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George Lafferty of Begbies Traynor has been appointed provisional liquidator of The View Café, Aviemore, “a popular café with both locals and visitors”, as part of a Scottish court liquidation process.
The liquidator said it is working to “ensure all staff who have been made redundant are able to recover sums due to them as quickly as possible”.
The company entered provisional liquidation on Tuesday and has now ceased trading “resulting in all 12 members of staff being made redundant”.
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Thomas McKay, managing partner at Begbies Traynor in Scotland, said: “We are currently working with the Redundancy Payments Service to ensure all staff who have been made redundant are able to recover…
The company linked to the former Conservative peer Michelle Mone, which owes the government almost £150m for supplying unusable personal protective equipment during the pandemic, has been put into liquidation.
The Department of Health and Social Care (DHSC) applied for PPE Medpro to be wound up at a high court hearing on Thursday, arguing that the company was “hopelessly insolvent” and should not continue in administration.
Mone’s husband, the Isle of Man-based businessman Doug Barrowman, owned PPE Medpro, which was awarded two contracts to supply PPE worth £203m after Mone approached Michael Gove, the then Cabinet Office minister, in May 2020. The contracts were processed via the “VIP lane” operated by Boris Johnson’s…
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The Bally’s Corporation has announced new financing for its land-based gaming projects in Chicago, Las Vegas, and New York.
The Bally’s Corporation is nearly engaged in developing physical casinos in three of the largest markets in the United States simultaneously and has restructured its current debt to account for those expenses. Bally’s shared the terms of an agreement with three private investment entities with shareholders on Dec. 8.
Bally’s announces deals with investment firms
While Bally’s presence among the best online casino apps in the US is limited, its prominence on the brick-and-mortar side…
On Dec. 3, the African Development Bank Group announced that it approved additional debt relief for Somalia, amounting to $17.68 million and marking another milestone on the path to full debt-free status. The Bank Group’s lead operations adviser for Somalia, Bubacarr Sankareh, said, “Somalia has earned this moment through determination and discipline.”
This milestone represents the convergence of persistent national effort and a strategic international partnership. Through coordinated bilateral and multilateral engagement, Somalia secured debt alleviation, most notably under the Heavily Indebted Poor Countries Initiative, launched in 1996 by the International Monetary Fund and World Bank to provide relief to countries burdened by…
Canadians are heading into the new year with tighter budgets as grocery prices rise and more people look for help managing their bills.
The Credit Counselling Society (CCS) said the financial strain is showing up earlier than usual, with more households reaching out before holiday statements arrive.
Canada’s Consumer Price Index rose 2.2 per cent in November compared with a year earlier, but grocery prices increased at more than double that pace.
Grocery costs were up 4.7 per cent, the largest jump since December 2023, according to CCS.
CCS said the pressure is already leading more people to seek guidance. The non‑profit reports an 11‑per‑cent increase in counselling requests in November 2025 compared with the same month last…
Last month, international cannabis operator Cannim collapsed, calling in administrators to sift through the company’s remaining assets and attempt to find tens of millions of dollars to satisfy its increasingly frustrated creditors.
As details continue to emerge regarding Cannim’s questionable handling of finances in the run-up to its collapse, legal challenges claiming ownership of whatever remains of the company are escalating fast.
Jade Proudman, the founder and former CEO of Savage Cabbage, acquired by Cannim in 2023, has now been awarded more than £137,000 after an employment tribunal ruled that she was dismissed in breach of contract without notice.
However, Proudman told Business of Cannabis that attempts to…
The future of Höfner, one of guitar and bass’s oldest brands, famous for Paul McCartney’s 500/1 bass guitar, is under threat after it filed for bankruptcy protection.
The Furth Local Court, in Bavaria, announced the provisional insolvency on 10 December, appointing a provisional administrator, Dr Hubert Ampfer, to secure the company’s assets.
These proceedings do not affect day-to-day trading. Höfner is still in business, and continues to make and sell instruments, employ its staff and purchase materials and services from its suppliers.
But it is not a good sign, pointing to financial distress, and the need for legal procedures to safeguard its creditors’ assets.
Although Regional Jet, which operated under the Xfly brand, went bankrupt in February, it still has dozens of employees and a valid maintenance certificate.
In November last year, Nordic Aviation Group and its subsidiary Regional Jet filed for bankruptcy. The court declared Nordica bankrupt in January, followed by the bankruptcy ruling for Regional Jet, which operated under the Xfly brand, in February.
While one might assume a bankrupt company would cease operations entirely, business registry records show this is not the case for Regional Jet. Despite tax arrears of more than €244,000, the company posted €92,514 in revenue and employed 21 people in the third quarter of this year.
The decision, made by a judge at a hearing on Thursday, could mean that the Government is unlikely to see most of the £148 million 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 for Health and Social Care (DHSC) in October.
But it filed for administration on September 30, the day before the ruling, with the money still unpaid.
At a hearing at the Insolvency and Companies Court on Thursday, barristers for the three joint administrators asked for PPE Medpro to be kept in…
The decision, made by a judge at a hearing on Thursday, could mean that the Government is unlikely to see most of the £148 million 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 for Health and Social Care (DHSC) in October.
But it filed for administration on September 30, the day before the ruling, with the money still unpaid.
At a hearing at the Insolvency and Companies Court on Thursday, barristers for the three joint administrators asked for PPE Medpro to be kept in…
