Bluejay Limited, the parent company behind Betway Kenya, will be required to pay about KSh 5 billion in outstanding taxes after the Tax Tribunal upheld various assessments by the Kenya Revenue Authority (KRA). The order comes at a time when the company has filed a petition for liquidation at the Milimani Law Courts Commercial and…
Patchwork Foods in Ruthin was founded in 1982 by Margaret Carter in her kitchen, and went on to become famous for pates and other specialities. An award-winning business for much of its four decades of trading, Margaret, son Rufus and business partner Jen Whitham helped it achieve a £2 million annual turnover. The trio left the business as…
Weinberg Campus liquidation to include 2,200 artworks amid $25M property listing The Business Journals Read the original article here
Albins, which is the largest high-performance transmission manufacturer in the southern hemisphere, specialises in the design and manufacture of drivetrain components from individual gears, axles, drive flanges and ring and pinions through to complete unit sequential shift transmissions. Read the original article here
Asia Pacific’s leading independent spirits distributor Proof & Company has placed its Australian business into voluntary administration, citing “a local economic downturn” and a “changing” Australian spirits industry landscape. The administration process applies solely to its Australian subsidiary Sa’Pere Drinks, which is currently trading as Proof & Company Australia and includes Australian brands such as…
Kam Kee Holdings faces liquidation proceeding due to financial troubles Dimsum Daily Read the original article here
Previously, as Hudson’s Bay Company ULC wrestled with its financing difficulties, it had announced that it would slim its fleet down to only 6 Hudson Bay stores and the one remaining Canadian Saks Fifth Avenue location. At this time, the Company believes that a viable bid for the current six-store model is unlikely, and therefore…
National car repair company with workshops across four states collapses owing almost $5million MSN Read the original article here
Betway files for liquidation amid a Sh5bn tax row with KRA Business Daily Read the original article here
The number of corporate insolvencies is about to erupt, but what is truly going on behind the increase? Lynne Darcey Quigley from commercial debt recovery advisory firm Darcey Quigley & Co discusses the sharp rise and outlines how corporations can mitigate the risk. In 2022, global corporate insolvency numbers are expected to increase by 33%,…