Former Irish rugby international Ronan OGara has claimed that his former business partner John ODriscoll fraudulently removed 15,725 in funds from their Cork pub business. Mr OGara, currently manager of the French rugby side La Rochelle, is challenging the personal insolvency arrangement of his friend and former UCC and Cork Constitution team-mate whom he backed…
Struggling online fashion retailerAsosPlc and its lenders are discussing whether to hire a restructuring expert following the departure of its chief financial officer. A number of turnaround professionals held informal talks about a role, which would sit below executive level, but no decision has been made, according to people familiar with the matter. Asoss lenders…
Boutique business advisory, restructuring and investment practice firm Resolve has been awarded corporate restructuring firm of the year at the Turnaround, Restructuring and Insolvency (TRI) Awards 2022 for the third year in a row. Resolve stated that the combination of economic and political headwinds have made this anunprecedentedly challenging year for small to medium sized…
Financially beleaguered Sapura Energy is battling hard to retain its status as a top flight Malaysian contractor to the oil and gas sector but the company admits to facing challenges in rebuilding its order book. Sapura said that is facing a drawback in efforts to rebuild its order book, given the limited access to bank…
The number of business failures has risen sharply this year compared after a precipitous decline in corporate insolvency rates during the pandemic due to the availability of various Government supports. Meanwhile, just 22 companies have availed of the new rescue procedure for small businesses, a Deloitte report has highlighted, a take-up rate of only 4…
Financially beleaguered Sapura Energy is battling hard to retain its status as a top flight Malaysian contractor to the oil and gas sector but the company admits to facing challenges in rebuilding its order book. Sapura said that is facing a drawback in efforts to rebuild its order book, given the limited access to bank…
Another major building company has announced it has gone into administration. NSW-based Elderton Homes informed customers on Monday afternoon the business had faced ongoing struggles, citing natural disasters and the nations economic conditions following the pandemic. Today Elderton Homes has made the difficult decision to appoint Administrators to manage its ongoing affairs, the designer home…
Financially beleaguered Sapura Energy is battling hard to retain its status as a top flight Malaysian contractor to the oil and gas sector but the company admits to facing challenges in rebuilding its order book. Sapura said that is facing a drawback in efforts to rebuild its order book, given the limited access to bank…
Financially beleaguered Sapura Energy is battling hard to retain its status as a top flight Malaysian contractor to the oil and gas sector but the company admits to facing challenges in rebuilding its order book. Sapura said that is facing a drawback in efforts to rebuild its order book, given the limited access to bank…
A New South Wales builder has plunged into administration after catastrophic weather events, the pandemic and the rising costs of materials made business too costly to continue. Elderton Homes announced it had appointed Liam Bailey and Chris Palmer of O’Brien Palmer as administrators today, citing the impact of several different events. “This has been a…