ASICs latest insolvency data for the nine-month period from 1 July 2023 to 31 March 2024, released today, shows an increase in the number of Australian companies failing. During the period, 7,742 companies entered external administration, a 36.2% increase on the previous corresponding nine-month period ending 31 March 2023. Out of these external administrations, construction…
The 2nd Meeting of the Commonwealth Small States Advocacy Champions convened today in Washington DC on the sidelines of the International Monetary Fund (IMF) and the World Bank Spring meetings. Chaired by Hon. Camillo Gonsalves, Minister of Finance, Economic Planning and Information Technology, St Vincent and the Grenadines and attended by prominent ministers and high-level officials, the…
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The business has been forced to close -Credit:Google Maps A popular cheesecake shop has ‘permanently closed’ its doors after going into liquidation. Two branches of Artisan Cheesecakes, in Bruntsfield, Edinburgh, and Livingston in West Lothian, have shut to customers with immediate effect. The cafe was popular with locals for its homemade bread, fresh pastries and…
The Manchester based company held a meeting with creditors last week and has appointed Fortis Insolvency partner and insolvency practitioner Daniel Taylor. Creditors have been told that they must submit claims to Fortis. Brooksdale was set up in 2019 and has nine staff, headed up by sole director, Zeeshan Chaudary. A second director, Mohammed Yusuf…
The Manchester based company held a meeting with creditors last week and has appointed Fortis Insolvency partner and insolvency practitioner Daniel Taylor. Creditors have been told that they must submit claims to Fortis. Brooksdale was set up in 2019 and has nine staff, headed up by sole director, Zeeshan Chaudary. A second director, Mohammed Yusuf…
As Astros fan Saul Malek read the criminal complaint alleging interpreter Ippei Mizuhara stole more than $16 million from Dodgers superstar Shohei Ohtani to pay his gambling debts, Malek was less stunned by the enormity of Mizuharas sports betting habit than by how familiar his behavior felt. Malek, 26, is a recovering gambling addict. The rush…
Lakeland Dairies made a loss of 8.1 million last year, down from the profit of 24.5 million the previous year, on the back of weaker dairy market returns and a once-off 14.5 million charge related to the restructuring of its business. The cross-Border dairy group last year closed three plants and made over 50 staff…
Show Fullscreen FRANCE: Open access co-operative Railcoop is expected to be formally liquidated on April 29, the company President Nicolas Debaisieux has confirmed. The collapse of the co-operative comes after it was placed into judicial administration on October 16 for a period of up to six months. With this period now expiring, a hearing was…
In 2023, we saw an increase in both voluntary administration and receivership appointments in Australia. In the context of Australia’s economic climate this was unsurprising debtor companies were grappling with volatile markets, supply chain disruptions and uncertain economic conditions, and secured lenders were invoking either or both of these regimes as a means of protecting…