Photo: 123RF Insolvencies rise in fourth quarter, annual rate highest in 10 years Failures reflect companies weakened some time ago Signs of economic improvement too late for some companies Construction biggest insolvency group, broad hospitality second The number of companies going broke has surged to its highest level in 10 years as past economic and…
Family-run UK ice cream company crashes into liquidation after 125 years MSN Read the original article here
KwaZulu-Natal Premier Thamsanqa Ntuli has announced plans to save the financially struggling Tongaat Hulett Sugar from liquidation. Last week, the 134-year-old sugar giant announced that it had filed for liquidation after business rescue plans failed. Speaking to the media during the Cabinet Lekgotla in Durban on Thursday, Ntuli said the company’s matter was on the…
A Glasgow-based road haulage firm, Specialist Haulage Hire, has entered compulsory liquidation following a petition from HM Revenue and Customs (HMRC). The legal action, presented to Glasgow Sheriff Court by the Advocate General for Scotland, resulted in the Sandyford Place company being wound up due to insolvency. Julie Tait of Grant Thornton UK has been…
A pair of former key figures at THG are set to appear on Dragons’ Den tonight. Brothers Sean and Alex Brassill will be pitching Jnck Bakery, which stocked its healthy cookies in more than 500 Tesco stores and was part of the supermarket’s accelerator programme, to the regular Dragons and guest judge Tinie Tempah. However…
The Ssense founders have finalized the deal to buy the business out of bankruptcy and restructure its operations, winning out over a group of lenders who had been lobbying for a liquidation. In mid-January, a Canadian court notified Ernst & Young, the business’s monitor, that the bid submitted by the founders, brothers Rami Atallah, Bassel…
The Ssense founders have finalized the deal to buy the business out of bankruptcy and restructure its operations, winning out over a group of lenders who had been lobbying for a liquidation. In mid-January, a Canadian court notified Ernst & Young, the business’s monitor, that the bid submitted by the founders, brothers Rami Atallah, Bassel…
Keppel Ltd. Completes Voluntary Liquidation of Subsidiary Key Highlights Keppel Ltd. has completed the member’s voluntary liquidation of its wholly-owned subsidiary, Third Dragon Holdings Pte Ltd. The liquidation process was first announced on 23 May 2025 and has now been finalized as of 19 February 2026. This development is part of Keppel Ltd.’s ongoing efforts…
Logo of Saudi Steel Pipe Co. Saudi Steel Pipe Co.’s board, in a meeting held today, Feb. 19, approved the start of the voluntary liquidation procedures wholly-owned subsidiary, Titanium & Steel Manufacturing Co. Ltd., with SAR 32 million capital. The board also nodded to the appointment of a liquidator, pursuant to the Companies Law and its…
NZ insolvencies hit 15-year high Insurance Business Read the original article here