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Daniel Grollo declared bankrupt – realestatesource

Daniel Grollo. Former Grocon chief executive Daniel Grollo has been declared bankrupt, almost six years after the collapse of the construction empire once responsible for some of Australia’s most recognisable towers. The third-generation builder and property executive reportedly owes creditors more than $10 million. His bankruptcy marks the latest chapter in the downfall of Grocon,…

Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt

KULR Technology Group, a US-listed battery technology company, and The Smarter Web Company, a UK-listed web services group with a Bitcoin treasury strategy, have sold approximately 511 BTC and used the proceeds to retire approximately $31.7 million of obligations in disclosures published one day apart. The total comprises $20 million of KULR principal and Smarter…

St Davids Distillery faces HMRC winding-up petition

St Davids Distillery Limited, based at Sunny Hill, Nine Wells near Haverfordwest in Pembrokeshire, faces a winding-up petition from HM Revenue and Customs (HMRC). The petition, filed under the Insolvency Act 1986, alleges unpaid tax debts and opens the door to compulsory liquidation if granted by the High Court. A notice in the London Gazette…

The Lounge in Tenby closes as firm enters liquidation

The Lounge, based in Tenby, ceased trading after owners said it could no longer continue because of outstanding liabilities. The business, which operated as The Lounge (Tenby) Limited from St Georges Street, entered creditors’ voluntary liquidation on October 31, 2025 following a general meeting of shareholders. A special resolution passed at the meeting stated: “It…