Jane Goodfellow, 58, and Clare Watts, 54, from Somerset, were both handed suspended sentences at Taunton Crown Court after pleading guilty to running a company whilst Goodfellow was disqualified. Goodfellow pleaded guilty to acting as a director while disqualified and carrying on a business under a prohibited name at Taunton Crown Court on 12 April.…
The National Health Co-op, which runs eight not-for-profit clinics in Canberra, has gone into voluntary administration. In a message to staff on Monday, administrators Slaven Torline said the end of JobKeeper and “recent staff changes” had left an “insurmountable” forecast deficit. “The board and management have looked at further ways to address the NHC’s financial…
Move seen as precursor to LIC IPO; 5% minimum public shareholding compulsory on IBC relisting TopicsIPO|LIC |market cap Easier dilution norms for mega initial public offerings (IPOs) have come into effect. Companies with post-listing market capitalisation (m-cap) of more than Rs 1 trillion will not be required to dilute a minimum of 10 per cent.…
A company director who owes businesses $20 million after his company went broke on an Andrews government road project has been accused of siphoning cash from a company he partly owned. More than 200 civil construction firms were left thousands of dollars out of pocket on the $1.8 billion Western Roads Upgrade after a major…
A partner with experience in aviation finance, restructuring and insolvency matters in Asia has joined K&… A partner with experience in aviation finance, restructuring and insolvency matters in Asia has joined K&L Gates Hong Kong finance practice. Eugene Yeung has joined K&L Gates Hong Kong finance practice as a partner after three years at Pillsbury…
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Darren Antony Reynolds, 51, from Willenhall, West Midlands, was the sole director of Active Wealth (UK) Limited, an independent financial advice company. A chartered financial planner, Reynolds advised hundreds of clients on the best way to invest their pension funds from December 2014 to the companys liquidation in February 2018. Following Active Wealths liquidation, an…
A lifeline for struggling businesses in the United Kingdom the most significant insolvency reforms for a generationCorporate Insolvency and Governance Act 2020The Corporate Insolvency and Governance Act 2020 (the Act) entered into force on 26 June 2020. The Act represents the most significant reforms to the insolvency framework in the United Kingdom since, at least,…
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York-based family owned business, Riccall Carers Ltd, has ceased trading after more than 20 years of providing home care for vulnerable and elderly people throughout York and Selby. The business was established in 1998 and provided personal care home visits to around 180 private and local authority-funded clients in the region. It held contracts with…