Innovative UK railway firm enters liquidation after 74 years

HIRD Railway Services, which was founded back in 1952, had liquidators appointed on Friday, February 27. It is a supplier of specialist track-related products and services, including IBJs (Insulated Block Joints), heritage rail supplies, and network-approved new rails to the railway industry. HIRD Railway Services describes itself as an “innovative” provider of “industry-leading infrastructure solutions”.…

Tau lambasts Tongaat BRPs over liquidation application

Claims the Companies Act is being ‘abused and perverted’ by the BRPs to push for the liquidation of Tongaat ‘against the public interest’ Minister of Trade, Industry and Competition Parks Tau has lambasted the conduct of the business rescue practitioners (BRPs) of financially distressed, suspended JSE-listed sugar producer and property developer Tongaat Hulett. Tau said…