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Rob TriggBBC political reporter, Shropshire andAndy GiddingsBBC News, West MidlandsBBCHeather Kidd said effective bankruptcy was not an option she wanted
TVS Supply Chain Solutions Limited (NSE: TVSSCS, BSE: 543965) has informed stock exchanges about the closure of its UK-based step-down subsidiary through voluntary liquidation.
The company notified both BSE Limited and the National Stock Exchange of India that Peter Thomas & Co (Refurbishing) Limited, incorporated in the United Kingdom, was struck off on August 26, 2025. TVS SCS received official confirmation of the closure on September 4, 2025.
The subsidiary closure forms part of the company’s broader strategy to rationalize dormant entities within its corporate structure. Peter Thomas & Co (Refurbishing) Limited was classified as a non-material, dormant subsidiary that contributed no revenue,…
Heather Kidd said effective bankruptcy was not an option she wanted to accept
Shropshire Council is expected to declare a “financial emergency” next week at a cabinet meeting as it struggles to balance the books.
The Liberal Democrat authority’s chief executive will be asked to chair a recovery board to try and find urgent savings, if the council is to avoid effectively declaring itself bankrupt.
Its latest finance report is predicting an overspend this financial year of £35.169m by the end of the 2025-26 financial year, £889,000 of which cannot be funded through reserves or other means.
The report blamed a rise in the demand for social care, which it…
The Kirby Healy team will integrate with Kroll’s existing operations to deliver fraud and white-collar crime investigations, forensic accounting and litigation support. Credit: Vitalii Vodolazskyi/Shutterstock.com.
Kroll, a company specialising in financial and risk advisory services, has acquired Kirby Healy, a corporate insolvency practice in Dublin, Ireland.
The deal strengthens Kroll’s restructuring capabilities in the region, effectively doubling the size of its…
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When states take on debt, it’s usually for large infrastructure projects that may benefit multiple generations — for example, replacing bridges, building hospitals, or expanding highways and transit systems.
Burlingame, CA, Sept. 04, 2025 (GLOBE NEWSWIRE) — Corporate Recovery Service Market to Hit USD 149.2 Million by 2025 Amid Growing Corporate Insolvencies
The Global Corporate Recovery Service Market is estimated to be valued at US$ 149.2 Mn in 2025 and is expected to reach US$ 228.8 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2025 to 2032. The corporate recovery service market is projected to experience positive growth during the forecast period. This growth is driven by an increase in insolvency cases among large enterprises and the availability of cost-effective recovery service solutions. Furthermore, changes in bankruptcy laws that favor creditors are expected to boost the demand for these…
Councils technically cannot go bankrupt like a company or individual, but the authority’s chief financial officer can issue a section 114 notice, which stops all but essential spending.
The council is hoping to avoid that by taking urgent steps to take control of its expenditure.
Heather Kidd, the leader of the authority, said: “As a council, we must all move quickly to challenge every pound and stop all non-essential spend.
“If we do this, I’m confident that we can balance our budget by the end of this financial year.”
In April, the local authority revealed that 74% of its entire budget was spent on social care, driven by a rise in the number of children in care and a much older population than England as a whole.
