Insolvency Guardian Media Centre
Toronto, Ontario(Newsfile Corp. September 3, 2018) Buffalo Coal Corp. (TSXV: BUF) (JSE: BUC) (Buffalo or the Company) announced today that STA Coal Mining Company Proprietary Limited (STA), a mining contractor engaged by the Company to provide contract mining services at the Companys Magdalena underground mine in South Africa, has provided notice to the Company of its intention to not renew the contract mining services agreement (the STA Agreement) dated October 31, 2015 entered into by STA, the Company and certain subsidiaries of the Company, following the expiry of such contract in accordance with its terms on October 31, 2018. Under the terms of the STA Agreement, STA currently conducts all underground coal mining operations at t…
Read the full article at: https://www.geologyforinvestors.com/restructuring-of-companys-dundee-operations/
(Reuters) – U.S. automaker Ford Motor Co (F.N) plans to drop production of some of its automobile models as part of a planned operational restructuring announced earlier this year, sources told The Times.
The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse
The British newspaper reported that Ford planned to end production of Mondeo, Galaxy and S-Max models and focus on more lucrative sport utility vehicles. Ford also plans to cut its number of dealerships, the Times said.
In July, Fords chief executive officer, Jim Hackett, said the company planned to spend around $11 billion on a restructuring of its European business.
Ford lo…
Read the full article at: https://www.reuters.com/article/us-ford-motor-europe/ford-to-cut-car-models-as-part-of-restructuring-the-times-idUSKCN1LI0SE
Friday, December 23, 2016, mightnt mean much to the average person, but for Kade Rixon, its a day hell never forget.
That was the moment things hit home for the Melrose soccer coach and he vowed never to have another bet.
To the naked eye, hes a positive, happy-go-lucky man, but behind the mask was a desperate and lonely individual that didnt understand the chaos he was causing around him all from gambling.
The old saying never judge a book by its cover couldnt be more appropriate.
Rixon, now 30, had his first bet as a 16-year-old in Melbourne with a group of school friends who all loved to get involved with the punt.
It was four or five years later that he knew he was in a bit of trouble.
Every day after work, Id be going to the pub and spe…
Read the full article at: https://www.thecourier.com.au/life-style/5620539/silent-killer-a-gambling-addict-explains-all/
DURBAN The restructuring of Grindrod has been completed with the appointment of Andrew Waller as chief executive and Xolani Mbambo as financial director, with effect from September 1.
The group said on Friday that both executives would also perform these roles for the freight services business as Grindrod consolidates the structure.
Grindrod has concluded the spin-off of its shipping division and will focus on the remaining businesses, freight services and financial services.
Grindrod executive chairperson Mike Hankinson said the firm was seeing results from its focus on developing freight solutions for their customers using their infrastructure assets along Africas logistics corridors.
Steady and organic growth is expected in t…
Read the full article at: https://www.iol.co.za/business-report/companies/bosses-named-in-grindrod-restructuring-16861336
Sound Q2 Results
Pentair delivered second-quarter 2018 adjusted earnings of 71 cents per share, up 18% from the year-ago quarter. Earnings also beat the Zacks Consensus Estimate of 69 cents as well as m…
Read the full article at: https://www.zacks.com/stock/news/321123/pentair-rides-on-new-products-business-restructuring-efforts
Thirteen months after Mr Osborne joined C8, the company went into liquidation with an estimated $5 million in advised debts.
Fairfax Media could not reach Mr Macolino for comment, while Mr Osborne declined to comment.
Among the creditors were the National Australia Bank, with a claim of $2.4 million, and Qantas, with $149,000 in claimed debts.
In a press release from its worldwide press office in June 2013, the British Broadcasting Corporation touted its business partnership with Mr Macolino and the C8 Group.
Were excited to be partnering with the BBC to launch their first dedicated e-commerce website for Doctor Who, Mr Macolino said in the BBC press release.
