A $115,000 loss was forecast in the initial report.

The company has $127,000 in liabilities offset by only $11,000 in assets, which include cash of $777, fixed assets of $5000 and motor vehicles, the value of which is yet to be quantified.

Unsecured creditors are listed as being owed $100,000 and Inland Revenue $27,000.

Shareholders in the business are Toni Davies, Moet Investments, Aartisha Kumar, Steve Langton, Adonis Corre, Mihir Kakars, Ijemoa Ezumba, Beatrix Reisinger, Manish Goel, Aamir Gidwani, Micheal Mesane, Richard Crofts, Kayley Hastie-Hunt and Maxim Kaluzhny, the Waterstone report said.

The sole director is…

Bruno Mars has addressed the apparent $50 million debt he’s in on his social media.

Mars, who is best known for songs like ‘Locked Out of Heaven’ and ‘The Lazy Song’, has continued his success of late and released a series of hit singles.

One of his biggest recent songs is ‘Die With A Smile’ with Lady Gaga, which has hit the number one spot on the Billboard Hot 100.

He is also featured on Blackpink’s Rose track ‘APT, ‘ which has been in the country’s top ten songs for some time now.

Bruno Mars has released a series of hit songs over his music career (Kevin Mazur/Getty Images for SelvaRey)

Most recently, Mars – whose real name is Peter Gene Hernandez – has released his NSFW song ‘Fat Juicy & Wet’ with Sexyy Red, and it’s safe to say that…

Bruno Mars has jokingly addressed the rumour that he has a $50 million (£40 million) gambling debt.

It was reported early last year that the Locked Out of Heaven star had racked up over $50 million in gambling debt at the Park MGM Las Vegas, where he has a long-running residency.

On Tuesday, Bruno joked about the rumour to celebrate the fact that he was the first artist to reach 150 million monthly listeners in Spotify history.

Sharing the announcement on his Instagram Stories, he joked, “KEEP STREAMING! I’ll be out of debt in no time,” adding a dancing emoji.

The Uptown Funk hitmaker previously alluded to the rumours last year when he reposted a TikTok video of someone dancing to his Lady Gaga collaboration Die With a Smile alongside the…

Bruno Mars has addressed the famous $50 million gambling debt rumour in new statement.

The Grammy-winning artist, 39, shared an announcement on Instagram Stories about his big milestone on the streaming service platform, Spotify.

Bruno joked about a past rumor that he has a $50 million gambling debt with MGM Resorts

The Honolulu hitmaker penned, “KEEP STREAMING, I’ll be out of debt in no time.”

The shared post revealed that he became the first-ever artist to garner a monthly total of at least 150 million listeners.

In March 14, 2024, News Nation article titled “Bruno Mars needs to lay off the slots: Source” unveiled his…

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MORE than 400 residents attended a debt advice service over a three-month period.

The South Area Council – which covers Darfield, Hoyland Milton, Rockingham and Wombwell wards – commissioned Citizens’ Advice Barnsley to host drop-in sessions for those in need.

Hoyland Library, Darfield Community Centre and Wombwell Library are all used to provide free advice, four times a week, as part of the contract.

A report said: “A total of 404 clients have been helped, which accounts for £25,227 of debt.

“During this quarter, volunteers have assisted clients by dealing with email contacts as well as running reception and managing clients.

“We have also assisted clients with the issues that they faced both dealing with…

One of Britain’s biggest luxury boat manufacturers has collapsed into administration less than two months after it was sold to new investors.

Sky News has learnt that Fairline Yachts, which is based in Oundle, Northamptonshire, had fallen into insolvency proceedings after DF Capital, the company’s main lender, triggered the appointment of Alvarez & Marsal (A&M) as administrators.

One staff member said they had been briefed on the news by A&M on Monday morning.

Fairline Yachts is understood to employ about 250 people, with no redundancies being triggered by the insolvency.

Money latest: Cost of European holidays surge

The collapse of Fairline Yachts is surprising because the company was only sold early last month by Hanover…

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Meanwhile, the BCCI argued that their application under Section 12A of the Insolvency and Bankruptcy Code (IBC) for withdrawal of the proceedings, must be heard first.

It contended that if the application for withdrawal were to be allowed, the other pleas filed by the creditors would not stand. In other words, the BCCI has contended that if the settlement between it and the former management of Byju’s is accepted, the order admitting the company to insolvency would go.

BCCI’s counsel, Senior Advocate CK Nandakumar further told the tribunal that the application for withdrawal will be filed shortly.

Senior Advocate KG Raghavan, appearing for Riju Raveendran (brother of Byju Raveendran), added that the Supreme Court’s direction was for the…