A UK-based airline has abruptly ceased operations, cancelling all scheduled flights and entering liquidation after what insiders describe as ‘unsustainable fuel and operating costs’, leaving staff jobless and raising fresh concerns over the stability of the aviation sector with the ongoing fuel shortages due to the Iran war. The carrier, identified as Ascend Airways, halted…
Administrators have been appointed to a UK financial firm, an official notice has revealed. LCM Family Limited went into administration on April 28 after agreeing to a voluntary requirement with the Financial Conduct Authority (FCA). Louise Longley and Gary Shankland of BTG Begbies Traynor (Central) LLP were appointed as joint administrators of the firm, and…
The UK meat supplier company is facing a winding-up petition and has entered liquidation with an outstanding charge after being in business for a decade, it has been revealed 04:26, 04 May 2026Updated 04:26, 04 May 2026 The meat supplier has plunged into liquidation(Image: Getty Images) A UK meat supplier has plunged into liquidation after…
Image credit: Australian Made Australian mattress manufacturer A.H. Beard has entered voluntary administration, according to a statement from the company, drawing concern across Australia’s manufacturing sector as industry stakeholders point to broader manufacturing cost pressures and import competition affecting local production. In a media release, Australian Made Campaign Limited said the development is a significant…
The parent company of equity crowdfunding platform VentureCrowd has plunged into administration, with an initial meeting of creditors hearing claims of $7.3 million in outstanding debts. But cofounder and CEO Steve Maarbani has called the process a corporate debt restructure, with VentureCrowd’s operating subsidiaries and managed funds unaffected by the process. Launched in 2013, the Sydney-based…
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Soon-to-be AFL games record holder Scott Pendlebury is among the sporting stars caught up in the collapse of a $75 million fund linked to a struggling A-League club. The Sayers Road Investment Co, which oversees the Sayers Road Trust, was placed into liquidation earlier this month according to The Age. Watch every match of every…
Centurion Plumbing Services (Scotland) Ltd had bases in Muir of Ord and Elgin. The liquidator said its focus would be on redundancy assistance. The news comes as new quarterly figures showed corporate insolvencies in Scotland increased 27% to 375. Emma Widdowson, chair of trade association R3 in Scotland and legal director at Addleshaw Goddard, said…
Standalone net loss for the quarter stood at ₹-3.04 Lakhs, with income plummeting by 99.13% year-over-year. Latest Financial Results and Auditor’s Concerns Rajeswari Infrastructure Ltd has reported significant financial challenges for the quarter ended June 30, 2024, and the fiscal year ended March 31, 2024. For the first quarter of FY25, standalone income was a…
Rajeswari Infrastructure Limited has reported a standalone net loss of ₹0.03 crore (₹3.02 lakhs) for the first quarter of fiscal year 2025 (Q1 FY25). The company posted negligible total standalone revenue of ₹0.03 lakhs during the same period. This marks a significant 40% year-on-year decline in revenue, which stood at ₹0.05 lakhs in Q1 FY24.…