State-owned bus company Bus Éireann’s financial situation has worsened, and without urgent reforms it could face insolvency within 18 months, according to informed sources. Late last year, Minister for Transport Shane Ross briefed his Cabinet colleagues and said the company was at crisis point, and could become insolvent within 24 months. However, the latest figures…
Retail chain Howards Storage World has collapsed into voluntary administration just weeks before Christmas. Administrators from Deloitte were appointed to the retailer on Friday, December 9, with Vaughan Strawbridge and David Lombe appointed to manage the administration of four entities within the Howards Storage World group. The group operates 29 company-owned retail outlets in New…
A TRIO of pubs in and around Keighley have been returned to their landlords after the company that previously managed them went into liquidation. Liquidators have been appointed for the Victoria Road Pub Management Company Ltd, which had managed 18 pubs, including the Guide Inn, at Hainworth, the Fleece Inn, at Cullingworth Gate, and Worth…
A COMPANY owned by the chairman of Morecambe Football Club has gone into administration but the business will continue to operate. Property specialists Simon Thomas and Arron Kendal of London-based insolvency firm Moorfields have been appointed joint administrators over PMG Leisure Limited, run by Peter McGuigan. PMG Leisure ran the 3G football pitches behind the…
Written by Aniruddha Ghosal | Kolkata | Published:January 7, 2017 4:47 am West Bengal Chief Minister Mamata Banerjee. (Express Photo/Vishal Srivastav) Mamata Banerjees demand for a national government was triggered by the dissolving of the Bureau of Industrial Finance and Reconstruction (BIFR) and its appellate body, the Appellate Authority for Industrial Finance and Reconstruction (AAIFR)…
TAMPA, FL / ACCESSWIRE / January 6, 2017 / Trxade Group, Inc. (OTCQB: TRXD), a web-based market platform with over 6,700 registered independent pharmacy customers that enables its customers to quickly source and purchase pharmaceuticals, accessories, and services from a wide range of manufacturers and drug distributors, completed the first phase of a comprehensive restructuring…
Continental Breakfast: your daily update on whats happening in Europe. Law firms in the U.K. could soon face a glut of insolvency and restructuring work, with data suggesting that thousands of companies in the travel sector are at risk of going bust. Insolvency consulting firm Begbies Traynor says that 2,679 U.K. travel industry businesses are…
Sheffield domestic and commercial skip hire company Mr Rubble, known for its bright orange skips, has ceased to trade and has been placed into liquidation. Wilson Field has stepped in to handle matters at the recycling centre on Stevenson Road, with the loss of all 20 staff. Mr Rubble has traded since 2001 and had…
The directors of Diploma Group face an uphill battle to persuade 500-plus creditors owed more than $50 million to back the failed builders revival as a listed property developer. Administrators of three Di Latte family-controlled Diploma companies painted a bleak picture at creditors meetings yesterday, tipping no material benefits from the known assets of the…
A pub operator which owned 18 venues across Yorkshire has entered liquidation. Victoria Road Pub Management Company was behind sites in the Keighley, Bradford and Leeds areas. Mark Wilson of RSM Restructuring Advisory was appointed liquidator on 8 December 2016 after the company was hit by an inability to cover debts. It entered into a…