The total company failures for 2023 exceed 25,000 for the first time in 15 years, signalling the toughest business climate since the economic crash in 2009. Before the first lockdown in 2020, there were 1,119 company insolvencies in December 2019, one year later the figure was slightly higher at 1,235. However, typically for December the…
If you are a homeowner who has built up debt over Christmas then read on, as mortgage broker, Sarah Tinkler, has some helpful advice on how to manage your finances The beginning of a new year is always a good time to start afresh and reflect on any changes you may want to make and…
By David Milliken LONDON (Reuters) – Company insolvencies in England and Wales look on track to hit a 30-year-high in the final three months of 2023 despite a sharp drop in December, official figures suggested on Tuesday. The government’s Insolvency Service said 2,002 companies were declared insolvent last month, 2% more than a year earlier…
Zee-Sony merger: The Supreme Court on Tuesday upheld the Delhi High Court’s ruling to refer the Rs 150 crore dispute between Aditya Birla Finance and Siti Networks to arbitration. The high court had appointed former Supreme Court judge Justice LN Rao as the sole arbitrator. Aditya Birla Finance had alleged that Siti has not settled…
The number of Australian construction companies hitting the wall continues to soar, with almost 1,400 businesses collapsing in the second half of 2023. The latest numbers released this week by the corporate regulator, Australian Securities and Investments Commission (ASIC), revealed that 29 per cent more companies folded than in the same period in 2022. Overall…