Offering free delivery to customers in Australia and the quickest delivery service w…
Read the full article at: https://www.smh.com.au/business/companies/paul-osborne-on-banned-directors-list-20180824-p4zzm4.html
A Cornwall construction firm that specialises in the construction of high-value properties, prestigious refurbishments and multi-dwelling sites in Cornwall will enter liquidation this month, it has been confirmed.
Speculation has been rife regarding the future of Nova Construction (Cornwall) Ltd, based at Marlin House on Agar Way in Pool near Redruth, which was said to have gone under.
Now, licensed insolvency practitioner Purnells has confirmed that the company will enter liquidation in the coming days.
A Purnells spokesman said: “The directors of the company signed notices to requisition a decision procedure to place the company into creditors voluntary liquidation on the 23 August 2018. That decision procedure will be held on the 13 …
Read the full article at: https://www.cornwalllive.com/news/cornwall-news/cornwall-company-nova-construction-cornwall-1948979
Commenting on the announcement from the Department for Business, Energy, and Industrial Strategy on corporate governance and corporate insolvency framework reform proposals, William Ballmann, Yorkshire council member for R3 and consultant at Gateley plc in Leeds, says:
R3 welcomes the governments long-awaited announcement that it is moving forward with its corporate insolvency framework reform proposals, which will be the most significant update to the corporate insolvency landscape since the 2002 Enterprise Act. As the date of the UKs exit from the European Union approaches, ensuring that the UKs world class insolvency and restructuring framework for dealing with dis…
Read the full article at: https://bdaily.co.uk/articles/2018/09/03/government-announces-most-significant-reform-to-corporate-insolvency-landscape-for-16-years
McErlain’s Bakery, the Co Londonderry firm rescued from insolvency under two weeks ago, is set to create 40 new jobs.
After a last-minute intervention from the boss of crisp maker Tayto, 260 jobs were saved at the Magherafelt-based busi…
Read the full article at: https://www.belfasttelegraph.co.uk/business/jobs/mcerlains-bakery-announces-40-jobs-after-avoiding-insolvency-37271403.html
Do you know the address of your companys registered office?
You should know it might not be the same as your principal place of business.
Understanding the difference between the two could save immense stress, legal costs and your company.
The address of a companys registered office is the place where documents can be effectively served. This means, if a supplier, employee or customer wanted to commence legal action, they would be correct in posting their legal notices to a registered office address.
Say you are a director of a manufacturing company. Your principal place of business is 1 Fake Street, but the address for the companys registered office is your personal residence, 3 Cosey Avenue. One day you decide to relocate.
Several month…
Read the full article at: https://www.theherald.com.au/news/national/5622010/office-details-a-trap-for-many/
Demand for help with debts is expected to reach a five-year high across 2018 as people increasingly find themselves struggling with everyday household bills, according to a charity.
National Debtline, which is run by the Money Advice Trust (MAT), predicts it will have received 189,000 calls by the end of 2018 its highest level of demand in the last five years.
It said callers are increasingly struggling with arrears on everyday household bills, with people facing smaller but trickier debts to deal with.
Half of callers to National Debtline are now struggling to repay debt of £5,000 or less up from less than a quarter (22%) in 2008.
Three in 10 callers have council tax arrears up from about one in six (15%) in 2008, with the proportion of …
Read the full article at: https://uk.finance.yahoo.com/news/charity-expects-demand-debt-help-230100705.html
A private letter ruling from the IRS on one employer’s effort to address student debt through its defined contribution plan could wind up spurring more plan sponsors to follow suit.
Helping employees manage growing levels of student loan debt falls under a broader effort among employers to promote employee financial wellness, which can enhance retirement outcomes, benefit experts said. Employers also see a focus on student debt as way to attract and retain younger workers.
In discussions about financial wellness, “the key trend is the tremendous amount of growth in student loan debt. (The IRS action) points plan sponsors to the fact that this is something that’s worth their attention, not just in the 401(k) …
Read the full article at: http://www.pionline.com/article/20180903/PRINT/180909979/irs-ruling-on-student-debt-help-could-prompt-other-plans-to-act