Pronto Joinery Ltd, in Horsford just outside Norwich, has ceased trading due to rising costs and reduced profit margins.

The company employed 31 people and the decision to liquidate the business was also influenced by its owners’ desire to retire.

Pronto Joinery in Dog Lane, Horsford, has entered liquidation after 50 years in business (Image: Google Maps) Pronto Joinery was run by Peter and Judith Scott and their two sons Adrian and Neil.

It had built a solid reputation over the last 50 years, providing wooden replacement windows and doors and a range of bespoke joinery and woodworking services.

BPI Asset Advisory has been appointed to oversee the sale of the businesses’ assets, which includes joinery…

Consumers appeared to be signed up for monthly payments without their consent.

• Concerns were raised that tech companies Affinity Technology Solutions Limited and RCSR Tech Limited were operating a direct debit scam 
• Monthly payments of around £30 were made without customers’ knowledge or permission, complainants said 
• Both companies have now been shut down in court following investigations by the Insolvency Service 

Two connected tech companies which claimed to protect people online and enhance their social media image have been shut down following concerns they were running a direct debit scam.  

Manchester-based companies Affinity Technology Solutions Limited and RCSR Tech Limited were both wound-up at the High Court in…

Consumers appeared to be signed up for monthly payments without their consent.

• Concerns were raised that tech companies Affinity Technology Solutions Limited and RCSR Tech Limited were operating a direct debit scam 
• Monthly payments of around £30 were made without customers’ knowledge or permission, complainants said 
• Both companies have now been shut down in court following investigations by the Insolvency Service 

Two connected tech companies which claimed to protect people online and enhance their social media image have been shut down following concerns they were running a direct debit scam.  

Manchester-based companies Affinity Technology Solutions Limited and RCSR Tech Limited were both wound-up at the High Court in…

A POPULAR annual Dorset festival has gone into liquidation and future events have been cancelled.

Wilkswood Reggae Festival, which last year hosted its seventh event at Wilkswood Farm in Langton Matravers, will not return for 2025.

Bosses blamed the “current financial position” of the company for the reason why it has been placed into voluntary liquidation.

A statement from the festival said: “It is with deep regret that we must announce that due to the current financial position of the company, we have made the difficult decision to place the company into creditors’ voluntary liquidation.

“As a result, the company is unable to proceed with either of the planned festivals, and we must serve formal notice of the cancellation of…

Wilkswood Reggae Festival, which last year hosted its seventh event at Wilkswood Farm in Langton Matravers, will not return for 2025. 

Bosses blamed the “current financial position” of the company for the reason why it has been placed into voluntary liquidation. 

A statement from the festival said: “It is with deep regret that we must announce that due to the current financial position of the company, we have made the difficult decision to place the company into creditors’ voluntary liquidation.  

“As a result, the company is unable to proceed with either of the planned festivals, and we must serve formal notice of the cancellation of both events.” 

The Wilkswood Reggae Festival started as a…

The idea that debt-funded money could be used to strengthen European defense was already prospered two weeks ago when this grand plan was introduced. What does today’s defense white paper add to that?

The funding points are one part of this white paper. Since an extraordinary General Affairs Council meeting was held two weeks ago, the financing issue was the most complicated topic there, and there was a sense that a prior discussion was needed to gauge the positions of member states and see whether these ideas could take off. We have now gained that understanding, and this white paper includes what could be done with that money, what should be done as a priority, what can be done together, and what can be done with partners from outside…

National Company Law Tribunal, Chennai: In an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, a Division Bench of Sanjiv Jain (Judicial Member) and Venkataraman Subramaniam (Technical Member), admitted the Section 7 IBC application and initiated the insolvency proceeding against Corporate Debtor

Factual Matrix

The instant matter revolves around an application filed by Canara Bank-Financial Creditor against ARS Energy Pvt. Ltd.-Corporate Debtor seeking to initiate an insolvency proceeding against the Corporate Debtor. The Corporate Debtor, incorporated on 19-09-1990, had availed various financial…

As many as 600 homebuyers of RG Luxury Homes, who have been waiting to get possession of their housing units in Greater Noida West since the last six years, will soon receive delivery of their apartments as the Greater Noida Authority has handed over the occupancy certificate (OC) for three more towers to the builder, the real estate company said.

RG Luxury Homes is the first stalled project in Gautam Buddh Nagar district to have been granted the occupancy certificate by the local authority under the reverse insolvency process.

The real estate firm has received occupancy certificates for three more towers bringing the…

SINGAPORE – The High Court on March 20 dismissed a claim by motoring tycoon Peter Kwee that he is the true owner of five properties that are registered in the sole name of his daughter Karen.

In a written judgment, Justice Philip Jeyaretnam accepted that Mr Kwee funded the purchase of the properties and that the businessman bought properties in the names of his family members for business strategy and wealth planning purposes, including avoiding estate duty.

However, the judge found that Mr Kwee had intended to gift the five properties to his daughter, which made her both the legal and beneficial owner.

A legal owner holds the formal title to an asset; a beneficial owner ultimately benefits from the asset.

Of the five, two are landed…