UK’s third-largest steel producer pushed into compulsory liquidation MSN
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Lexington Blue bankruptcy converted to liquidation. What it means for homeowners Lexington Herald Leader
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22 August 2025
The UK government has taken control of one of the country’s largest steelworks after insolvency courts approved a petition for Yorkshire-based Speciality Steel UK (SSUK) to be placed into compulsory liquidation on 21 August. SSUK is part of the Liberty Steel Group owned by Sanjeev Gupta and employs around 1,450 people in Rotherham and Sheffield.
Image: Unite
The High Court issued its decision after a compulsory winding up order was sought by creditors that are owed hundreds of millions of pounds by SSUK. The company uses scrap metal to manufacture steel for aerospace, defence, and power generation. The government will be covering the ongoing costs of SSUK, including wages, while a search for a buyer is carried out.
SSUK…
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Melbourne commercial printer, Ezprint, has hit the skids, entering voluntary liquidation following a general meeting of company members last Friday (15 August), halting all work and terminating employment for all staff.
A letter to staff members from company director, Daniel Mayson, stated: “Unfortunately, despite our best efforts, we have reached a point where the business can no longer continue”.
“Due to a combination of external and internal pressures, we are left with no viable option but to close our doors. This difficult decision was not made lightly. I have explored every possible avenue to keep things going, but ultimately, the circumstances have proven too great to overcome.”
In the same letter it says that staff…
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Eevia Health
The Board of Directors of Eevia Health Plc (“Eevia” or the “Company”) has resolved to propose to the General Meeting of Shareholders that the Company enter voluntary liquidation. Despite a recent surge in commercial opportunities including new multi-million item orders and the initiation of supplier set-up with two of the world’s largest brands, the Board’s proposal is driven by the immediate liquidity challenges and overdue liabilities that the Company is unable to cover within a reasonable time, combined with the lack of access to new financing (both equity and non-dilutive).
Despite receiving sales order requests from customers exceeding EUR 2,5 million only in the last few weeks and ongoing sales processes with global…
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The Koninklijke Paardekooper Group has collapsed. The court of Rotterdam declared the packaging producer bankrupt on Friday, after it filed for suspension of payments earlier this week. The bankruptcy leaves 700 people without a job.
The court appointed a bankruptcy administrator to investigate how to proceed.
Paardekooper manufactures packaging for a wide range of sectors. It supplies film for the industry, trays for the hospitality industry, and packaging for shops and offices, NOS reports.
Paardenkoper has offices in Amsterdam, The Hague, Rotterdam, Barendrecht, and Beverwijk. It employs approximately 700 people in the Netherlands and Belgium, all of whom will now be out of work.
The company was founded in 1919 and operates in over 75…
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Aker Carbon Capture ASA
Reference is made to the extraordinary general meeting in Aker Carbon Capture ASA (under liquidation) (the “Company”) held on 5 August 2025 where it was resolved to liquidate the Company.
The Company’s Board of Directors has in accordance with section 16-6 of the Norwegian Public Limited Liability Companies Act prepared a liquidation balance sheet as of 31 July 2025. The liquidation balance sheet has been audited by the Company’s auditor. Both the balance sheet and the auditor’s report are attached hereto. The liquidation balance sheet and the auditor’s report will also be distributed to the shareholders of the Company prior to final liquidation and is also available at the Company’s registered office as required…
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Reference is made to the extraordinary general meeting in Aker Carbon CaptureASA (under liquidation) (the “Company”) held on 5 August 2025 where it wasresolved to liquidate the Company.
The Company’s Board of Directors has in accordance with section 16-6 of theNorwegian Public Limited Liability Companies Act prepared a liquidationbalancesheet as of 31 July 2025. The liquidation balance sheet has been audited bytheCompany’s auditor. Both the balance sheet and the auditor’s report areattachedhereto. The liquidation balance sheet and the auditor’s report will also bedistributed to the shareholders of the Company prior to final liquidation andisalso available at the Company’s registered office as required by the NorwegianPublic Limited…
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Former Taboo Donuts headquarters on the market months after food firm entered insolvency proceedings The Irish News
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Since the end of Members’ Voluntary Liquidation (MVL) clearance, there has been an increase in Notices of Intended Dividends (NOIDs) submitted by insolvency practitioners (IPs), under Rule 14.29(1)(b) Insolvency (England and Wales) Rules 2016 (IR16).
This has created operational challenges for HMRC.
Operational challenges for HMRC
High volumes
There has been a significant increase in NOIDs since the end of MVL clearance.
Early submission
There are some IPs issuing NOIDs immediately upon appointment, even when pre-appointment tax returns are outstanding. Also, some NOIDs are being issued before the Gazette or Companies House have been notified of the appointment.
Inappropriate use of NOIDs
There are some IPs using NOIDs…
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Christchurch company CProPainterPlaster has collapsed owing Inland Revenue an estimated $1 million-plus in unpaid tax.
The business working in the house construction industry went into liquidation under an application filed by the IRD at the Christchurch High Court on July 10 with the New Zealand Insolvency and Trustee Service appointed as liquidator.
In the first liquidators report released on August 15 the cause was understood to be a failure to account for taxation.
The liquidator was working to establish communication with sole director and shareholder, Christopher Pabaira, to obtain the company’s financial statements and position.
CProPainterPlaster is estimated to have just under $2000 in available funds.
The liquidator has…
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