Readie Construction parent firm enters liquidation

Liquidators have been appointed for Readie Management Limited (RML), the parent company of collapsed contractor Readie Construction. Jacob Beake and Gavin Savage of Begbies Traynor were named in a document filed on the Companies House website yesterday (15 May). Travelers Insurance Company had filed a winding-up petition in the High Court against RML, and in…

Warning signal sounded by Atradius experts: corporate insolvencies on the rise in Europe and Romania

Against the backdrop of global economic instability, the number of insolvencies worldwide recorded a 19% increase in 2024 compared to the previous year, according to the latest Atradius report “Insolvencies normalise, but trade war brings new risks”, published in April 2025. The analysis, covering 29 global markets, highlights a trend toward a return to pre-pandemic…

Providing urgent funding to a company in external administration: do you lose your seat at the COI table?

This week’s TGIF considers a recent decision concerning the voluntary administration of a Christian school, where the Court gave advice regarding an urgent funding package and questions arising in relation to the Committee of Inspection. In Marsden, in the matter of Brindabella Christian Education Limited (administrators appointed) [2025] FCA 456, Derrington J gave judicial advice…

Another EV Startup Is on the Brink of Death

Remeber Bollinger Motors? The last time we checked in on the EV startup, it was filing a lawsuit against UK-based Munro for patent infringement. Prior to that, the company decided to step away from plans to build its blocky B1 SUV and B2 pickup in favor of a large commercial vehicle called the B4. Now,…

Canadian Tire to take over Hudson’s Bay’s iconic stripes, logos

Shoppers who stocked up on Hudson’s Bay blankets or other goods adorned with the iconic retailer’s stripes, hoping they’d become collector’s items, may be in for disappointment. On Thursday, Canadian Tire announced it will pay $30 million to take over Hudson’s Bay’s intellectual property, including its famous four stripes motif, various company names, logos, and the retailer’s coat of…