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They appear in the accounts as preferential creditors but whether they will get their wages and salaries remains unknown.
“Our present view, based on information received to date, is that it is likely that a partial distribution may be available for preferential creditors.
“However recovery actions through insolvent transactions or other remedies may bring in additional funds, although it is still too early to express a view on such matters,” the report said.
The company operated a transport management business headquartered at Wiri, mainly providing services to the construction industry.
It listed its activities under the Companies Office as road construction, repair or sealing.
Bakery house Baltic Bakers has entered liquidation after a series of financial and operational setbacks.
Managing directors and insolvency practitioners Jeremy Woodside and Tracey Pye from advisory firm Quantuma were appointed as liquidators for the Liverpool-based bakery on 26 June 2025.
The company’s financial and operational difficulties stemmed initially from events in 2023, when a move to a new bakery led to a sharp rise in costs and overheads, struggling particularly with higher energy, rent and insurance expenses.
In late 2024, a dispute with the local council over its Bridgewater Café site forced the business to cut capacity.
Matters worsened in March 2025, when the bakery, which was founded 13 years ago, failed…
Hewlett Packard Enterprise headquarters in Spring, Texas.
(Bloomberg) — Hewlett Packard Enterprise Co. is selling investment-grade bonds, in part to help refinance debt related to Juniper Networks, a company it recently acquired, according to a person familiar with the matter.
The four-part, dollar-denominated offering includes a mix of floating-rated and fixed-rate notes, the person said, asking not to be identified discussing private details. The longest portion is a five-year note.
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Around 17 borrowers are expected to issue high-grade debt on Monday, following last week’s robust $67 billion issuance that was easily absorbed by investors. HPE’s offering is part of the $45 billion…
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Verizon has created a $22 million debt relief fund together with ForgiveCo to support Americans in financial trouble. The money is aimed at military veterans, who face much higher debt compared to ordinary citizens.
The initiative started in 2024 and has already given more than $800 on average to each eligible veteran. Verizon and ForgiveCo have already wiped out $8.8 million in medical debt for over 6,000 veterans in the Great Lakes region, as per The Sun report.
Verizon sports partnerships
Verizon has partnered with popular sports teams like the Cleveland Browns, Detroit Lions, Green Bay Packers, Indianapolis Colts, Pittsburgh Steelers, St. Louis Blues, and Team Penske, so that people are more aware.
