A family-run UK furniture company has collapsed into liquidation, a notice in the Gazette has confirmed. It joins several other businesses that have made similar moves in recent weeks, as the current economic climate proves difficult for many. Other firms have blamed rising business costs and higher material prices as contributing factors in liquidations and…
Sugarcane farmers have warned that the possible collapse of Tongaat Hulett could lead to large-scale job losses, deepen rural poverty, and increase South Africa’s dependence on imported sugar, Farmer’s Weekly reported. Ahead of the company’s provisional liquidation hearing scheduled for 27 February, letters were sent to President Cyril Ramaphosa and the ministers responsible for finance;…
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Corporate insolvencies to rise again in 2026 as interest rate risks linger: Coface Insurance Business Read the original article here
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Gillens Coaches Limited is now in the process of liquidation. Companies House listed a change of address from its registered base at Sandyford Place to the care of Glasgow-based Opus Restructuring. The petition was presented to Glasgow Sheriff Court by the Advocate General for Scotland for HMRC to order that Gillens Coaches Limited “be wound up…