Dutch robot builder Honest AgTech was declared bankrupt by the District Court of Noord-Holland, The Netherlands. Earlier this year at the exposition Fruit Logistica in Berlin, the company in Delft introduced the first autonomous robot for applying UV-C in the greenhouse. The robot developer has filed for bankruptcy itself due to a liquidity shortage. A…
LegalPay, Indias first and largest third party litigation funding platform, has announced its second successful exit in the interim finance segment in last one year with 23% IRR (internal rate of returns). The interim financier based in Delhi-NCR has achieved a successful exit from its investment in SARE Gurugram Pvt Limited (Sare Gurugram) within a…
Posted July 04, 2023 | By Samuel Ord Former Queensland Chief Entrepreneur, Leanne Kemp, whose diamond-tracing company recently collapsed with nearly $AU10 million in debt, was once found to have acted in bad faith by a Federal Government agency. Queensland Premier Annastacia Palaszczuk appointed Kemp to the position in 2018 describing her business as a…
The former finance director of the collapsed outsourcing company Carillion has been banned from serving as a company director for 11 years over his role in the company dishing out dividends of more than 50m while misstating its financial position by more than 200m. The outsourcers implosion in 2018 was one of the most high-profile…
Paul McDougall, Alexander Hogg, Craig Allison and Rory McCall of Wylie & Bisset (Image: Wylie & Bisset) Scottish accountancy firm Wylie & Bisset has announced a raft of promotions across its audit, business advisory services, insolvency, payroll, and tax departments. Having helped significantly grow the fee income and client base of the Glasgow-based firm’s external audit…
By Rachel Eddie Updated July 1, 2023 8.00pmfirst published at 6.13pm Normal text sizeLarger text sizeVery large text size Victorians left out of pocket by failed builders shed tears of relief on Saturday night after the state government expanded its rescue package triggered by the collapse of Porter Davis to compensate an extra 400 customers.…
Having helped significantly grow the fee income and client base of the Glasgow-based firm’s external audit team in recent years, Sandy Hogg and Rory McCall have been promoted to associate director as part of the firms strategy to strengthen its management team to enhance clients services. Mr Hogg works with a range of clients across the…
The decision will affect national supermarket chains such as Aldi, Woolworths, and Coles. Credit: Olga Miltsova via Shutterstock. The Australian Competition and Consumer Commission (ACCC) has confirmed that it has granted conditional authorisation to supermarket chains to help continue their collaborative efforts to manage soft plastics stockpiles. This authorisation signifies that the countrys main supermarket…
As the Insolvency services tighten their belt and crack down on delinquent directors, it comes as no surprise that there is a sharp increase in the number of director disqualifications for frauds related to the Covid-19 Bounce Back Loans (BBL). The recent figures published by the Insolvency Service show that out of the total 932…
Prior to the bankruptcy, Codema was ‘seriously weakened’ by ‘poor management.’ This is the conclusion drawn by the trustee after completing its investigation into the causes of the bankruptcy. In a new report. Because of the problems that had arisen, work was necessarily taken on under cost price, resulting in high failure costs and mounting…