Insolvency Guardian Media Centre
news, local-news, Kiely Plumbing, Howrah Plumbing, Hans Verdouw, Michael Kiely
Ulverstone-based firm Kiely Plumbing has bought the Burnie division of Howrah Plumbing for an undisclosed sum. Co-owner Michael Kiely said the expansion of the business, which was set up in 1967, meant great things ahead. Were keeping an office in Burnie and have 11 more staff on top of our 16 original staff. He said the ex-Howrah staff would stay in Burnie so the company would be able to serve Burnie and the surrounding areas a lot easier. While Kiely will be continuing with domestic and commercial maintenance, it would not be expanding into fire services or wastewater. Mr Kiely said four apprentices came with the purchase, which doubled the firms apprentices …
Read the full article at: https://www.theadvocate.com.au/story/5939859/kiely-plumbing-buys-howrah-burnie/
Top clients: Higgins Signs has an enviable client portfolio, including Tommy Guns
Queensland sign business Higgins Signs & Plastics is in voluntary administration, a week after the ATO issued a winding-up order against the company.
Established in 1989 by Robert Higgins and a small team of dedicated tradesmen, Higgins Signs has been producing premium quality signage for the past 27 years.
Higgins was reluctant to talk to Print21, but did say its all in hand. Administrators are Richard Albarran & Brent Kijurina of Hall Chadwick.
Higgins has a portfolio of top drawer clients including Kia, Land Rover, Westpac, Puma, Terry White Chemists, Tommy Gun Barbershop and Big Rooster.
…
Read the full article at: https://print21.com.au/higgins-in-administration-as-ato-comes-knocking/168270
With the ever growing problem of student gambling, Scott Davies – former footballer for Reading FC – visited our school on Friday the 1st of February to discuss how his gambling addiction affected his footballing career.
In a recent study by YouthSight, conducted on 1,000 people, 1 in 8 undergraduate students admitted to skipping lessons due to gambling. In addition to this, if this data is reflected across the UK, it could mean that there are 100,000 students with some form of gambling debt – clearly demonstrating the issue we, as students, have with gambling.
Scott said that he works quite closely with SkyBet This insures that teenagers cannot walk into a bookmakers and place a bet, as they should be checked straight away. H…
Read the full article at: https://www.yourlocalguardian.co.uk/youngreporter/17478545.student-gambling-by-khinley-trott-whitgift-school/
AT&T Inc is restructuring its WarnerMedia business, according to a memo sent to employees on Monday and seen by Reuters, as it girds for a streaming video battle with Netflix Inc and Walt Disney Co.
The restructuring comes ahead of an anticipated round of significant layoffs and cost cuts and right after the resignation of two high-profile executives – Richard Plepler, the head of HBO and David Levy, president of Turner Broadcasting.
AT&T, which cleared its last regulatory hurdle last week after winning an appeals court decision challenging its US$85 billion deal to buy Time Warner, aims to reinvest savings into its programming businesses. It will launch an early version of its HBO-led subscription video streaming s…
Read the full article at: https://www.itnews.com.au/news/att-restructures-warnermedia-to-gird-for-netflix-fight-memo-520121
Date: 2nd March, 2019
To,
The Members,
Committee of Creditors,
M/s. Southern Online Bio Technologies Limited,
Hyderabad.
Dear sir/Madam,
Sub: Notice of 6th Meeting of the Committee of Creditors of M/s. Southern Online Bio Technologies Limited.
With reference to the subject cited above, this is to inform you that the 6th Meeting of the Committee of Creditors of M/s. Southern Online Bio Technologies Limited will be held on Thursday, 7th March, 2019 at 5.00 P.M. at the office of Bank of India, Telangana zonal Office, PTI Building, 2nd Floor, A.. Guards, Besides Mahaveer Hospitals, Hyderabad-500004, Telangana, India to transact the following business:
1. To ascertain quorum for the meeting
2. To consider minutes of the 5th CoC Meeting
3. To discuss on…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/southern-online-bio-technologies-ltd-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article26438008.ece
(Reuters) – Debenhams warned on profit again on Tuesday, as the British department store group edged nearer to a restructuring that analysts expect will include a share issue and an acceleration of its store closure plans.
