Following evaluation from its Board, R&Q has confirmed that it will be filing for a provisional liquidation in Bermuda and that it expects the previously announced sale of Accredited to Onex Corporation to be implemented through that process. If you recall, on the 13th of June, R&Q released an update on the proposed sale of…
Latest figures from the Insolvency Service have shown that there were 2,006 business insolvencies in England & Wales in May 2024, a decrease of 6% when compared to April 2024 figures (2,144) and 21% lower than the same month in the previous year. The business consisted of 271 compulsory liquidations, 1,590 creditors voluntary liquidations (CVLs),…
In an announcement that has surprised many in Sydneys independent theatre sector, the Directors of Darlinghurst Theatre Company have resolved to place Darlinghurst Theatre Limited (Company) into Voluntary Administration. Jonathon Keenan and Peter Krejci of BRI Ferrier have been appointed Joint & Several Administrators of the Company. Given the Companys financial position, all trading has been suspended…
In a landmark judgment, the Supreme Court has provided comprehensive clarity on the application of set-offs within the framework of the Insolvency and Bankruptcy Code (IBC), particularly during the Corporate Insolvency Resolution Process (CIRP). The recent ruling in the case of Bharti Airtel Ltd and Anr. v Vijaykumar V. Iyer addresses a frequently contested issue,…
Thirty-year-old Darlinghurst Theatre Company has been placed into voluntary administration. In a shock announcement on social media, the company’s directors announced their resolution to appoint Jonathon Keenan and Peter Krejci of BRI Ferrier as administrators. DTC had been actively promoting ticket sales and its donor programme as recently as last week in an economic environment challenging…
Darlinghurst Theatre Company has announced via social media and its website that its directors have resolved to place the company into voluntary administration as of 17 June 2024. The company was formed in 1993 by Glenn Terry. Housed in The Eternity Playhouse since 2013 and supported through Arts NSW, the Darlo has been a mainstay…
Tasmanian-headquartered food business HS Fresh Food has been placed into voluntary administration, with a sale or restructure of the business likely. HS is a major supplier of salads and fresh produce to Coles and Woolworths and the parent company behind the brands Houstons Farm, Sunfresh, Gourmet Selections and HS Fresh Farms. Advertisement Administrators from FTI…
A farming business with operations across Australia has entered voluntary administration, putting some 500 jobs at risk. HS Fresh Food, which specialises in fresh salads, ready-made meals, snacks, food-to-go and pre-prepared vegetables products, collapsed on June 14, with FTI Consulting administrators Vaughan Strawbridge, Joanne Dunn and Ben Campbell brought in to restructure the troubled company.…
Major food company went bust Some 500 jobs are at risk as a result By Duncan Evans For Nca Newswire Published: 11:19 AEST, 18 June 2024 | Updated: 11:50 AEST, 18 June 2024 A farming business with operations across Australia has entered voluntary administration, putting some 500 … Read the full article at: https://www.dailymail.co.uk/news/article-13540639/HS-Fresh-Food-administration.html
Cubitt’s in Emu Plains. Share this story Efforts to save long-time Penrith business Cubitts Granny Flats and Home Extensions have failed. After 30 years, the family owned business has been formally placed into liquidation by creditors. As previously reported by the Weekender, the business was placed into voluntary administration in February. There is some bright…