A string of construction companies linked together have collapsed, months after the building regulator forced one of the businesses to stop work over safety concerns. On Tuesday, four building and development companies from NSW went into liquidation – Adroit Constructions Pty Ltd, Maximus Builders Pty Ltd, Maxim Builders Pty Ltd and Maxus Builders Pty Ltd.…
German companies are expected to go bust at a higher rate this year following a sharp increase in insolvencies in 2023, as businesses hit by high energy costs and the end of pandemic aid throw in the towel. Restructuring experts warn that many “zombie” companies kept afloat after the coronavirus pandemic by generous government aid…
Derby-based dance company Déda has entered voluntary insolvency Déda is entering voluntary insolvency, saying rising costs and a slow recovery in audience numbers since the pandemic have made it ’impossible’ to continue Support The Stage by registering or subscribing To continue reading this article you must be logged in. Register or login below to unlock…
The National Company Law Tribunal (NCLT), in an order delivered on July 16, admitted a plea filed by the Board of Control for Cricket in India (BCCI) to initiate a corporate insolvency resolution process for Think and Learn Pvt Ltd, the parent company of BYJU’S. “This Adjudicating Authority is of the considered opinion that there…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joseph Schumpeter shocked many with his forthright views about the power of free markets. The early 20th century Austrian economist once told his students at Harvard University: “Gentlemen, a depression is for capitalism like a…
Rising numbers of firms going bust overtake financial crisis insolvency levels MSN Read the original article here
CTD Tiles goes into administration and closes 56 of its outlets. The company’s administrators stated that 268 employees were laid off as a result of the failure. Despite the huge number of retail closures, rival Topps Group purchased 30 CTD Tiles locations and two distribution sites in a rescue plan. Topps Tiles has purchased CTD…
Derby-based dance company Déda has announced it is entering voluntary insolvency after “enduring significant financial pressures” since the onset of Covid, making it “impossible to continue” operations in its current format. Founded in 1991, the Arts Council England-funded charity runs a dance and movement venue and is co-producer of the annual Derby Feste festival, which…
Sunright Limited (SG:S71) has released an update. Sunright Limited has completed the liquidation of its wholly-owned subsidiary, KES Systems & Service (Shanghai) Co., Ltd., with the subsidiary’s business license revoked in March and the process finalized in August 2024. The company assures stakeholders that this move will not materially affect its net tangible assets or…
Operational creditors continue to get little of insolvency proceeds MSN Read the original article here