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Mohammed Liaqat and Rubani Ghulam were directors of a company which harassed people with nuisance cold-calls in 2020 and 2021
Posh Windows UK Ltd, based in Stoke-on-Trent, made more than 400,000 unsolicited marketing calls trying to sell home improvements within a nine-month period
Both have now been disqualified as company directors following investigations by the Insolvency Service
Two businessmen from Stoke-on-Trent who allowed their home improvements company to make hundreds of thousands of nuisance cold-calls have been banned as directors.
Mohammed Liaqat, 37, and Rubani Ghulam, 55, were directors of Posh Windows UK Ltd, which specialised in a range of products including windows, doors and…
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Cash flow problems are a key reason why companies go bust, said liquidators and analysts. This means they do not have enough money coming in to cover what they owe, even if they have assets on paper.
Businesses also dealt with rising interest rates between 2022 and 2024, with rates beginning to ease only earlier this year.
By then, however, many firms had already been hit hard by the withdrawal of COVID-19 government support at the end of 2023 as well as a weak economic year.
FOOD AND BEVERAGE SECTOR BADLY HIT
One debt collector firm, JMS Rogers, said an extreme example it handled was a food supplier that worked with major restaurants in Singapore.
“When he approached us, he gave us almost 120 debtors to go after, and the total…
Professional Australian valuers and auctioneers Hymans has revealed it will auction more than 40 prime movers and trailers from Mark’s Linehaul Pty Ltd after the operator entered liquidation.
On May 29, the operator appointed administrators, with a notice of deemed special resolution being issued on July 7 to wind up the company.
Now, Hymans has posted on its website an impending auction of 43 prime movers and trailers with the Mark’s badge on it.
Mark’s Linehaul Pty Ltd, formerly known as MFD Linehaul Pty Ltd, has been placed into voluntary administration, but MFD Linehaul is now still operating under new ownership.
MORE OWNERDRIVER TRENDING STORIES:
From August 7 to August 11, Hymans, in conjunction with Manheim, will hold…
And with a dixer on how good the Albanese government’s agenda has been this sitting fortnight, the PM calls time on question time.
That’s it friends. Only three and a bit weeks until the next go around.
Wholesale prices have risen over the quarter but they’re down on prices during election, Bowen argues
Nationals MP Sam Birrell is next up to lob yet another question to Energy Minister Chris Bowen. Unlike Leon Rebello before him, he comes armed with reference to a report this time.
“According to today’s data from the Australian Energy Regulator did wholesale and electricity prices rise or did they fall?” he asks.
The Albanese government’s signature HECS reforms passed parliament on Thursday, meaning more than three million Aussies will see thousands of dollars wiped from their student debt.
For those with an average debt of $27,600, it’s a saving of $5520.
The Bill also included changes to when the money needs to be repaid, saving those on lower incomes from mandatory deductions.
Here’s everything you need to know about the changes – and when they’ll come into effect.
HOW MUCH WILL I SAVE?
The reforms will wipe about $16bn of HELP debt, VET loans and apprenticeship loans for approximately three million Australians.
According to calculations from the government someone with the average HELP debt of $27,600 will have $5520 wiped from their…
Australia’s parliament has passed a law to cut student loans by 20%, wiping more than $A16 billion ($NZ17.47 billion) in debt for 3 million people, and fulfilling a key election promise to help mitigate the rising cost of living.
The law is the first passed by Prime Minister Anthony Albanese’s centre-left Labor Party since being re-elected in May with one of the country’s largest-ever majorities.
“We promised cutting student debt would be the first thing we did back in parliament – and that’s exactly what we’ve done,” Albanese said in a statement.
“Getting an education shouldn’t mean a lifetime of debt.”
Education Minister Jason Clare said the measure would help “take a weight” off the backs of…
The Sportsbet “live odds” segment has been an AFL television broadcast mainstay for years.
Hosted by former player Nathan Brown, the segment was broadcast before and during games, opening with an analysis of how the players and team might perform.
It would end with a suggested bet for people watching at home.
For as long as the segment has existed, it has attracted criticism from those opposed to gambling advertising.
“The ads are packaged as part of the culture and the norms of the game,” Ross Gordon, from the University of Technology Sydney’s business school, said.
“I think there’s been community concern around that … that you can’t watch sport now on TV in Australia without that really being embedded within it.“
Australia’s Prime Minister Anthony Albanese. Photo: MIKE BOWERS / AFP
Australia’s parliament on Thursday passed a law to cut student loans by 20 percent, wiping more than AU$16 billion (NZ$17.4 billion) in debt for 3 million people, and fulfilling a key election promise to help mitigate the rising cost of living.
The law is the first passed by Prime Minister Anthony Albanese’s centre-left Labor Party since being re-elected in May with one of the country’s largest-ever majorities.
“We promised cutting student debt would be the first thing we did back in parliament and that’s exactly what we’ve done,” Albanese said in a statement.
“Getting an education shouldn’t mean a lifetime of debt.”
