About 3000 hospitality businesses have closed their doors in the past 12 months, new data shows. By Susan Edmunds of RNZ Credit bureau Centrix has released its latest update, which shows that while business defaults are down, company closures and liquidations are elevated. In the hospitality sector alone, 422 companies, or 1.3% of the sector,…
A Hartlepool security company has entered voluntary liquidation after building up debts of more than £80,000. Euro Security Limited, which traded as Euro Security and Euro Fire & Security, filed its statement of affairs after entering creditors’ voluntary liquidation on Wednesday, August 26, revealing debts of more than £80,000. The liquidation came less than two…
Leading Labels, founded in 1993, is a long-running clothing retailer that draws shoppers with major brands at outlet prices. 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…
Astron Paper & Board Mill Ltd is actively moving through the Corporate Insolvency Resolution Process. The Resolution Professional has unveiled a revised timeline, with the crucial deadline for submission of resolution plans set for November 16, 2026. This stage is critical as it will determine the company’s potential ownership restructuring and future survival under the…
Euro Security Limited, which traded as Euro Security and Euro Fire & Security, filed its statement of affairs after entering creditors’ voluntary liquidation on Wednesday, August 26, revealing debts of more than £80,000. The liquidation came less than two months after the company challenged plans to strike it off the Companies House register. Euro Security…
After battling breast cancer, Terri Beard had planned to live in a modular home on her daughter’s property to get some family support. The 76-year-old paid $130,000 to Bella Modular, a Perth-based manufacturer of transportable granny flats and home office buildings. But just two weeks after handing over the final payment to get the build…
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Developer owes millions, workers stood down The Australian Read the original article here
Apartment Investment and Management Company (Aimco) stock (ISIN US03748R1014) remains at a low single-digit level as investors continue to price in the planned sale and liquidation of the New York Stock Exchange listed real estate company as of September 1, 2026. AIV shares stay depressed after liquidation plan Recent market data compiled on September 1,…
An award-winning Cardiff communications agency has ceased trading after facing a shrinking market and increased competition. The board of Orchard Media and Events Ltd has instructed business advisory firm Menzies LLP to place the company into liquidation. In a statement, the company said: “The Board of Orchard Media and Events Ltd has made the difficult…