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PPE Medpro, the company linked to Baroness Michelle Mone, has been wound up at a specialist companies court.

The decision, made by a judge at a hearing on Thursday, could mean that the government is unlikely to see most of the £148m owed to it by the company after it was found to have breached a contract to supply 25 million surgical gowns during the coronavirus pandemic.

PPE Medpro, a consortium led by Lady Mone’s husband, businessman Doug Barrowman, had been ordered to pay the sum after losing a High Court battle against the Department of Health and Social Care (DHSC) in…

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The first creditors meeting for Billboard Media was held on Thursday 18 December and it has been revealed that the company owes creditors over $7 million.

The largest creditor is the Australian Tax Office with the administrator estimating between $4 million and $5 million to be owed.

Hall Chadwick partner John Vouris has been appointed as the administrator for the Billboard Media business and provided Sprinter with an exclusive insight into the events from the creditor’s meeting.

“Today’s first creditors’ meetings went well with six creditors in attendance,” Vouris said.

Sprinter understands there was only one creditor in attendance at the meeting in Sydney with an additional five creditors…