In their report, the liquidators said that despite its market position, The Olive Press “was not profitable” and continued trading with the support of loans and shareholder advances. “The ultimate reason for the liquidations was due to insufficient cash or investment to complete the current season’s harvest.” According to their report, Inland Revenue is owed…
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Veteran Qld construction company in administration after 50 years The Courier Mail Read the original article here
Mon, 11 May 2026 | ADMINISTRATION Discount retailer faces critical creditor vote as revenues collapse and cash shortfall looms, but an administration scenario would unlock significant M&A opportunities across its store estate, brand portfolio and distribution infrastructure. Poundstretcher, one of the UK’s largest discount retailers, is facing its most serious financial crisis since its 2020…
Cerebra Integrated Technologies Board Approves Initiation of Corporate Insolvency Resolution Process scanx.trade Read the original article here
REVEALED: Latest business liquidations in Brimbank Herald Sun Read the original article here
Axip Energy Services, LP and six affiliated debtors filed a Combined Disclosure Statement and Chapter 11 Plan of Liquidation on May 6, 2026, in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (Case No. 26-90338 (CML)), outlining a framework for winding down the estates following the completed sale of substantially…
A British carpet and flooring company has collapsed into liquidation after being in business for 13 years. The firm, which employed 10 staff members, recently went bust and a petition was presented to wind it up. The Floor Studio, founded in Elgin, Scotland, in 2013, entered liquidation on Tuesday, May 5, after Stuart Robb, of…
Autostrade Meridionali Publishes Shareholders’ Meeting Minutes on Liquidation Accounts TipRanks Read the original article here
SKIL Infrastructure Reports Steep Losses in Q2 FY25 Amid Ongoing Insolvency Proceedings scanx.trade Read the original article here