Hospitality also continues to face elevated insolvency pressure, with its liquidation rate sitting 3.3 times that of the average New Zealand business. During the past 12 months, 422 hospitality companies entered liquidation, up from 297 a year earlier. More than 2900 hospitality businesses also ceased trading during the period, an increase of 38%. “It doesn’t…
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As administrators seek a financial lifeline for collapsed construction firm Bathla, a specialist debt recovery firm is vying to represent scores of Sydney businesses as unsecured creditors. A week after Bathla and a suite of related companies entered voluntary administration, leaving the fate of thousands of half-built homes in the balance, Corporate Recovery Partners is…
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REVEALED: Liquidator appointments for businesses in the Somerset council area for September 2 The Courier Mail Read the original article here
Ebru Evrim Roberts has spoken to The Press about the voluntary liquidation of Ebru Evrim Ltd, a limited company based in Harrogate. A liquidator’s report known as a statement of affairs says the company had an estimated deficiency or debts of more than £1 million, including £6,696.81 the company owed Ebru as an employee. The…
REVEALED: Liquidator appointments for businesses in the Brisbane council area for September 2 The Courier Mail Read the original article here
Australia’s troubled recycling sector is facing another potentially devastating blow, with a major facility that processes 20,000 tonnes of plastic annually entering voluntary administration. Dozens of jobs hang in the balance after it was announced this week that Recycling Plastics Australia had appointed voluntary administrators. The company’s future is now uncertain — with administrators assessing…
It stocks discounted fashion items from big-name brands, including Calvin Klein, Wrangler, and Joules. At its peak, Leading Labels ran around 30 stores with more than 200 employees. Leading Labels falls into liquidation Leading Labels is now closing down after falling into liquidation earlier this year. Jeremy Bleazard of XL Business Solutions Limited was appointed…
The administrators of embattled property developer Bathla Group have said the company will fold by the end of the week unless they can secure additional funding to keep it afloat. The insolvency advisory Teneo assumed control of Bathla’s operations on 25 August after the Sydney-based construction company went into voluntary administration under the weight of…