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Nathan and Felicity Cowan announced on social media that Billson’s would continue. Photo: Facebook. Beechworth’s iconic drinks brand Billson’s Beverages
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Blue Cycle, a groundbreaking plastic recycling company based in Heerenveen, Netherlands, has declared bankruptcy. Established in late 2022, the company made headlines as the first in the nation to convert plastic waste into oil, offering an innovative solution to the growing plastic waste crisis. However, despite its technological success, Blue Cycle succumbed to mounting financial challenges, halting operations less than two years after its inception.
The plant began operations in 2023 under the leadership of founder Nico Vos, aiming to redefine recycling by transforming non-recyclable plastic waste into reusable oil. The facility showcased the viability of its cutting-edge process,…
The debt-to-capital ratio is a financial leverage ratio, similar to the debt-to-equity (D/E) ratio. It compares a company’s total debt to its total capital, which is composed of debt financing and equity. The ratio is used as a baseline for a company’s financial standing and is something investors use when determining the risk of a particular investment.
Key Takeaways
The debt-to-capital ratio is a financial leverage ratio, similar to the debt-to-equity ratio.
This metric indicates a company’s overall financial soundness while revealing the proportionate levels of debt and equity financing.
Increasing profitability, better management of inventory, and restructuring debt can help lower a company’s debt-to-capital ratio.
The National Company Law Appellate Tribunal (NCLAT) has set aside the penalty imposed against lenders of debt-ridden Mudra Denim, saying there was no laxity on their part for delay in insolvency process.
The Mumbai bench of the National Company Law Tribunal had, on November 11 last year, while deciding creditors’ plea seeking extension of deadline to complete the insolvency process, imposed a cost of Rs 55,000 on the Committee of Creditors (COC).
This was challenged before NCLAT by COC through IDBI Bank, contending that there was not any laxity on the part of COC which decided to take Mudra Denim for liquidation on December 13, 2023, prior to the expiry of the CIRP (Corporate Insolvency Resolution Process) period.
Nathan and Felicity Cowan announced on social media that Billson’s would continue. Photo: Facebook.
Beechworth’s iconic drinks brand Billson’s Beverages Pty Ltd looks set to avoid liquidation after creditors voted to keep the battling brewery alive.
“After an uncertain year, we are thrilled to share that we have made significant progress in securing the future of Billson’s and our historic brewery in Beechworth,” declared the husband-and-wife team behind the popular premix drinks brand in a social media post.
Nathan and Felicity Cowan were forced to put the company into administration in July citing “incomprehensible” challenges and “mistakes made along the way”.
A report published last week by creditors McGrath…
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The National Company Law Appellate Tribunal (NCLAT) has set aside a penalty imposed on lenders of Mudra Denim for delays in the insolvency process, stating there was no laxity on their part. The NCLAT bench found that sufficient reasons existed for the delayed application and deemed the lenders…
New Delhi, Jan 26 (PTI) The National Company Law Appellate Tribunal (NCLAT) has set aside the penalty imposed against lenders of debt-ridden Mudra Denim, saying there was no laxity on their part for delay in insolvency process.
The Mumbai bench of the National Company Law Tribunal had, on November 11 last year, while deciding creditors’ plea seeking extension of deadline to complete the insolvency process, imposed a cost of Rs 55,000 on the…
Now, MdI director-general Datuk M Bakri Abd Majid revealed that among those who are insolvent are around 50 Malaysian celebrities, including a famous singer with a ‘Datuk’ title.
Around 50 Malaysian celebrities have been declared bankrupt, including a Datuk
M Bakri Abd Majid
Bakri was quoted by Berita Harian as saying that some of these bankrupt ‘rich celebrities’ are refusing to cooperate with his department in paying the monthly amount set by the department for their…
Energy markets are highly regulated, so as an energy supplier we get charged certain costs for every single customer we have; even if they don’t use any energy. These costs are passed on to customers via standing charges.
Costs have increased to cover expanding environmental and social schemes like Warm Home Discount – which will be available to more people this year, so costing more overall – and the ECO scheme. Plus, other things, like the administrative cost of taking over the customers of suppliers who’ve gone out of business, and some distribution costs moving from unit price to standing charge.
