Insolvency Guardian Media Centre
The unfortunate saga of Overum, the Swedish plough manufacturer, has taken a new twist with it being declared bankrupt by its latest owners, FairCap, the German investment company based in Munich.
Faircap purchased the company from New Holland in April of last year, as the tractor manufacturer appeared to back away from its ambition of going full line and filling its dealers yards with blue implements as well as tractors.
The latest development centres around the sudden closure of the factory by trade unions after the company management resigned en bloc at the beginning of September.
This left the company rudderless and the factory unmanaged, and so the local trade union felt it necessary to step in and close the factory…
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The unfortunate saga of Overum, the Swedish plough manufacturer, has taken a new twist with it being declared bankrupt by its latest owners, FairCap, the German investment company based in Munich.
Faircap purchased the company from New Holland in April of last year, as the tractor manufacturer appeared to back away from its ambition of going full line and filling its dealers yards with blue implements as well as tractors.
The latest development centres around the sudden closure of the factory by trade unions after the company management resigned en bloc at the beginning of September.
This left the company rudderless and the factory unmanaged, and so the local trade union felt it necessary to step in and close the factory itself, declaring…
Read the original article here
Company collapse and tax nightmare
The bankruptcy is rooted in the collapse of Barnes’ now-defunct business, John Barnes Media Limited. Liquidators revealed staggering debts, including nearly £777,000 owed to HMRC in unpaid VAT, National Insurance and PAYE. On top of that, Barnes’ company still had £461,849 in unsecured debts and a £226,000 director’s loan hanging over it. Barnes had already been barred from serving as a company director for three and a half years due to these financial issues, and despite chipping away at the mess with instalment payments, the hole was simply too deep, as reported by The Independent.
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The first £10k-a-week star now broke
The first £10k-a-week star now broke
It’s a bitter fall…
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Company collapse and tax nightmare
The bankruptcy is rooted in the collapse of Barnes’ now-defunct business, John Barnes Media Limited. Liquidators revealed staggering debts, including nearly £777,000 owed to HMRC in unpaid VAT, National Insurance and PAYE. On top of that, Barnes’ company still had £461,849 in unsecured debts and a £226,000 director’s loan hanging over it. Barnes had already been barred from serving as a company director for three and a half years due to these financial issues, and despite chipping away at the mess with instalment payments, the hole was simply too deep, as reported by The Independent.
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The first £10k-a-week star now broke
The first £10k-a-week star now broke
It’s a bitter fall…
Read the original article here
Liverpool legend John Barnes declared bankrupt after company racks up £1.5m debt MSN
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Former Liverpool great John Barnes
John Barnes has been declared bankrupt after running up debts of more than £1.5m through his media firm.
A bankruptcy order was issued in the High Court of Justice last week before being published in the London Gazette on Tuesday.
Read the original article here
The number of new Irish start-ups rose by 11% year-on-year in the third quarter of 2025, according to the latest figures from credit risk analyst CRIFVision-net.
The data points to strong entrepreneurial confidence across the country, even as financial pressures intensify in the wake of tariff-related uncertainty.
The report shows that fresh firms are emerging across a broad range of sectors, with notable county-level gains.
Westmeath and Kildare both recorded a 26% increase in new businesses, while Meath rose 19% and Wexford 11%.
Larger urban areas also saw a strong rise, with Limerick up 19%, Cork 14% and Dublin 6%.
Sectoral growth was equally broad, led by motor-related businesses (31%), IT (28%), agriculture (23%)…
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YT Industries is a brand that quickly made its name in the cycling industry for providing accessibly priced bikes for ‘young talent‘. From there, the brand sponsored many a successful athlete, such as Vali Holl and Andreu Lacondeguy, both of whom rode YT bikes to achieve incredible results. Oh, and remember the ad that starred Christopher Walken?
For a while, it looked like YT Industries had the world at its feet, but back in July, the brand entered tumultuous times, announcing that it had entered self-administration and was seeking new investors. That move was made crediting discount wars, US tariffs, and citing COVID as the “perfect storm”. Back then, entering self-administration meant restructuring the brand to try to keep it…
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John Barnes Declared Bankrupt Amid Financial Struggles: What Led to the £1.5 Million Debt?
Former Liverpool football star John Barnes has recently faced a significant financial setback, being declared bankrupt after his company accumulated a staggering debt of £1.5 million. This development has raised questions about the financial management of sports legends and the often-hidden challenges they face post-retirement.
Who is John Barnes?
John Barnes, 59, is widely regarded as one of England’s most talented footballers, having made a considerable impact during his career with Liverpool in the late 1980s and 1990s. Known for his exceptional dribbling skills and vision on the pitch, Barnes was integral to Liverpool’s success, helping…
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Liverpool Legend John Barnes Declared Bankrupt Amidst £1.5 Million Debt Crisis
John Barnes, the iconic former Liverpool winger, has recently been declared bankrupt after his business faced a staggering £1.5 million in debt. This development not only sends shockwaves through the football community but also highlights the financial challenges that retired athletes can face post-career. The berawangnews.com brings to light the often-overlooked struggles of sports icons as they transition from the limelight of professional athletics to everyday life.
The Rise and Fall of a Football Icon
John Barnes is celebrated for his exceptional skills on the football pitch, particularly during his time at Liverpool from 1987 to 1997. With 407…
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John Barnes has been declared bankrupt after running up debts of more than £1.5m through his media firm.
A bankruptcy order was issued in the High Court of Justice last week before being published in the London Gazette on Tuesday.
The issue stems from his now-liquidated company John Barnes Media Limited, of which the Liverpool legend had been banned from being a director for three and a half years due to the debts.
Liquidators’ reports show he owed HMRC £776,878 in unpaid VAT, National Insurance, and PAYE, alongside £461,849 to unsecured creditors and a £226,000 directors loan. Barnes has so far paid back £60,000 after agreeing to return the directors loan in instalments.
The former winger, who was the first player to earn…
Read the original article here
John Barnes has been declared bankrupt after running up debts of more than £1.5m through his media firm.
A bankruptcy order was issued in the High Court of Justice last week before being published in the London Gazette on Tuesday.
The issue stems from his now-liquidated company John Barnes Media Limited, of which the Liverpool legend had been banned from being a director for three and a half years due to the debts.
Liquidators’ reports show he owed HMRC £776,878 in unpaid VAT, National Insurance, and PAYE, alongside £461,849 to…