Business insolvencies are running at more than double the rate of last year — and one economist says the failure rate exceeds that of the global financial crisis. There were 72 liquidations in October administered by the Insolvency and Trustee Service, just down from 74 in September. Of those, 37 were in Auckland. In comparison,…
Wellington food company in liquidation after 32 years Stuff Read the original article here
Their products could also be found in Wellington’s Moore Wilson’s and Auckland’s Farro Fresh. Alamir’s product range includes hummus, falafel, and pita bread but customers have noticed them missing from supermarket shelves recently. Photo / Alamir Bakery. In 2021, managing director Ali Dia told the Herald the company was started by his father as an…
Cummings to learn training fate as creditors circle Racenet Read the original article here
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Watch: Polish news anchor pulled off air as Tusk reforms take effect Poland’s new pro-EU coalition government has said it is putting the country’s public television, radio and news agency into liquidation. The move comes as part of its pledge to restore impartiality to state media. Last week, Culture Minister Bartłomiej Sienkiewicz took the state…
The well-established English language and VET provider, which has been operating since 1997, has been placed into voluntary administration by a creditor. An update on its future is anticipated later this week. “Throughout 2024, IH Sydney Training Services has been in various discussions to bring an investor or acquirer into the company,” said Tim Eckenfels,…
Aussies scoop up cheap gifts from sports company liquidation Central Western Daily Read the original article here
Devon motor dealer closes suddenly as it faces liquidation Devon Live Read the original article here
Since the pandemic, during which insolvency rates were low due to government measures, there has been a considerable rise in insolvencies in the UK and many other jurisdictions. High interest rates have significantly increased the cost of borrowing and many companies are saddled with mountains of debt that was taken out in better times and…