07 June 2016 , 10:36 AM by Jacquie Mackay The Blackwater Country Club and Mine Workers Clubs have been a part of the social fabric of the town of Blackwater for decades, but their future looks a little uncertain at the moment. The community clubs have gone into voluntary administration with the economic downturn…
When two of the oldest names on the UK high street BHS and Austin Reed collapsed into administration in the space of two days last month, they brought the arcane process of managing insolvent companies into the spotlight. More On this topic IN Financial Services But despite these high-profile failures, administrators have found themselves dealing…
Bulgaria’s Finance Minister Vladislav Goranov. Photo by BGNES Bulgaria has cancelled court proceedings for the closure of a joint project company with Russia and Greece formed to build an oil pipeline linking Bulgarian Black Sea port of Burgas with Greeces Aegean port of Alexandroupolis. “We terminated the case because the Greek side proposed to keep…
Video will begin in 5 seconds. More video Recommended Replay video Stocks to watch in the retail sector Nicholas Forsyth from Market Matters shares his top turnaround stories in Australia’s retail space. PT1M16S 620 349 Retail prices are set to rise, more big-name companies will fall over or be taken over. But don’t fear: Australians…
Golden age for retailers? More international retailers set to come to Australia. Photo: Brendon Thorne Retail prices are set to rise, more big-name companies will fall over or be taken over. But don’t fear: Australians will enjoy a golden age of retail in the next decade. As big retailers wrap up their stocktake sales, Andrew…
A U.S. Bankruptcy Court judge has approved a liquidation plan for Thinkstream, under which a limited amount of money will be doled out to creditorsbut not to more than 500 shareholders of the company due to the extensive about of debt owedsays court appointed trustee David Rubin. This substantially concludes the Thinkstream case, Rubin says…
Hundreds of BHS staff are facing uncertainty after the companys administrator failed to find a buyer for the high street giant. Administrators called in earlier this year yesterday announced that they had not been able to find a buyer for the chain that had the working capital required to keep the company going. The company…
It’s the end of an era: after weeks of uncertainty, today BHS’ administrators finally announced they were calling time on the sale of BHS – without a buyer. That could mean the disappearance of one of the high street’s biggest names, with all 163 stores closing. Not surprisingly, given the size of the collapse – some…
June 2nd, 2016 Holly Birkett Dry Cargo, Europe, Finance and Insurance 0 comments Klaipeda County Court decided to declare the company declared Lithuanian Shipping Company bankrupt on May 30 and the company has gone into liquidation. The companys creditors will meet with its bankruptcy administrator in Vilnius on June 10 to discuss the liquidation process, claims and…
Salisbury BHS to close as company goes into liquidation SALISBURY will lose one of its largest retailers as BHS goes into liquidation. The department store chain will close, resulting in the loss of up to 11,000 jobs nationwide, after administrators failed to find a buyer for the company. The announcement came at just after 2pm…