McGill and Partners, the London-based boutique specialist re/insurance broker, has launched SAIFElimits, a coverage solution for corporate insolvency. The scheme is designed to be incorporated into any primary directors and officers (D&O) policy and is triggered automatically by an insolvency event. This extension allows protection to remain in place for directors and officers for up…
Rubik3 founder and director Guy Earnshaw: the business remained sound and operating. Photo: Region. Rubik3 founder and director Guy Earnshaw has moved to quash reports that the award-winning consulting and recruitment business he founded has gone bust. Mr Earnshaw said the business had been restructured in March to June 2022 to streamline its work, including…
Dion Lee this week joins Alice McCall and Tigerlily as the latest Australian fashion label to call in the administrators in 2024. High profile Australian fashion label Dion Lee has called in the administrators as major partner Cue announced its withdrawal from the label this week. “After a recent strategic review, a decision has been…
Chartered accountant Lorcan O’Connor has joined the Insolvency Service Board as non-executive member Mr O’Connor was the founder of the Insolvency Service of Ireland (ISI) and led the organisation for seven years He joined the UK Insolvency Service Board on 2 April and was inducted on 2 May 2024 Lorcan O’Connor, founder and former leader…
Workers at two NSW factories have slammed their former employer after the company went bust, leaving them and other creditors multiple millions out of pocket. Last month, two companies linked to the Sydney-based Apollo group, which manufactures kitchen and bathroom joinery, collapsed into liquidation after 56 years in business. Its main clients were big builders…
Animus Distillery has entered into voluntary administration. Animus Distillery in Kyneton has entered into voluntary administration. Leading advisory and restructuring firm, Cor Cordis, has been engaged to assist the business with opportunities for sale or potential recapitalisation. In a statement issued to customers and partners, the Animus team said the decision was not made lightly.…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The company at the centre of René Benko’s property empire more than doubled its debt in the first nine months of the year, indicating the scale of the liquidity problems facing the group as it…
LATEST: 105 businesses go into liquidation in QLD Courier Mail Read the original article here
Proform Food Group – the manufacturer of plant-based protein products under the Meet, Protein Plate, and Bad Hunter brands – has entered voluntary administration. KPMG Australia’s Gayle Dickerson and James Dampney have been appointed as administrators to oversee the process. The administrators have assumed day-to-day control of the group, which will continue operating normally while…
Higher interest rates are pushing an increasing number of companies into insolvency, according to one of the UK’s biggest insolvency practitioners. Begbies Traynor said it expected to see more businesses tip into insolvency “in tandem with the indicators of corporate financial stress in the UK”, alongside its financial results published on Monday. The Bank of…