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07/02/2025, Balby, Doncaster // PRODIGY: Feature Story //
Nexus Corporate Solutions Limited continues to be a trusted partner for UK businesses facing financial difficulties. Based in Doncaster, the company offers professional insolvency advice and tailored solutions to help directors and stakeholders navigate periods of corporate distress.
One of the core services of Nexus Corporate Solutions Limited is company administration, a strategic solution for restructuring insolvent businesses. Acting as the appointed administrator, Nexus guides clients through the entire process, helping safeguard the business, protect its assets, and lay the foundation for a successful recovery.
The tribunal rendered these observations while rejecting an application filed by the resolution professional (RP) of Shakti Bhog Snacks Limited under Section 54 of the IBC, seeking dissolution of the company on the ground that there are no assets, no ongoing business operations and no scope for its revival.
The RP said that continuation of the Corporate Insolvency Resolution Process (CIRP) or initiation of liquidation would be futile and economically unviable.
However, the Enforcement Directorate (ED) opposed the plea, stating that the company and its ex-official are accused in the money laundering case related to the ₹3,269 crore loan fraud case and the PMLA proceedings are pending against them.
Noel Edmonds made his millions in TV and radio.
Picture:
Alamy
Noel Edmonds has made a fortune over his 50-year career but not without his ups and downs – here we explore his net worth, bankruptcy and the story behind his inspiring knight statue.
Noel Edmonds is returning to TV screens this summer to give fans a glimpse into his brand new life in New Zealand.
The telly icon, 76, relocated to the South Island and bought £14.5million of property in an area called Ngātīmoti to set up his vision – a tiny town featuring a cafe, pub, vineyard, wellness centre, general store and coffee shack.
Nourisher, which produces locally-sourced yoghurts, soups, and tray meals, is facing a resolution to wind up the company.
The products made by the firm, which is based in Calmore Industrial Estate, were supplied to major supermarket chains, including Aldi and Tesco.
The company employs around 100 staff, many of whom live in Totton and its surrounding areas.
Team leader Alan Morgan has been with the company for six years. As a result of not being paid following the administration has been struggling to put food on the table.
He said: “Totally devastated after six years.
“We had a text saying don’t come into work until further notice.
“Then we were told that they were looking for an administrator, then they…
What The News described Tuesday as ‘$8 million worth of financial problems’ has reportedly left Beasley in serious debt despite signing $59 million worth of NBA contracts over his career.
Beasley was considering a three-year $42 million deal to return to the Detroit Pistons when the team pulled the offer amid the federal probe, according to the Detroit News. Daily Mail has reached out to team spokespeople for confirmation.
He was sued on April 18 by his former agency, Hazan Sports…
ASIC’s annual insolvency data shows more than 11,000 companies entered external administration for the first time in 2023-24. While this is slightly higher than prior peaks seen in 2011–12 and 2012–13, it is proportionately smaller as there are now nearly 3.4 million companies in Australia compared to around two million in 2012.
The current ratio of companies entering external administration compared to the number registered (0.33%) is still below 2012-2013 (0.53%) levels.
Overall, the number of external administrations grew by 39% in 2023–24 compared to 2022–23. The top three industries – Construction (27%), Accommodation and Food Services (15%) and Other Services (9%) represented over half of total external administrations…
Australian logistics operator XL Express has entered voluntary administration, with advisory firm FTI Consulting appointed to manage the process and assess the future of the company.
The Queensland-based business, established in 1990, has built a national footprint in road transport and distribution over more than three decades. It is best known for operating a broad logistics network and for previously partnering with the Brisbane Lions AFL team as a co-major sponsor in the 2020 and 2021 seasons.
On 27 June, FTI Consulting was appointed to administer 16 entities linked to XL Express, including XL Express (Operations) Pty Ltd, XL Express (Distribution) Pty Ltd, XL Logistics Pty Ltd, TL Distribution Pty Ltd, and others trading under…
Controversial property developer Dean Franklin’s Formcrete Construction Ltd has gone into liquidation owing $7.5 million in spite of a Jack’s Point email to residents yesterday claiming the move was just “a strategic clean up.”
Creditors included in today’s first liquidators report include the IRD (owed $2.449 million in GST and PAYE) and over $250,000 to local suppliers including Todd Walker Law, Windsor Doors in Cromwell, Queenstown Scaffolding, Brazier Scaffolding,…
The principles guiding the court’s discretion in constituting a COI are well established, and the main goal is to ensure that the composition of the COI is fair, balanced, and conducive to the efficient supervision of the liquidation.
The Hong Kong Court recently handed down a decision (Re China Evergrande Group (in liquidation) [2025] HKCFI 1638) concerning the formation of a COI in the liquidation of China Evergrande Group (CEG). As at its liquidation, CEG was one of the world’s most indebted property developers—its main offshore liabilities included over USD14 billion outstanding principal under notes issued by CEG (CEG Notes) and private debts of over USD4bn.1
The decision not only puts under the spotlight the issue of…
