UK Renewable Investments (AD) plc was wound up on 3 April 2019 by District Judge Khan in the Business and Property Courts in Manchester. The Official Receiver has been appointed as liquidator.
In considering the petitions to wind-up the company, the court heard that between July 2015 and September 2016 UKRI sold corporate bonds to 208 people. 2.5 million was raised and investors were told their funds would go towards developing anaerobic digestion plants that generated renewable energy.
The bonds had a five-year term and were to generate an interest rate of 11% per annum. Interest payments were to be paid every six months after the first year and the bonds were to be redeemed in full at the end of the five-year term.
The major…
Read the full article at: https://www.miragenews.com/courts-shut-down-renewable-energy-investment-company/
- Australias happiest profession are sports and recreation, while government and defence are the least happy, according to SEEK.
- The head of a recruitment company says businesses undervalue happiness.
- Positive business conditions ahead for Australias unhappiest profession
New data from SEEK has found CEOs in Australia rate among the happiest workers in Australia, while Australias unhappiest workers are those in government and defence.
Almost 9 in 10 people in government and defence work said they were unhappy in their current role, according to the survey of 400 people released by job platform, SEEK. Admin and insurance roles also didnt have workers jumping out of bed in the morning. On the co…
Read the full article at: https://www.businessinsider.com.au/ceos-are-the-happiest-at-work-while-government-and-admin-workers-are-more-likely-to-be-miserable-2019-4
More than 254,000 debt relief ordershave been issued in the past 10 years, helping more than a quarter of a million people stabilise their finances.
Since the orders were launched in April 2009,some 2.3bn of debt relief has been granted to helppeople who have few assets and little surplus income, The Insolvency Service has revealed.
Those needing a DRO apply through an authorised debt adviser at organisations such as Citizens Advice, StepChange and PayPlan, who submit applications to The Insolvency Service on their behalf.
Paula Hogarth, who manages StepChanges DRO team in Birmingham, said: “While they are only suitable for a minority of people, and it is important that people go through debt advice to work out what is best for their own pa…
Read the full article at: https://www.ftadviser.com/your-industry/2019/04/08/debt-relief-worth-2-3bn-given-over-past-decade/
In 2018, 73 per cent of high-income earners ($150,000 or more) said they expected to pay down debt. That has fallen to 37 per cent.
“Given that our survey also showed that over 60 per cent of Australians are extremely concerned about the increasing cost of living the cost of essential services and increasing energy prices it seems that more households are not paying down debt because they do not have the capacity to do so,” EY chief economist Jo Masters said.
Key data on lending to households and businesses will be released on Tuesday. Lending to households for personal finance excluding refinancing has fallen more than 15 per cent in the 12 months to December while lending to households for the purchase of homes has fallen more than 19 …
Read the full article at: https://www.afr.com/news/economy/stretched-australians-unable-to-reduce-debt-20190408-p51bva
Mumbai: The dedicated bankruptcy court has admitted an insolvency petition filed by the Swiss emerging markets fund, ResponsAbility Fair Agriculture Fund, against livestock feed manufacturer Abhay Nutrition for defaulting on around $4.75 million (around Rs 33 crore) of advances.
Maharashtra-based Abhay Nutrition is backed by the US-based and emerging countries focused fund SEAF and currently it owns Indias largest cotton seed processing unit, with an annual capacity of 2 lakh tonnes.
The company had provided corporate guarantees for its Dubai-based subsidiary Krishi Nutrition. However, since the subsidiary failed to repay ResponsAbility Fund, it had approached NCLT to recover its dues from Abhay Nutrition.
The local borrower company had …
Read the full article at: https://economictimes.indiatimes.com/industry/miscellaneous/seaf-backed-abhay-nutrition-now-in-nclt/articleshow/68771359.cms
Jodie Annabel Fairbrother (40), from Immingham, Lincolnshire, was the former owner of a boarding kennels in South Killingholme. The business traded from Janika Boarding Kennels under the name 4Paws and provided animal transport, boarding kennels and a veterinary clinic.
In March 2018, 4Paws was subject to visits from the RSPCA and the police over animal welfare concerns. Over 100 animals were removed and Jodie Fairbrother later closed the business before applying for bankruptcy in November 2018.
Having been previously bankrupt in 2005, Jodie Fairbrother would have been aware that she was required to inform the Official Receiver about any assets she owned, including property. However, she failed to declare that she jointly owne…
Read the full article at: https://www.miragenews.com/extended-bankruptcy-for-former-kennels-owner/
Business software company SAP said Robert Enslin, the head of its cloud business group, has resigned.
Robert Enslin joined SAP in 1992 and served on its board since 2014. IT industry analysts considered Robert Enslin as a potential successor to SAP CEO Bill McDermott.
SAP reported Cloud & Software revenue of 20.622 billion in 2018 against 19.549 billion in 2017. SAPs operating profit was 5.705 billion in 2018 against 4.877 in 2017. Total revenue of SAP increased to 24.741 billion in 2018 against 23.464 billion in 2017.
SAP earlier said it aims non-IFRS cloud subscriptions and support revenue of 8.6 9.1 billion in 2020 against the previous target of 8.2 8.7 billion. SAP also aims at 28.6 29.2 billion non-IFRS total revenue in 2020 against…
Read the full article at: https://infotechlead.com/cloud/sap-cloud-business-head-robert-enslin-resigned-58172
Footballer David Goodwilllie, who claims he was left penniless after losing a civil action in which he was branded a rapist, has been declared bankrupt over a 41,000 tax debt.
The 30-year-old former Scotland striker ran up the tax bill at the height of his career when he was reportedly earning 20,000 a week playing for English side Blackburn Rovers, who were then in the Premier League.
At Alloa Sheriff Court on Friday, Goodwillie, now an electricians labourer and a part-time player with Scottish League Two club Clyde, failed to persuade a sheriff to spare him sequestration.
The court was told that Goodwillie, who now lives in Menstire, Clackmannanshire, with his wife, model Kirstie Smith, 27, and their seven-month…
Read the full article at: https://www.scotsman.com/news/footballer-david-goodwilllie-bankrupt-over-41k-tax-debt-1-4903487
news, local-news,
More than 1000 police fraud charges against Framlingham Indigenous leader Geoff Clark, his wife Trudi and two of their sons have been adjourned for further hearing in Warrnambool court on May 31. Mr Clark, Trudi and their two sons Aaron and Jeremy appeared in the Warrnambool Magistrates Court on Friday morning for a committal mention hearing. They have been charged with 1170 offences, with Mr Clark alone charged with 533. Magistrate Steve Raleigh adjourned further hearing of the case until May 31, for another committal mention. He suggested the case may have to be moved to Melbourne due to the huge number of charges and the complexity of the case. There are 19,000 pages in the police brief of evidence. Mr Clark indicate…
Read the full article at: https://www.araratadvertiser.com.au/story/6006631/clarks-troubles-unfold-why-his-family-is-facing-more-than-1000-fraud-charges/?cs=1516