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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.
A property developer and Cheltenham Gold Cup-winning horse owner, who the High Court heard has debts of about €56 million,
More than 650 workers face the prospect of redundancy after the scrap metals group Unimetals filed for compulsory liquidation.The owners
Unimetals files for liquidation amid investor collapse  letsrecycle.com Read the original article here
The company, which operates 27 sites across the UK, is expected to begin winding down as soon as Tuesday16:40, 24
EnviroTechDealsA Newcastle-based robotics firm says it is facing shutdown after a court order froze its bank accounts, leaving it unable
FAT Brands – parent company of Fazoli’s, Round Table Pizza, and Fatburger — may “seek to reorganize through a bankruptcy
Insolvency in F&B: Warning signs and strategic solutions  MNP.ca Read the original article here
Unimetals Recycling, which is headquartered in Stratford-upon-Avon and operates 28 sites nationwide, is expected to begin winding down imminently, with
By Dr Mohamed Z M Aazim, Adviser, Debt Management Unit, Commonwealth Secretariat. Today, global public debt is approaching an astonishing
By Dr Mohamed Z M Aazim, Adviser, Debt Management Unit, Commonwealth Secretariat. Today, global public debt is approaching an astonishing
TipRanks Black Friday SalePRS REIT Plc ( (GB:PRSR) ) has shared an update. The PRS REIT has announced that it
Notable Houston companies that went bankrupt in 2025  Houston Chronicle Read the original article here

A property developer and Cheltenham Gold Cup-winning horse owner, who the High Court heard has debts of about €56 million, has been adjudicated bankrupt by the High Court.

The bankruptcy petition against Conor Clarkson (60), of Cairnfort, Enniskerry Road, Stepaside, Co Dublin, was brought by Gradual Investment Ltd (Gil) over a debt of almost €587,000.

The overall indebtedness of Mr Clarkson, a father of three and owner of the 2005 Cheltenham Gold Cup winner, Kicking King, was estimated at about €56 million, according to court papers.

In its petition, Gil, of Carrick Brennan Road, Monkstown, said its debt arose from a 2023 High Court settlement agreement involving judgment entered for €565,000 in favour of Gil against Mr Clarkson…

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More than 650 workers face the prospect of redundancy after the scrap metals group Unimetals filed for compulsory liquidation.

The owners of Unimetals Recycling (UK) filed a winding-up petition for the business on Monday, after failing to find a buyer.

The scrap metals industry generates billions of pounds of revenue each year by recycling metals such as steel, aluminium and copper that can be made into new products. The switch to electric arc furnaces that melt down recycled steel has given added hope for the sector’s longer-term prospects.

Unimetals was founded in 2023 by Jamie Afnaim and Alec Sellem, two metals traders, according to UK company disclosures. On a social media profile Sellem described the group’s aim to buy up metals…

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Unimetals files for liquidation amid investor collapse  letsrecycle.com

Read the original article here

The company, which operates 27 sites across the UK, is expected to begin winding down as soon as Tuesday

Metals recycling firm Unimetals, which has three sites in Bristol, has filed for compulsory liquidation, putting around 650 jobs at risk across its nationwide operations.

The company, which operates 27 sites across the UK, is expected to begin winding down as soon as Tuesday (November 25) after efforts to find a buyer failed. Advisers from Alvarez & Marsal managed discussions with potential buyers, but were unable to secure a sale.

The firm has two sites in Avonmouth, at the Royal Edward Dock and in Ironchurch Road, off St…

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EnviroTechDeals

A Newcastle-based robotics firm says it is facing shutdown after a court order froze its bank accounts, leaving it unable to fund a legal appeal.

Dr Atif Syed, founder of Wootzano, has taken to LinkedIn to warn that the business is at risk of liquidation, not because demand has dried up, but because of what he calls a “procedural trap”.

He said Innovate UK Loans Limited, part of UK Research and Innovation (UKRI), petitioned the court to wind up the company, which led to an order that immediately froze the firm’s accounts.

Syed says that move has put the company in an impossible position under Scottish legal rules.

In his words, “in Scotland, a company cannot speak in court without a solicitor”, but with…

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FAT Brands – parent company of Fazoli’s, Round Table Pizza, and Fatburger — may “seek to reorganize through a bankruptcy proceeding” after receiving notices of acceleration on the company’s debt. According to a recent 8-K filing with the SEC, lender UMB Bank declared roughly $1.26 billion in securitized debt immediately due.

The company had previously received default notices after failing to make scheduled payments on Oct. 27 due to insufficient funds in its collection accounts. The filing states that FAT Brands and its financing subsidiaries “do not currently have amounts on hand” to pay the accelerated principal and interest. The company warned that the acceleration — or a potential foreclosure on the collateral —…

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Insolvency in F&B: Warning signs and strategic solutions  MNP.ca

Read the original article here

Unimetals Recycling, which is headquartered in Stratford-upon-Avon and operates 28 sites nationwide, is expected to begin winding down imminently, with liquidation proceedings set to commence as early as Tuesday.

It follows several notices of intention to appoint administrators by the firm in recent weeks, with advisers from Alvarez & Marsal managing discussions with possible buyers, but they were unable to secure a sale.

A spokesperson for Unimetals said: “We have worked tirelessly to explore every possible option to secure new financing for Unimetals Recycling, with the aim of meeting our financial obligations and safeguarding the future of the business.

“This included an accelerated mergers and acquisitions process, supported…

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By Dr Mohamed Z M Aazim, Adviser, Debt Management Unit, Commonwealth Secretariat.

Today, global public debt is approaching an astonishing $100 trillion. According to the International Monetary Fund (IMF), if current trends continue, by 2029 the total amount of public debt could exceed the size of the entire global economy—a level not seen since the aftermath of World War II.

This isn’t just a problem for a few nations. Major economies such as the United States of America, China, Japan, the United Kingdom, France, and Italy already have debt levels that match or surpass their annual economic output.

Debt isn’t just a problem for poor countries

In a recent blog post, Lagging Growth, Surging Debt: A…

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By Dr Mohamed Z M Aazim, Adviser, Debt Management Unit, Commonwealth Secretariat.

Today, global public debt is approaching an astonishing $100 trillion. According to the International Monetary Fund (IMF), if current trends continue, by 2029 the total amount of public debt could exceed the size of the entire global economy—a level not seen since the aftermath of World War II.

This isn’t just a problem for a few nations. Major economies such as the United States of America, China, Japan, the United Kingdom, France, and Italy already have debt levels that match or surpass their annual economic output.

Debt isn’t just a problem for poor countries

In a recent blog post, Lagging Growth, Surging Debt: A…

Read the original article here

TipRanks Black Friday Sale

PRS REIT Plc ( (GB:PRSR) ) has shared an update.

The PRS REIT has announced that it has received consent for a change of control within the Scottish Widows Facilities, satisfying a key condition for the proposed sale of The PRS REIT Holding Company Limited. The sale is now contingent only on shareholder approval at the upcoming General Meeting. If approved, the board intends to seek approval for the company’s voluntary liquidation to distribute net assets to shareholders.

The most recent analyst rating on (GB:PRSR) stock is a Hold with a £1.15 price target. To see the full list of analyst forecasts on PRS REIT Plc stock, see the GB:PRSR Stock Forecast page.

Spark’s Take on GB:PRSR Stock

According to…

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Notable Houston companies that went bankrupt in 2025  Houston Chronicle

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