Triangle Energy Appoints Voluntary Administrator as Operator Faces Decommissioning Obligations

Triangle Energy (Global) Limited (ASX:TEG), an oil and gas exploration and production company operating in Western Australia’s Perth Basin, has announced the appointment of a voluntary administrator to itself and three wholly owned subsidiaries. The decision follows the appointment of administrators to Pilot Energy Ltd and Triangle Energy (Operations) Pty Ltd, the operator of the…

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Guildford investment manager enters voluntary liquidation

Guildford alternative investment manager Prosper Capital LLP (FRN: 453007) went into creditors’ voluntary liquidation on 1 June. Jeremy Karr and Simon Killick of BTG Begbies Traynor were appointed as joint liquidators. The firm acted after The Financial Ombudsman Service upheld complaints about property investments made through Crowd2Let (FRN: 743371), which was an appointed representative of…

UK games retailer Game entered administration owing £16m, thanks to fierce competition, consumer trends, and “uncertainty associated with Brexit”

Insight into the fall of British high street video game retailer Game going into administration has been brought to light in a new report. After years of business troubles and challenges, this write-up claims the company’s liquidation was caused by changing consumer behaviour, fierce competition, and “uncertainty associated with Brexit”. KR8 Advisory’s report, penned by…

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