Sir Philip Green has faced questions in parliament over his role in the collapse of BHS Private and publicly listed companies should face the same level of scrutiny, according to MPs demanding sweeping reforms to corporate governance following the collapse of BHS. The work and pensions committee said the Government could prevent another corporate crisis…
What has happened to our National Health Service? Nine out of 10 NHS trusts said their hospitals had been at unsafe levels of overcrowding. A&Es have an average waiting time of 14 hours. And 60,000 people wait on trolleys for up to 12 hours to get a bed. These arent just statistics. Theyre your frightened…
Cape Town cruise cancellation: Be sure your travel insurance covers insolvency. Photo: iStock TIP OF THE WEEK SINKING FEELING I agree with “Bitter Pills” (Tip-o-meter, January) regarding travel insurance and have a recent experience that everyone should be aware of. A year ago we booked a “Voyages of Discovery”, Singapore to Cape Town cruise and flights…
Readers’ travel tips: Travel insurance and insolvency Say goodbye to your $32,000 if you haven’t taken out the right travel insurance. Photo: iStock Cape Town cruise cancellation: Be sure your travel insurance covers insolvency. Photo: iStock exit TIP OF THE WEEK SINKING FEELING I agree with “Bitter Pills” (Tip-o-meter, January) regarding travel insurance and have…
BDO insolvency experts Michael Jennings and Brian Murphy were appointed administrators to the company in a High Court hearing on Tuesday A Co Armagh concrete company has gone into administration after nearly 40 years in operation. Administrators from business advisory firm BDO have been appointed to run Cootes (Concrete Products Ltd) on Redrock Road in…
ADMINISTRATORS of struggling macadamia processing and sales company Macaz will seek offers from interested buyers next week after investigations revealed mounting debt, poor management and legal challenges. Condon Associates Group managing principal Schon Condon said he wants to sell the company as a whole rather than auction off equipment to save jobs and business opportunities…
KOLKATA: While Innoventive Industries moved the Bombay High Court against the bankruptcy law, the Insolvency & Bankruptcy Board of India has registered six other cases including one involving Vijay Mallyas UB Engineering to begin insolvency resolution process against these companies, ushering in a new era in Indias dealing with sick businesses. ICICI Banks application for…
In recent weeks it was revealed that AIB is planning to purge many of its non performing loans from balance sheets. In advance of the banks planned privatisation, media reports last month suggested that the bank is also pursuing debtors through the courts. However, AIB is not alone and there are fears that 2017 might well become the…
Insolvency firm McTear, Williams and Wood’s business distress index. Archant Increasing economic pressure could push struggling businesses over the edge in 2017, an expert has warned. … Read the full article at: http://www.edp24.co.uk/business/insolvency_may_hit_more_of_region_s_firms_in_2017_1_4882859
Annabel Whittaker & Nicky Calthrop-Owen