts in excess of $200,000. Domenico Calabretta and Grahame Ward of Mackay Goodwin were appointed liquidators on December 20, 2016. Documents lodged with corporate regular ASIC revealed the company sank among a number of debts, including an undisclosed debt…
(THINKSTOCK) Health Republic of New Jersey, the co-op insurance company created in response to the Affordable Care Act marketplace that was put into rehabilitation late last year, is now in liquidation, according to documents filed by the state Department of Banking and Insurance last month. The document calls for a termination of the rehabilitation process…
Rental, hiring and real estate services were among the industries that fared worst as external administrations jumped 14 per cent in Western Australia for the September quarter, as insolvency experts warn that an economic rebound has not yet clearly emerged. Around 260 WA businesses entered administration in that three month period, up from 228 in…