Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Planet Ark Environmental Foundation, a leading Australian environmental not-for-profit, has entered voluntary administration following a review of its financial position
Ricky Harrison fraudulently obtained four Covid Bounce Back Loans, including three for dormant companies
Money from the loans was used by Harrison for his own personal benefit and he attempted to avoid having to make any repayments by applying to have all four of his companies struck-off the Companies House register
Harrison has been sentenced to more than three years in prison following Insolvency Service investigations into his conduct
A director who secured maximum-value Covid loans for three dormant companies and overstated his turnover to secure a fourth during the pandemic has been jailed.
Ricky Harrison received a total of £200,000 in Bounce Back Loans during 2020, when he was entitled to…
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he government has pledged to assist the more than 10,000 workers of textile giant PT Sri Rejeki Isman (Sritex) who are without a job after the company ceased operations on Saturday.
The layoffs were conducted in phases after Sritex declared bankruptcy in October of last year. Friday of last week was the final day of the last group of workers.
A note to the statement says the creditor figures are taken from company records and some of the amounts are disputed and some are likely to be amended.
The business had ceased trading prior to its liquidation.
Lisa Lappin, from Baker Tilly Mooney Moore, was appointed to liquidate the business.
“Karri Kitchen Ltd entered creditors voluntary liquidation on 16 April 2025,” she said.
“Karri Kitchen Ltd was a fantastic local brand that produced excellent products and had a loyal customer base.
“Its loss as a unique aspect to the local economy will be mourned, but the company was simply unable to meet rising production costs and broader economic pressures.”
Alliance Party assembly member for Upper Bann Eoin Tennyson said the closure would be a…
Products from the healthy ready meal company Karri Kitchen have disappeared from shelves across Northern Ireland as the business has entered liquidation.
The firm, which was based in Craigavon, County Armagh, had expanded rapidly over the past few years securing deals with Tesco, Lidl, Asda and Spar to become one of NI’s biggest ready meal businesses.
Karri Kitchen specialised in healthy Asian-style meals such as Mongolian beef noodles, firecracker chicken and mango chicken curry.
The liquidator said the business was “unable to meet rising production costs”.
The business was started in 2019 by Shera McAloran with a mantra to “bring healthy…
COLUMBIA — Columbia Public Schools is reaching out to the community about a program that aims to help reduce the $124,000 in student lunch debt that families have accumulated this year.
The program is called the Columbia Public Schools Lunch for Learners program, and it was established by the district in 2010. The program aims to lower student lunch debt by providing community members a way to donate money to the families in debt.
However, the program has been largely forgotten about.
“We don’t see donations very often,” CPS Director of Nutrition Laina Fullum said. “We usually see some towards the end of…
Administrators for Reacon Australia and MMW 3Degrees have shared an update on the first creditor’s meeting held this week and the likely release date for the upcoming creditors report.
Administrator Andrew Blundell, from Cathro & Partners said there were no major outcomes from the first creditor’s meeting held on Tuesday this week and everything remains “business as usual”.
“In relation to the creditor’s meeting, no committee of inspection was formed and there was no replacement of administrator,” Blundell said.
The Federal Court injunction that attempted to wind-up Reacon Australia on Friday 11 April has been adjourned to Friday 9 May allowing more time for the business to be…
Planet Ark Environmental Foundation, a leading Australian environmental not-for-profit, has entered voluntary administration following a review of its financial position and future viability. The move opens the door for restructuring to secure the future of the organisation’s sustainability mission.
The organisation’s Board made the decision in light of ongoing funding challenges, compounded by the economic fallout from the COVID-19 pandemic and reduced stakeholder support. Voluntary administrators Michael Jones and Bruce Gleeson of Jones Partners Insolvency & Restructuring have been appointed to oversee the process.
In a statement, the Board said the move allows for “an independent assessment of the organisation’s affairs and…
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