Irish corporate insolvencies fell 14 per cent in the first quarter of this year to a total of 192 liquidations, receiverships, examinerships and small company administrative rescue processes (Scarps), continuing a drop-off seen in the latter part of 2024, according to PwC.

For last year as a whole insolvencies rose 16 per cent to 852, marking the highest figure in six years.

The recent downward trend “highlights that the Irish economy and many Irish businesses continue to demonstrate resilience despite geopolitical challenges”, the Big Four accountancy firm said.

While the insolvency rate has doubled to a current annualised figure of 29 per 10,000 businesses, it remains below the 20-year average of 50 – and far below a peak of 109…

Byju Raveendran, the founder of Byju’s, took to X on  Sunday and showed optimism about rebuilding his business “brick by brick” and has promised to rehire former employees once the company relaunches.

“Once we relaunch our company – which I believe will happen sooner than expected – we will rehire exclusively from our incredible pool of former BYJUites. My hyper-optimism may seem crazy to some. But let’s not forget that you have to be odd to be number one,” Raveendran had earlier…

Franks said if nobody purchased Olivado’s operating assets then no one would process much of the fruit which did not reach export or retail quality. He said the price paid for the business was confidential.

In January, Seeka joined court proceedings against Olivado.

Franks today said aspects of the case had been “disappointing” but any ongoing legal action was strictly a matter for liquidators.

He said he was happy Olivado staff would keep their jobs.

At the time of liquidation, Olivado was still trading, still operating as an avocado and olive oil processor and supplier, and employed seven people.

“To be fair to them, they’ve been dedicated, because they’ve stayed with the business through this…

Franks said if nobody purchased Olivado’s operating assets then no one would process much of the fruit which did not reach export or retail quality. He said the price paid for the business was confidential.

In January, Seeka joined court proceedings against Olivado.

Franks today said aspects of the case had been “disappointing” but any ongoing legal action was strictly a matter for liquidators.

He said he was happy Olivado staff would keep their jobs.

At the time of liquidation, Olivado was still trading, still operating as an avocado and olive oil processor and supplier, and employed seven people.

“To be fair to them, they’ve been dedicated, because they’ve stayed with the business through this…

Candy Kemp, 42, went bankrupt at 25. At the time, she was a single mum with three kids, and she found herself left with nothing after a business venture fell apart.

Ms Kemp has always been someone prepared to put in vast amounts of work to provide for her family.

She started a dumpling business, and a health food chain she opened with her friend and business partner.

The single mum doggedly tried to find work that allowed her to spend time with her children and not have to put them into daycare full-time.

She poured everything into her company, but it all went wrong.

In reflection, she can see…

Hudson’s Bay, Canada’s oldest company, started its liquidation this week.

“The Bay building is almost 100 years old, it’s Class A heritage, and I think it’s an incredibly important building to the downtown,” said Vancouver Coun. Mike Klassen.

While the Bay initially filed for creditor protection with the intention of restructuring, the majority of its stores are now shutting down and have begun clearing their inventories.

Liquidation is expected to wrap up by June 15, with the company vacating the stores by June 30. Only six stores have been spared so far — three in Ontario and three in Quebec.

23andMe, which provides medical and ancestry-related genetic testing, has filed for bankruptcy after it was unable to find a buyer to rescue it from insolvency proceedings and the board of directors rejected a buyout offer from co-founder Anne Wojcicki.

Despite collecting DNA from saliva samples from more than 15 million customers, the company hasn’t been profitable since going public in 2021. That personal information can now be sold as part of a court-supervised auction, 23andMe said in a filing.

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The staggering cost of England’s special educational needs and disability (Send) crisis shows no sign of easing. A Guardian investigation has revealed councils will overspend on Send services by nearly £2bn over the next year, pushing their accumulated deficits to at least £5.2bn by 31 March 2026.

The date is crucial because that is when the £5.2bn debt, hidden away off local authority books using an accounting fix for seven years, is due to come back on to the balance sheets, threatening to instantly bankrupt scores of town halls.

The government faces a massive headache: not just what to do about the rapidly increasing billions of historic Send debt, but how to keep a lid on future Send spending, which shows no sign of abating….