Insolvency Guardian Media Centre
The founder of a manufacturer of adult and electric scooters has spoken of his pain after the business went into liquidation.
Jason Iftakhar founded Swifty Scooters in 2010 with his wife Camilla to design and manufacture adult scooters and transformed it into a global brand.
The husband-and-wife team both graduated from The Royal College of Art in 2005 and originally joined forces to launch Jamily Design Studios in 2008.
Manchester-based Swifty Scooters followed three years later and was best known for producing the world’s first premium folding kick scooter SwiftyONE.
The couple were inspired by the success of their early prototypes, which they used to get around London, and their products quickly appealed to commuters.
CEO Jason…
Read the original article here
Applications are now being accepted for the Results Broadcasting Education Debt Assistance Grant to help broadcasters pay off their student loans. This $3,000 grant is available to individuals currently employed in Wisconsin broadcasting or related media.
Applicants must meet the following criteria:
- Must be currently employed at a Wisconsin broadcast radio, television or related media company
- Must have completed a minimum of one year employment with a Wisconsin broadcast radio station, television station, or related media company
- Company must be a dues paying member of the Wisconsin Broadcasters Association
- Must submit a letter of support from the current employer signed by the local manager
- Must provide…
Read the original article here
Date published:
The High Court has made a Disqualification Order against the director of a company involved in repair and maintenance of aircraft and spacecraft.
The High Court has made a disqualification Order against the director of a company involved in repair and maintenance of aircraft and spacecraft.
The Order was made for nine years against Neil Michael Barrie (46) of Sandhill Parade, Belfast, in respect of his conduct as director of Turtle Aerospace Ltd (“the Company”).
The Company was involved in repair and maintenance of aircraft and spacecraft with a registered office at Sandhill Parade, Belfast….
Read the original article here
Although the industry is known for firms going under, the wider picture shows the problem is less severe, writes Barrett Harris.
When examining the insolvency rate, which measures insolvencies relative to the total number of companies, construction ranks third with an insolvency rate of 1.3%, behind accommodation (2.6%) and manufacturing (1.7%). This suggests that, proportionally, insolvencies in construction are not as severe as initially perceived.
While insolvency statistics provide valuable insights, they only represent about 10% of the businesses leaving the industry. The Office for National Statistics (ONS) tracks business ‘deaths’, which encompass all types of dissolutions, including…
Read the original article here
Report summary
Today, 54 countries are in debt crisis, with devastating impacts on people’s lives and livelihoods.
This paper identifies the structural causes of reoccurring debt crises and highlights their impacts on the world’s poorest communities.
It outlines why, following the historic success of the Jubilee 2000 debt campaign, the world once again faces an acute global debt crisis.
Finally, it charts a course for transformative change, recommending the following policies to advance a fair and functional debt system:
-
Introduce debt justice legislation that compels private creditors to offer timely and adequate debt relief to countries in crisis.
-
Reform the International Monetary Fund to centre human rights and development needs in…
Read the original article here
No Spend January
The holidays are now behind us, and we are about to enter a new month and a new year! Improving financial health, including paying down debt, continues to be a top new year’s resolution for many, so now is the perfect time to reset financial habits. One way to do that is by participating in the No Spend January challenge—a month-long commitment to pause all unnecessary spending and focus on financial goals. This challenge is not about deprivation but is meant to help people make mindful choices in order to build better financial habits.
Benefits of Participating
Making it through the No Spend January challenge is sure to give you a feeling of pride in your accomplishment! There are also many practical…
Read the original article here
Booktopia (ASX: BKG) has entered voluntary administration pending an “urgent assessment” of options for sale or recapitalisation.
Insolvency firm McGrathNicol has been appointed and shares in the cash-strapped company will be suspended from trading during the administration process.
All Booktopia subsidiaries including online bookseller, publisher and printer Angus and Robertson have been included in the collapse.
Last-ditch effort
Today’s news follows a last-ditch effort in June to secure working capital for Booktopia, which debuted on the Australian Securities Exchange in 2020 with a market capitalisation of $315.8 million.
The bookseller has been struggling to keep its head above water ever since, announcing initiatives in…
Read the original article here
Greenleaf Fresh Ltd, from Hamilton, New Zealand, has entered voluntary administration. Greenleaf Fresh is behind Greengrower, a vertical farm in Hamilton. This decision follows recent financial challenges impacting the company’s operations, shares tax and advisory firm Grant Thornton, whose employees Adele Hicks and David Ruscoe were appointed administrators by resolution of the company’s directors on Dec 31.
“The administration process aims to protect the interests of employees and creditors while working towards a future for the business. Updates will be provided as necessary throughout this period”, the message reads.
…
Read the original article here
…
Read the original article here
Dec 29, 2024 02:01 PM IST
Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.
![](<iframe src="https://images.hindustantimes.com/pf/pf-loan-mobile.html" width="100%" height="140px" frameborder="0" scrolling="no"></iframe>)
Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.
The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec. 19, the government gazette showed. The younger Lims were both directors at the company.
Leow Quek Shiong and Seah Roh Lin of BDO Advisory Pte. Ltd. are the trustees,…
Read the original article here
Dem-run city may go bankrupt thanks to public sector pension scheme MSN
Read the original article here