Corporate insolvencies hit 30-year high in England and Wales – Asset Finance International

In 2023, 25,158 company insolvencies were reported in England and Wales by the Insolvency Service, the highest number since 1993. Figures included 20,577 voluntary liquidations (9% higher than 2022 and the highest number since 1960), 2,827 compulsory liquidations (up 44%), 1,567 administrations (up 27%), and 185 company voluntary arrangements (CVAs) (up 67%). The number of…

Messy fallout in $1.4m company collapse – news.com.au

A car company linked to a larger tradie contracting group has collapsed into liquidation with liabilities of $1.4 million. News.com.au can reveal that earlier this month, Sydney-based Surelinc Fleet went into liquidation. Its sole purpose was to lease cars to a sister company, Surelinc Services, which does heating, ventilation, airconditioning, maintenance and fire protection jobs.…

Sara Lee bought by Australian family after going into administration – Daily Mail

By Eliza Mcphee For Daily Mail Australia Published: 15:57 AEDT, 29 January 2024 | Updated: 19:34 AEDT, 29 January 2024 Sara Lee will remain afloat and in Australian hands in a major development after the much-loved frozen desserts brand plunged into administration three months … Read the full article at: https://www.dailymail.co.uk/news/article-13017783/sara-lee-saved-administration.html

Melbourne Rebels enter voluntary administration, will play out 2024 season – RugbyPass

The Melbourne Rebels have entered voluntary administration, but will get the opportunity to play in the 2024 Super Rugby Pacific season thanks to Rugby Australias backing. ADVERTISEMENT Rumours and reports around the clubs financial status had been evolving over the offseason and ultimately, the club made the decision on Monday night to enter voluntary administration.…

Vacuum cleaner retail chain Godfreys enters voluntary administration amid 'challenging' economic conditions – ABC News

Vacuum cleaner retail chain Godfreys has collapsed, with cost of living pressures blamed for fewer sales and contributing to a “challenging economic and operating environment” for the business to remain viable. Key points: Godfreys has entered voluntary administration while looking for a potential buyer for the vacuum cleaner retailer The business has struggled with maintaining…

Australian vacuum retailer Godfrey's enters voluntary administration – 9News

Leading Aussie vacuum retailer Godfreys Group has entered voluntary administration, affecting the employment of approximately 193 staff across Australia and New Zealand. Godfreys Group announced today that it had made “the difficult decision” to appoint voluntary administrators after almost 90 years in business. “Sadly, like many retailers, we have been heavily impacted by consumer confidence…

Big retailer in administration, 193 jobs cut – news.com.au

A major Australian retailer has gone into voluntary administration with expectations 193 people will lose their jobs and 54 stores will close. On Tuesday afternoon, Godfreys Group appointed voluntary administrators. Craig Crosbie, Robert Ditrich and Daniel Walley of the restructuring arm of PwC Australia are running the restructuring attempt. They said that Godfreys Group Pty…

Melbourne Rebels enter voluntary administration as embattled club faces fight to survive – ABC News

Rugby Australia is working with the debt-ridden Melbourne Rebels to ensure they field a team in this year’s Super Rugby Pacific competition but has offered no guarantees beyond that. Key points: Embattled Super Rugby club Melbourne Rebels have entered voluntary administration just a month before the season kicks off The Rebels are believed to be…