South African business insolvencies are expected to stabilise in 2026 before increasing modestly in 2027, within a global environment in which the Middle East conflict is affecting energy markets, inflation, financial conditions, and business confidence, according to Allianz Trade’s latest Insolvency Report. The trade credit insurer forecasts local insolvencies will move from 1 534 cases…
The Handmade Boutique, which allowed independent traders from across the south west to sell their products in Taunton and at Clarks Village, first opened at 51 Station Road in April 2022, with more than 50 local businesses showcasing their products. It was then relocated to Taunton’s High Street, and by February 2024, it was supporting…
A TAUNTON company is set to go into liquidation, with former traders claiming they’ve been left ‘out of pocket’. The Handmade Boutique, which allowed independent traders from across the south west to sell their products in Taunton and at Clarks Village, first opened at 51 Station Road in April 2022, with more than 50 local…
Liquidators have been appointed to Sea Glass Limited following a successful petition from HMRC for the Port Seton-based company to be wound up. James Alexander Dewar of Edinburgh-based Interpath was appointed liquidator by Edinburgh Sheriff Court. A winding-up petition from HMRC is a legal demand to the court to close down a company that is…
The Supreme Court of India has dismissed an appeal filed by Dhanlaxmi Bank Limited, affirming that the Insolvency and Bankruptcy Code (IBC) should not be utilized as a coercive mechanism for debt recovery in cases involving intertwined contractual obligations. The Court upheld an order by the National Company Law Appellate Tribunal (NCLAT) which had set…
Spanish seamless tube supplier Tubos Reunidos (TR) has filed for voluntary administration, Kallanish notes. The company says in a note to the Spanish National Securities Market Commission (CNMV) that it has failed to secure either new financing or strategic partnerships aimed at boosting the group’s business. “The board has taken note of the fact that,…
Kaboodle, which describes itself as the UK’s largest independent white goods installer, is set to enter liquidation just weeks after announcing plans to withdraw completely from the housebuilding sector due to ongoing market pressures. The company’s commercial director, David Simpson, confirmed the closure in a LinkedIn post, describing the decision as the result of severe…
Fishburners, the Sydney co-working space that grew into one of Australia’s most influential startup communities, has entered voluntary administration. The administration spells an uncertain future for the not-for-profit, which evolved from a single hub in Ultimo to a community spanning over 35,000 entrepreneurs. Documents listed by the Australian Securities and Investments Commission show Fishburners appointed Phil…
The Insolvency Service has reported Suzanne Harley-Davies of Marton Cum Grafton failed to “exercise control of the affairs” of Namare GRP Ltd and TPG GRP Limited during 2023 and 2024. The 68-year-old also failed to ensure that the companies operated for legitimate corporate purposes. She has been disqualified as a company director for four years.…
A UK kitchen specialist has ceased trading with immediate effect after entering creditors’ voluntary liquidation. The company, Kaboodle Ltd, which operated since 2005, supplied kitchen appliances and installation services for retailers and manufacturers across the UK, with depots in Leeds, Highbridge, Basingstoke,…