The Lounge, based in Tenby, ceased trading after owners said it could no longer continue because of outstanding liabilities. The business, which operated as The Lounge (Tenby) Limited from St Georges Street, entered creditors’ voluntary liquidation on October 31, 2025 following a general meeting of shareholders. A special resolution passed at the meeting stated: “It…
An abandoned oil drilling rig off the coast of Western Australia’s Midwest is at the centre of a storm about who pays the clean-up bill after the company that owned it went into administration. Local fishermen and conservation groups are demanding the federal government take action over the Cliff Head oil platform before crayfishing grounds…
As the global robotics sector sees surging investment, a former star has collapsed spectacularly. Recently, investors in U.S. surgical robotics company Vicarious Surgical voted to cease operations and proceed with bankruptcy liquidation. The company, once hailed as a challenger to the da Vinci surgical system, raised approximately $300 million cumulatively and attracted investment from Bill…
A once-dominant retail giant has been reduced to just five remaining stores after decades of decline. Founded in 1886, Sears was once one of America’s biggest retailers, operating 2,700 stores at its peak. However, years of underinvestment, shrinking sales and controversial business decisions have left the department store chain on the brink of disappearing completely.…
Company has sold six properties in 2026 Remaining four properties are under contract, including new purchase and sale agreement covering Riverside Apartments Targets completion of all remaining sales during the third and fourth quarters of 2026 with delisting and dissolution targeted for fourth quarter 2026 Updates range of total estimated liquidating distributions to $16.41 –…
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Saturday, July 25, 2026 • 3 min read Vodacom Group executive office building displaying company branding, as Vodacom Business Kenya prepares to hold its final liquidation meeting in August 2026 | The Kenyan Times … Read the original article here
SHENZHEN, CHINA – Media OutReach Newswire – 23 July 2026 – Nanyang Optical Co. Pte Ltd (In Liquidation) is inviting expressions of interest from optical retailers, distributors, wholesalers, exporters, and trade buyers for the acquisition of its inventory through a tender sale process. The inventory, currently located in Shenzhen, China, presents an opportunity for businesses…
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REVEALED: Latest business liquidations in Scenic Rim The Courier Mail Read the original article here