Daniel Grollo. Former Grocon chief executive Daniel Grollo has been declared bankrupt, almost six years after the collapse of the construction empire once responsible for some of Australia’s most recognisable towers. The third-generation builder and property executive reportedly owes creditors more than $10 million. His bankruptcy marks the latest chapter in the downfall of Grocon,…
Reset Trade Group in liquidation with loss of 30 jobs thepost.co.nz Read the original article here
{{ registerForm.errors.get(‘form’) }} We had trouble validating your card. It’s possible your card provider is preventing us from charging the card. Please contact your card provider or customer support. Credit Card {{ cardForm.errors.get(‘card’) }} … Read the original article here
KULR Technology Group, a US-listed battery technology company, and The Smarter Web Company, a UK-listed web services group with a Bitcoin treasury strategy, have sold approximately 511 BTC and used the proceeds to retire approximately $31.7 million of obligations in disclosures published one day apart. The total comprises $20 million of KULR principal and Smarter…
St Davids Distillery Limited, based at Sunny Hill, Nine Wells near Haverfordwest in Pembrokeshire, faces a winding-up petition from HM Revenue and Customs (HMRC). The petition, filed under the Insolvency Act 1986, alleges unpaid tax debts and opens the door to compulsory liquidation if granted by the High Court. A notice in the London Gazette…
‘Very odd’: Financial fallout spreads in Hawke’s Bay over apple grower’s debt NZ Herald Read the original article here
The Lounge, based in Tenby, ceased trading after owners said it could no longer continue because of outstanding liabilities. The business, which operated as The Lounge (Tenby) Limited from St Georges Street, entered creditors’ voluntary liquidation on October 31, 2025 following a general meeting of shareholders. A special resolution passed at the meeting stated: “It…
An abandoned oil drilling rig off the coast of Western Australia’s Midwest is at the centre of a storm about who pays the clean-up bill after the company that owned it went into administration. Local fishermen and conservation groups are demanding the federal government take action over the Cliff Head oil platform before crayfishing grounds…
As the global robotics sector sees surging investment, a former star has collapsed spectacularly. Recently, investors in U.S. surgical robotics company Vicarious Surgical voted to cease operations and proceed with bankruptcy liquidation. The company, once hailed as a challenger to the da Vinci surgical system, raised approximately $300 million cumulatively and attracted investment from Bill…
A once-dominant retail giant has been reduced to just five remaining stores after decades of decline. Founded in 1886, Sears was once one of America’s biggest retailers, operating 2,700 stores at its peak. However, years of underinvestment, shrinking sales and controversial business decisions have left the department store chain on the brink of disappearing completely.…