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HighlightsJaiprakash Associate Limited's Committee of Creditors approved a 90-day extension of the Corporate Insolvency Resolution Process, after receiving 92.69% of
ScotPac has released the latest version of its SME Growth Index report, indicating that thousands of Australian SMEs were facing a ‘survival test’ as rising costs and ATO collections accelerate insolvencies.
The report, an established pulse check of SME confidence and growth prospects, found 25 per cent of Australian SMEs said they could be tipped into insolvency risk if they suddenly lost just one key client or supplier.
ScotPac said this came off the back of a year of surging business insolvencies driven by the two main factors of escalated cost pressures and increased collection by the Tax Office.
ScotPac CEO Jon Sutton said despite the current economic indicators raising concern, businesses that sought professional…
The materials supply and muck away specialist operates from a main yard near Heathrow Airport servicing sites across London and the South East.
The company has an extensive fleet of tippers, grab lorries and artics and has been in business since 2016.
Latest accounts for Ashville show the company employed 49 staff in the year to March 31 2024.
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.
Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.The Enquirer has linked-up with Red Flag Alert to offer readers a…
Jaiprakash Associate Limited’s Committee of Creditors approved a 90-day extension of the Corporate Insolvency Resolution Process, after receiving 92.69% of e-votes in favor.
The National Company Law Appellate Tribunal upheld the National Company Law Tribunal’s decision to admit Jaiprakash Associate Limited to Corporate Insolvency Resolution Process in June 2023.
A County Derry linen mill has entered liquidation after its owners failed to find a buyer.
The employees of the well established firm William Clark & Sons in Upperlands were said to receive the sad news just before Christmas.
According to The Gazette Official Public Record, a meeting of creditors took place on November 29 2024. Following on from this meeting resolutions for winding up, appointment of liquidators and notice of creditors began on December 13 2024.
The company has been at the heart of the community for 300 years. They used their textile experience to produce exceptional, traditional fabric and to develop exciting new innovations.
The textile company employed 300 people at the height of its…
Slashing the Hecs debts of millions of university students will be a major boost for young Australians, the education minister says, as the federal government seeks a reset by targeting younger voters.
The government has indicated it will take 20% off students debts, which would apply to $16bn worth of loans, if Labor wins the next election.
It means students with the average Hecs debt of $27,600 would have more than $5,500 taken off their loans, helping an estimated 3 million people.
The education minister, Jason Clare, said the changes would provide much-needed support to students.
“A lot of young Australians are doing it tough at the moment. They’re just starting out, they’ve just finished their uni degree … this will cut the…
A County Derry linen mill has entered liquidation after its owners failed to find a buyer.
The employees of the well established firm William Clark & Sons in Upperlands were said to receive the sad news just before Christmas.
According to The Gazette Official Public Record, a meeting of creditors took place on November 29 2024. Following on from this meeting resolutions for winding up, appointment of liquidators and notice of creditors began on December 13 2024.
The company has been at the heart of the community for 300 years. They used their textile experience to produce exceptional, traditional fabric and to develop exciting new innovations.
The textile company employed 300 people at the height of its…
Over 4.4 million council tax bills have gone unpaid, piling up a staggering £4.4 billion in debt – and forcing over one million people into the hands of bailiffs, according to a survey
Property specialist Sell House Fast found that 1.8 million cases of unpaid council tax in England and Wales were referred to court in 2022/23, rising to 2.1 million in 2023/24, a 14% increase.
Liverpool City Council has the largest amount of unpaid council tax, with £362m owed.
Birmingham City Council has the second most unpaid council tax but the dubious honour of having some of the largest single accounts owing council tax.
After declaring bankruptcy in September 2023, Birmingham City Council has £194 million owed across all accounts in council tax…
