Students out of pocket as travel company enters liquidation

The company announced its closure at the start of July, leaving customers unable to travel. Many of those affected are gap year students and recent graduates who had paid for placements intended to boost their education and career prospects. UK travel company GVI enters liquidation GVI offered programmes including nature and conservation trips, including locations…

Midlothian distillery known for award-winning gins collapses into liquidation

A Midlothian distillery that was previously branded ‘stunning’ has collapsed into liquidation. Secret Garden Distillery has been ‘voluntarily wound up’ after almost a decade. Business advisory group Opus Restructuring LLP has been appointed as joint administrators. The reason for calling in liquidators is not currently known, reports the Daily Record. However, documents on the Companies…

Golf club prepares for new era

General manager Ashley Boyd said a special general meeting will be announced soon to give members the opportunity to vote on the incoming board. “Last Tuesday (July 7) we had our second meeting with creditors and put forward what’s called a Deed of Company arrangement,” Mr Boyd said. “That was accepted, providing we can continue…

Students out of pocket as travel company enters liquidation

Global Vision International (GVI), based in Exeter, offered charitable travel programmes across the globe for 28 years, providing placements in conservation, education, and community development in countries such as Costa Rica and Fiji. The company announced its closure at the start of July, leaving customers unable to travel. Many of those affected are gap year…

Fraud Allegations and FIRs Render SBI‑Linked Loan Documents Invalid: NCLAT Dismisses Insolvency Plea [Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has upheld the dismissal of a Section 7 insolvency petition filed by the appellant. The Tribunal found that the loan and guarantee documents linked to an SBI account were riddled with discrepancies, alleged fabrications, and subject to multiple FIRs and civil suits. The appeal…

Students out of pocket as travel company enters liquidation

Global Vision International (GVI), based in Exeter, offered charitable travel programmes across the globe for 28 years, providing placements in conservation, education, and community development in countries such as Costa Rica and Fiji. The company announced its closure at the start of July, leaving customers unable to travel. Many of those affected are gap year…

Oracle Insolvency Announces New Insights into SME Financial Distress Across Australia

Oracle Insolvency has released new insights into financial distress trends affecting Australian SMEs, highlighting sector-specific pressures, increasing restructuring activity, and changing insolvency patterns as businesses navigate ongoing economic and operational challenges. Australia, July 6, 2026 — Oracle Insolvency has released new analysis examining financial distress trends among small and medium-sized enterprises (SMEs) across Australia, identifying…