The Insolvency Service has returned £42.7 million to creditors and the wider economy in 2025-26 while increasing enforcement action against rogue directors and supporting thousands of people facing financial hardship, according to its Annual Report and Accounts. The report shows the agency handled 11,668 insolvency cases, processed 70,633 redundancy payments, and approved 48,344 Debt Relief…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
A liquidator has been appointed to a Scottish restaurant and bar company. The move follows a court action by HMRC against the Glasgow-registered firm. The compulsory liquidation relates to McMillan Leisure (Scotland) Limited, registered at a Hutcheson Street address. The company directors previously ran the former Pavement restaurant and bar at the address before they announced they…
Key Facts: GT Advisory & Consulting has reviewed FY2026 activity, noting that certain sectors have been hit harder than others when it relates to insolvency. Construction, hospitality, and retail were the most severely affected sectors, driven by fixed-price contract pressures, rising input costs, margin compression, and subdued consumer discretionary spending across South East Queensland. The…
Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA The corporate regulator has launched legal action to wind up financial planner Capital Guard, citing serious concerns about the firm’s handling of $17.4 million worth of investor funds. The Australian Securities and Investments Commission (ASIC)…
The compulsory liquidation relates to McMillan Leisure (Scotland) Limited, registered at a Hutcheson Street address. The company directors previously ran the former Pavement restaurant and bar at the address before they announced they were stepping down two years ago. A new unconnected operator now occupies the site. Liquidator appointed to Scottish restaurant company (Image: Getty…
According to reporting by The Advertiser, Adelaide-based company Heartland Wines has “collapsed” and owes $3.6 million. The Advertiser claims that a report to creditors revealed that “Westpac provided Heartland with an overdraft and credit card facility that had blown out to $1.2m by mid June”. Heartland reportedly does not produce wine itself and instead outsources…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Georgia Furniture Mart is closing permanently after 40 years of serving the Atlanta metropolitan area, with liquidation sales beginning Thursday at its Norcross and Kennesaw locations. The closure marks the end of a furniture retail era that began in 1986 under the name Underpriced Furniture before rebranding as Georgia Furniture Mart in 2020. Owners Michael…
KJ Parker Ltd has gone into voluntary liquidation, leaving 70 creditors across the UK fearing they will never receive the money they are due. Based at the Orion Business Centre in Wide Lane, KJ Parker owes various sums to a raft of other companies. It comes after new figures showed that activity in the UK…