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One of Australia’s largest disability employers has announced its “devastating” decision to put it’s multi-million dollar company into voluntary administration.Bedford
A petition for Pittsburgh Fife Limited to be wound up and a liquidator appointed was presented to Dunfermline Sheriff Court on July 14.
The action was lodged by the Advocate General for Scotland for and on behalf of the Commissioners for His Majesty’s Revenue and Customs.
The address for the company was given as 3 St David’s Business Park, Dalgety Bay, and any parties claiming an interest were asked to contact the court within eight days.
Liquidation is the process of closing a limited company. It involves selling assets to pay off debts and dissolving the company from the official register at Companies House.
Patna: The contract killing of gangster Chandan Mishra in Patna has taken a new turn following the interrogation of the prime accused, Tausif Raza, alias Badshah. Police say Badshah, who allegedly gunned down Mishra at Paras Hospital on July 17, took the contract after losing Rs 20 lakh in gambling.
According to police sources, Badshah was hired by Nishu, who has since been arrested in Kolkata. Investigations reveal that the group of shooters held a liquor-fuelled gathering at Nishu’s residence in Samanpura hours before the murder.
Badshah reportedly gained access to Mishra by telling hospital staff that the victim was his uncle and was admitted in room 209. After firing 28 rounds at Mishra, he is believed to have recorded a…
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Pepco Germany has filed for insolvency proceedings as it seeks to reorganise its store network in the country.
The company aims to restructure the business for the German market and to better position it for potential success over time.
The German business has filed for insolvency proceedings under Section 270 of the German Insolvency Code at the Berlin-Charlottenburg Local Court, it said in a statement.
The court has subsequently ordered provisional company-led realignment proceedings, known as ‘Protective Shield Proceedings’, the company added.
All stores operated by the company will remain open until further notice and will continue to be supplied with the latest collections.
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One of Australia’s largest disability employers has announced its “devastating” decision to put it’s multi-million dollar company into voluntary administration.
Bedford Group made the announcement on Thursday, confirming it may affect up to 1400 staff across South Australia.
WATCH ABOVE: Disability non-profit falls into voluntary administration.
The state of Victoria’s financial woes is well documented.
In 2023-24, the state had the nation’s largest per capita net debt and the lowest credit rating (AA).
Per capita state debt was only $3,600 in Labor’s first budget in 2015. It has since climbed to $21,900 and is projected over the budget forward estimates to hit $25,500 by 2028-29.
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Victoria is currently paying $959 in annual interest costs per capita. By 2028-29, Victoria’s interest bill is projected to hit $1,391 per capita.
The two top international rating agencies, S&P and Moody’s, have warned that if debt levels are not rectified, Victoria’s credit rating may be further lowered.
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Further downgrades appear unavoidable, given that the Victorian…
