Creditors of collapsed trade finance firm Stronghold Global Finance (UK) Limited are owed at least £1.28mn and may not receive any disbursements from the company’s estate, liquidators have said.  

A court placed Stronghold into liquidation last year after it failed to pay debts of £181,000 to seven creditors, including former employees and vendors such as the company’s former landlord.  

A progress report by the company’s liquidators, made public on October 24, showed that the amount believed to be owed to unsecured trade creditors had risen to £747,908, but that the figure “is likely significantly higher”. 

The total includes both creditors that have provided proof of claim forms and additional amounts…

The BMZ Group is primarily known for producing lithium-ion battery packs. Customers include Daimler Buses, which sources new battery packs (“NMC 4”) for the Mercedes-Benz eCitaro from BMZ Poland. The latter, as well as other foreign subsidiaries, are reportedly unaffected by the insolvency.

In the press release, the group outlines the situation as follows: the background to the insolvency of BMZ Germany GmbH is “an acute liquidity crisis and the need for restructuring following the loss of a major customer in the energy storage segment, as well as resulting legal disputes and cost burdens.” The customer’s identity was not disclosed. It is clear, however, that BMZ Holding GmbH is also affected due to a guarantee commitment and…

The government has confirmed its intention to provide an initial tranche of debt relief totalling £500m in 2026/27 to support repayment of the council’s debt, subject to progress with its asset rationalisation programme.

 Woking Council was put into special measures after years of financial mismanagement with a number of excessive building projects forcing the council into the equivalent of public sector bankruptcy facing debts of £1.9bn.

This support reflects the government’s commitment to achieving the best Value for Money for taxpayers, both locally and nationally.

The financial woes led to the launch of an investigation by the Financial Reporting Council (FRC) in February focusing on the work of senior former accountants at…

A new report from the American Association of State Colleges and Universities reveals that while a strong majority of alumni from member institutions are satisfied with their education and careers, significant gaps remain in career preparation, gender pay equity, and student debt management.

“Leveraging Alumni Voices to Drive Value: A Starter Kit for Campus Leaders”Dr. Charles L. Welch  surveyed more than 1,800 alumni from nine AASCU member institutions who graduated five and 10 years ago. The study, which utilized the National Alumni Career Mobility survey from Lightcast, aimed to assess the long-term value of postsecondary education through alumni perspectives.

The findings show 84% of respondents were satisfied with their educational…

Major US candy company CandyWarehouse.com, based in Sugar Land, Texas, has filed for Chapter 11 bankruptcy protection just one week before Halloween, the biggest candy selling day of the year. The filing, submitted on 24 October 2025 in the US Bankruptcy Court for the Northern District of Texas, revealed the retailer’s grim financial standing: assets between US$100,000 and US$1 million set against liabilities of US$1 million to US$10 million, confirmation that the company could no longer meet its debts.Founded in 1998, the retailer grew into a major force in the online confectionery business, offering a vast selection of fresh, high quality sweets sold in bulk to both individual shoppers and businesses such as hotels, hospitals and…

Government has confirmed plans for local government reorganisation in Surrey, announcing that two new unitary councils will replace the existing twelve councils in April 2027, creating a simpler and more efficient system for delivering services across the county. 

Government is clear that this once in a generation reform will see stronger local councils in charge of all local services, equipped to drive economic growth, improve local public services, and lead and empower their communities – ultimately it will help drive up living standards.  

Government has confirmed their commitment to repayment in-principle of £500m of Woking Borough Council’s debt in 2026-27. This is a first tranche of repayment support, and…

The National Company Law Appellate Tribunal (NCLAT) has paved the way for Aakash Educational Services Ltd (AESL) to conduct its Extraordinary General Meeting (EGM) concerning a rights issue. This decision was made despite pushback from Glas Trust, a leading creditor in the insolvency proceedings involving Think & Learn Pvt Ltd, the parent company of the edtech giant Byju’s.

A two-member bench of the tribunal dismissed the interim application put forth by Glas Trust, citing insufficient grounds. This allows AESL’s EGM, slated for October 29, 2025, to proceed as planned. Shareholders during this meeting will have the task of voting on the rights issue, aimed at raising capital for the company.

The legal tussle highlights the…

The leader of Arts at the Mill, which operated The Old Courts venue in Wigan, has said entering a temporary administration process is a “positive and necessary step” to protect creditor interests, as the scale of its debt has been revealed as over £1.6 million.

However, David Jenkins, managing director of the Arts Council England (ACE) National Portfolio Organisation, said he is “optimistic” that an ongoing multi-million-pound legal claim will allow Arts at the Mill’s creditor balances to be cleared in full.

The Old Courts was forced to abruptly close its Grand Vault music venue and 150-seat theatre in March 2023 after routine maintenance work overseen by external contractors led to excess force being…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….