Collapsed firm behind popular Isle of Wight hotel owes over £1 million

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Solent View Hotels LTD (SVH), which runs the George Hotel, Yarmouth initiated insolvency proceedings last week, as previously reported by the County Press. A staff member said the hotel remains open for business. SVH’s director is Howard Spooner who was also in charge of Quay Street Ltd (QS), the company previously running the hotel, before it went bust in April 2023. Read more:  At…

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Access Denied You don’t have permission to access “http://www.spglobal.com/market-intelligence/en/news-insights/articles/2024/8/us-corporate-bankruptcies-in-april-reach-highest-monthly-level-in-a-year-81518100” on this server. Reference #18.43052017.1741014650.11760751 https://errors.edgesuite.net/18.43052017.1741014650.11760751 Read the original article here

Construction boss gambles away £700,000 in company cash

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A Nottinghamshire construction boss has been jailed after fraudulently removing more than £700,000 from four struggling companies to fund his gambling addiction. Wesley Grainger-Smith, 66, was sentenced to two years and four months in prison at Lincoln Crown Court after pleading guilty to five counts of fraudulently removing company property. Between 2014 and 2017, Grainger-Smith…

Sydney-based builder of Griffith affordable housing project goes into administration, local contractors owed payments

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Greenwich Build has gone into voluntary administration, leaving the Wakaden Street project stalled. Photo: Oliver Jacques. The Sydney-based builder of an affordable housing development on Griffith’s Wakaden Street has gone into administration, leaving some local contractors unpaid for work already done. Not-for-Profit Argyle Housing was donated land by Griffith City Council to construct four two-storey,…