The company behind an iconic UK music festival that has hosted leading acts for more than 20 years has collapsed into liquidation. Solfest, an independent music and arts festival, made its debut near Silloth, Cumbria, in 2004. It has hosted a number of top music acts, including The Charlatans, James, The Fratellis, The Coral, Supergrass,…
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The company behind an independent festival has announced it is going into liquidation. Solfest has taken place at North Lakes Country Park, near Silloth in Cumbria, for more than 20 years and has hosted the like of The Proclaimers and Basement Jaxx. The cost of living crisis, extreme weather and historical debts were all given…
The popular pub reopened in July 2021 after the building was transformed following a £161,000 revamp by the owner of the building, but now it’s gone into liquidation The pub industry is struggling across the country (Image: Getty) A pub management company has been plunged into liquidation despite a £161,000 renovation by the owner of…
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However, the survey cautioned that prolonged insolvency timelines erode asset value, disrupt operations and weaken stakeholder confidence. It noted that the Pre-Packaged Insolvency Resolution Process has seen only 14 admissions since its introduction in 2021, reflecting procedural complexity, lack of awareness, trust deficits in debtor-led processes and funding constraints for MSMEs. Looking ahead, the Economic…
The government needs to enhance the effectiveness of the insolvency framework, simplify tax structures for bonds, and ensure greater coordination between agencies to boost investor confidence in corporate debt, the Economic Survey for 2025-26 said on Thursday. The regulators have taken several measures over the years to deepen the corporate bond market, but coordinated and…
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