In short: The Dolphin Discovery Centre, in WA’s South West, has gone into voluntary administration. The centre has faced challenging times since the COVID-19 pandemic, including staff shortages. What’s next: The attraction will remain open, but there will be some changes to its hospitality operations. A major WA tourist attraction that allows visitors to interact with dolphins…
A 30-year-old building company has collapsed into voluntary administration, joining a long line of builders to follow the same path in the last 12 months. Cubitts Granny Flats and Home Extensions announced on Tuesday morning it made the devastating decision which has left the futures of its 80 staff uncertain. A meeting was held earlier…
Polestar has raised $950 million in debt financing as the struggling luxury EV maker seeks funding outside of its parent Geely to roll out key new models. The three-year loan facility from a syndicate of 12 banks will help bridge Polestars path to breaking even on cash flow, the company said Bloomberg Terminal Wednesday, a…
A 30-year-old building company has collapsed into voluntary administration, joining a long line of builders to follow the same path in the last 12 months. Cubitts Granny Flats and Home Extensions announced on Tuesday morning it made the devastating decision which has left the futures of its 80 staff uncertain. A meeting was held earlier…
Credit card debt can be overwhelming but with a forgiveness program you may be able to put it behind you faster than you think. Olga Yastremska, New Africa, Africa Studio / Getty Images Credit card debt forgiveness has been a hot topic as of late. With the federal funds rate target frozen at a 23-year…
A 30-year-old building company has collapsed into voluntary administration, joining a long line of builders to follow the same path in the last 12 months. Cubitts Granny Flats and Home Extensions announced on Tuesday morning it made the devastating decision which has left the futures of its 80 staff uncertain. A meeting was held earlier…
This article was co-authored by Victoria Hoon Why bother administering assetless companies? To a creditor, it may seem futile to administer assetless/ low-asset companies as any prospects of recovery are likely to be minimal. However, there are strong public interest considerations in ensuring that there are mechanisms to discourage poor corporate behaviour, deter illegal conduct…
Stay informed with free updates Simply sign up to the Accountancy myFT Digest — delivered directly to your inbox. The boss of struggling private equity-backed UK restructuring business Interpath Advisory, which was sold by KPMG in 2021, is set to leave. Chief executive Blair Nimmo will step down from Interpath in the spring, the company…
A 30-year-old building company has collapsed into voluntary administration, joining a long line of builders to follow the same path in the last 12 months. Cubitts Granny Flats and Home Extensions announced on Tuesday morning it made the devastating decision which has left the futures of its 80 staff uncertain. A meeting was held earlier…
A Mexican court has officially declared ABC Aerolneas, known as Interjet, bankrupt, marking the end of a tumultuous period for the airline which ceased operations over two years ago. The decision by Judge Sal Martnez mandates the liquidation of the airline’s assets under the supervision of trustee Gerardo Sierra Arrazola, excluding legally protected assets, to…