Brian Milne and Ishbel Macneil of Quantuma Advisory have been appointed liquidators to Gracey Avenue, Dunfermline’s only dedicated lingerie retailer, resulting in the loss of five jobs. A Companies House filing shows the Fife business passed a special resolution on 5 March confirming that the company could not continue trading by reason of its liabilities…
BERLIN (March 13): The total number of corporate bankruptcies in Germany rose to its highest level in more than a decade last year, according to data published by the federal statistics office on Friday. Local courts registered 24,064 corporate insolvency filings, 10.3% more than in the previous year, according to the figures. “2025 was an…
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German Corporate Insolvencies Surge to Decade-High Amid Economic Headwinds Rising Bankruptcy Rates and Economic Challenges in Germany Corporate Insolvency Statistics Reach Decade High BERLIN, March 13 (Reuters) – The total number of corporate bankruptcies in Germany rose to its highest level in more than a decade last year, according to data published by the federal…
Gracey Avenue sat on the city’s New Row for around two decades, but plummeting sales led owner Tracey Grayson to make a tough decision and close the doors for good. She told the Press back in January: “We just can’t survive any longer, because the government is pushing us out and making it impossible for…
The National Company Law Tribunal (NCLT) has ordered the liquidation of Hero Electric Vehicles Pvt. Ltd. after efforts to revive the company through the insolvency resolution process failed to produce an approved plan. The order was passed by the NCLT’s New Delhi Bench on March 3, 2026.The tribunal noted that no resolution proposal received the…
A popular hair salon, located in one of the UK’s biggest cities, has gone into liquidation. Art.Salon, in Birmingham, is a “premier women only hijab friendly luxury hair and beauty salon. A Corporate Insolvency notice has been posted to The Gazette for the business. On Treatwell, a review website for salons across the UK, customers…
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The clock is ticking for embattled sugar giant Tongaat Hulett and the hundreds of thousands of people who depend on it. The company has two critical deadlines looming in April: the opening of its mills, and a court case to determine whether the company is placed in provisional liquidation. Tongaat head office stripped of expensive…
Hero Electric is headed for liquidation after the Committee of Creditors (CoC) failed to achieve the mandatory 66 percent majority required to approve a resolution plan under the Insolvency and Bankruptcy Code. The company’s insolvency journey began on December 20, 2024, following an application by operational creditor Metro Tyres Limited. CoC deadlocked at 50-50 split…