Scott Leathers in Barnard Castle was officially wound down as a company on March 26, with lawyers brought in to sell off its assets. The boss of the company, which made and sold bespoke motorbike leathers, said it employed half-a-dozen people at the time of its closure, and has hit out at the state of…
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Australia’s largest wild-caught prawn operation will close its doors after 60 years, impacting hundreds of workers and devastating a Queensland community. A Raptis & Sons Group is expected to axe more than 200 jobs across South Australia and Queensland and begin selling off assets after administrators, appointed in March, were unable to find a buyer…
The Publican Group business was quietly placed into voluntary administration at the end of last year, after selling off all of its assets to Australian Venue Co. The Australian Securities and Investments Commission published that Richard Albarran, Cameron Shaw and Carl Huxtable of Chadwick Hall were appointed as administrators of the Publican Group in mid-December.…
A County Durham firm that has sold motorbike leathers for four decades has gone into liquidation, with its boss accusing the government of “killing the UK”. Scott Leathers in Barnard Castle was officially wound down as a company on March 26, with lawyers brought in to sell off its assets. The boss of the company,…
Under the Companies Act, 2013, preference shares carry a statutory right to priority repayment of capital upon winding-up, meaning preference shareholders rank ahead of equity shareholders by default. A similar priority framework is reflected in the IBC waterfall. That said, both these statutory positions can be modified through a company’s articles of association, and neither…
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