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson/File Photo
Shares in Debenhams, which has struggled to keep pace with consumers moving online and to cheaper rivals, fell as much as 12 percent after the retailer said it was no longer on track to hit previous profit guidance. The shares have lost more than 89 percent year-on-year.
The share price slump reflects a structural shift in British retail towards online shopping, subdued con…
Read the full article at: https://www.reuters.com/article/us-debenams-outlook/debenhams-warns-on-profit-again-as-restructuring-looms-idUSKCN1QM0UB
Up to 190MW of PV capacity is already in operation in the Prieska area (Credit: Orion Minerals)
Clean energy firm juwi could build a 35MW hybrid wind and solar facility to sustain a zinc-copper mine in South Africa under a deal with the owner.
The collaboration agreement signed with Orion Minerals will see juwi examine the feasibility of powering the Prieska mine, in South Africas Northern Cape province, through a co-located renewable facility.
According to juwi and Orion, the plant under consideration would stand 20 kilometres away from the mine itself. This, the firms explained, would make it possible to install a dedicated feed via an overhead power transmission line.
Errol Smart, managing director and CEO at Orion, linked the fir…
Read the full article at: https://www.pv-tech.org/news/juwi-to-explore-35mw-wind-plus-solar-project-for-south-african-mine
This is to inform you that the 12th Meeting of Committee of Creditors (CoC) was held on 04.03.2019.
In the meeting, The Chairperson apprised the members of the CoC that the Resolution Professional has filed an application before the Honble NCLT, Jaipur Bench, wherein vide order dated 28.02.2019 the Honble NCLT has allowed the application for seeking exclusion of the period of 113 days from calculating the period of 270 days of the Corporate Insolvency Resolution Process.
A Copy of said order is attached herewith.
Kindly take the above on your records.
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/mount-shivalik-industries-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article26437914.ece
EUGENE, Ore. — For people who owe money, debt consolidation is one pathway forward.
KEZI 9 News talked to Oregon Pacific Bank President and CEO Ron Green to learn more.
Are debt consolidation loans a good idea?
Green said debt consolidation is always a good option if youre looking to lower your interest rates or lower your monthly payments.
However, obtaining a debt consolidation l…
Read the full article at: https://www.kezi.com/content/news/Ask-The-Banker-Debt-consolidation-depends-on-income-506683571.html
Sub: Outcome of the 9th Meeting of Committee of Creditors of Uttam Value Steels Limited
Dear Sir,
This is in reference to the captioned subject.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 9th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on February 27, 2019 to discuss the agenda items stated in the notice of the meeting.
The e-voting on the resolutions put to vote at the 9th meeting of the CoC of the Company commenced on Friday, March 1, 2019, at 05:00 p.m. and concluded on Saturday, March 2, 2019 at 05:00 p.m.
You are requested to take the same on record.
Pdf Link:
Uttam Value Steels Ltd. -…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/uttam-value-steels-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article26436257.ece
The liquidator for collapsed app-development business Appster is rallying creditors to pursue legal action against founders Mark McDonald and Josiah Humphrey, alleging they traded while insolvent.
Releasing an anticipated statutory report into the affairs of Appster on Tuesday, liquidator Paul Vartelas revealed the once-upon-a-time market darlings financial position had been worsening for several years prior to its collapse last December.
It is my view that the company traded whilst insolvent prior to my appointment since the 31st of March 2018 and quite possibly since the 31st of March 2017, Vartelas wrote in his report.
Creditors are now being asked to fund legal proceedings against the directors, due to the limited resources left a…
Read the full article at: https://www.smartcompany.com.au/startupsmart/news/appster-may-have-traded-while-insolvent/
Corporate insolvencies rose by ten per cent in 2018, consultancy firm Begbies Traynor said in a trading update this morning, as it reported it was on track to meet full-year expectations.
The restructuring firm announced it had seen a good flow of insolvency appointments in the three months to the end of January this year, as the annual figure grew to 16,090 nationally last year.
Read more: Personal insolvencies reach seven-year high as consumer credit squeezed
The surge of insolvencies in 2018 comes after three consecutive years of the lowest level of corporate appointments since 2004.
The firm also confirmed that it completed the acquisition of Croft Transport Planning & Design on 31 January and bought Newcastle-based insolvency prac…
Read the full article at: http://www.cityam.com/274147/corporate-insolvencies-boost-puts-begbies-traynor-track