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 Milan bankruptcy court on Thursday declared the former ILVA steelworks at Taranto in Puglia insolvent, the necessary premise for the installation of special commissioner Giancarlo Quaranta to run the plant, now called Accaierie d’Italia (AdI), ahead of possible new foreign partners joining after multinational ArcelorMittal’s term ended acrimoniously. The declaration of insolvency, at the…
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…
Several of these factors contributed to the rising levels of formal insolvency appointments and distressed asset sales seen over the past year, which is likely to continue into 2024. In this article, we look back at, and think forward to, the trends and legal developments which businesses, insolvency professionals, accountants and investors need to be…
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…