The Insolvency Service Published 13 October 2023 Contents 1. Data Sources 2. Methodology 3. Revisions 4. Quality Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National…
The Insolvency Service Published 13 October 2023 Contents 1. Main Messages for England and Wales 2. Things you need to know about this release 3. Company and Individual Insolvencies in England and Wales 4. Company Insolvencies in Scotland 5. Company and Individual Insolvencies in Northern Ireland 6. Data and Methodology 7. Glossary Print this page…
(Bloomberg) — A town nestled in the north west of England is paring a multi-million pound investment in the hedge fund Altana Wealth Ltd., a few months after a Member of Parliament criticized the local authoritys management of taxpayers money. The borough council for Warrington has begun exiting its 4.3 million ($5.2 million) position in…
LONDON, Oct 13 (Reuters) – Company insolvencies in England and Wales last month were 17% higher than a year earlier, government figures showed on Friday. The Insolvency Service said 1,967 companies were registered insolvent, according to the non-seasonally adjusted data, up from 1,688 a year earlier. “The increase in company insolvencies has been driven mostly…
A sign for Yellow Corp. trucking company stands outside its facility on July 31, 2023, in Nashville, Tenn. [AP Photo/George Walker IV] Two months after Yellow declared bankruptcy and laid off its more than 30,000 workers, the freight trucking companys former workers are still struggling to find work. Yellow declared bankruptcy in August after more…
12/10/2023 15:00 CBS / Nikki van Toorn Statistics Netherlands (CBS) reports that, adjusted for the number of court session days, there were 25 more bankruptcies in September 2023 than in the previous month; an increase of 9 percent. The trend in the number of bankruptcies has been upward for over a year. Over 60 percent…
MUMBAI, Oct 12 (Reuters) – Go First’s former owner, the Wadia Group, has not shown an intent to bid for the grounded Indian airline and has stayed away from the insolvency process so far amid an ongoing legal tussle, three sources told Reuters. Cash-strapped Go First filed for bankruptcy in May, blaming “faulty” Pratt &…
It’s been nearly five months since Wadia Group’s Go First airline went bankrupt. Amid the efforts to revive the airline, a billionaire has stepped forward as the only bidder for the bankrupt airline. metrorailnews That billionaire is 53-year-old Indian industrialist Naveen Jindal, who is the promoter of Jindal Power. He is understood to have put in an expression of interest…
The National Company Law Tribunal (NCLT) has admitted Indian Overseas Banks petition seeking initiation of a corporate insolvency resolution process against textile manufacturer Shrivallabh Pittie South West Industries. The tribunal appointed Avil Menzes as the interim resolution professional to take over the day-to-day affairs of the company. Indian Overseas Bank, one of the financial creditors,…
Naveen Jindal, the promoter of Jindal Steel and Power, is understood to have put in an expression of interest (EoI) to buy insolvent airline Go First, multiple highly placed sources close to the development told ET. The Wadia family-owned Go First is India’s first commercial carrier to have voluntarily sought bankruptcy protection.The EoI has been…