A popular global beer brand is reportedly facing liquidation, according to The Street. BrewDog has reportedly brought in restructuring advisers AlixPartners to explore options, which include a possible sale or breakup of the business entirely, following its equity sale to individuals under its “Equity for Punks” program. The program previously offered shares with discounts such…
A popular global beer brand is reportedly facing liquidation, according to The Street. BrewDog has reportedly brought in restructuring advisers AlixPartners to explore options, which include a possible sale or breakup of the business entirely, following its equity sale to individuals under its “Equity for Punks” program. The program previously offered shares with discounts such…
Advisory firms accuse the company of defaulting on fees and equity commitments; insolvency proceedings are sought. A bankruptcy cloud is hanging over Polymatech Electronics Limited after operational creditors moved the National Company Law Tribunal (NCLT), Chennai, seeking insolvency proceedings against the company for alleged default on payments running into ₹157.20 crore. The insolvency plea, filed…
A bankruptcy cloud is hanging over Polymatech Electronics Limited after operational creditors moved the National Company Law Tribunal (NCLT), Chennai, seeking insolvency proceedings against the company for alleged default on payments running into ₹157.20 crore. The insolvency plea, filed under the Insolvency and Bankruptcy Code, accuses Polymatech of failing to pay advisory fees and…
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Duncan Raggett of AAB Business & Tax Advisory LLP has been appointed liquidator by the directors of the company. He said: “I am undertaking my statutory duties and investigations into the company’s assets and helping the employees with their claims to the Redundancy Payments Service. Creditors will be updated on progress in line with the…
But the site will remain open Lydford Services(Image: Google Street View) A company that runs a petrol station on the A37 will cease trading in April after seeing a rise in rent and drop in trade. SRT Petroleum ran Lydford Services until January of this year and will enter liquidation in April. But the petrol…
A brewing company has added another brewery to its stable after saving a family-run operation from liquidation. The Rutland Brewing Company, which runs Grainstore Brewery in Oakham, has bought Kent-based Musket Brewery after its closure last autumn and says the expansion will create new jobs in the area. It is the second time the Oakham-based…
Popular Scots ice cream firm collapses into liquidation after 127 years The Scottish Sun Read the original article here