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…
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…
The former owners of a north Belfast home bakery have been banned from senior business roles for four years each after it collapsed, owing over £90,000 The former owners of a north Belfast home bakery have been banned from senior business roles for four years each after it collapsed, owing over £90,000. Husband and wife…
The Company also noted that, at its annual meeting of stockholders held on December 30, 2016, all nine existing directors were reelected to the Board. About NYRTNYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York…
UK firms that have gone bust since June are often citing Brexit as a factor behind their demise, insolvency practitioners (IPs) say. Some 45 per cent of IPs questioned by trade body R3 said Brexit has been mentioned by businesses seeking their help since the referendum. Related articles In addition, 30 per cent questioned said…
Winsley Militala Lovemore Zigara, Midlands CorrespondentTHE final liquidation of the countrys sole flint glass manufacturer, Zimbabwe Glass Industries (Zimglass) has been completed after efforts to revamp the company failed. The move paves way for the disposal of the companys assets, management said. Zimglass, a subsidiary of the Industrial Development Corporation (IDC), has been insolvent since…
THE decision by Queensland Rail to transfer eight contracts worth $20m held by Walton Queensland to the alleged phoenix company Peloton on the strength of a phone call three days before the builder went into administration has been referred to the Crime and Corruption Commission. The move comes after examination by Queensland Integrity Commissioner Richard…
As part of its simplification initiative, the Financial Accounting Standards Board last March issued new stock-based compensation guidance. The update provides private companies, when granting stock to employees, with a one-time election to switch from measuring all liability-classified awards at fair value to measuring them at intrinsic value. In contemplating whether to make such an…
The company entered voluntary liquidation on November 24. David Blenkarn and Gregory Palfrey, insolvency practitioners from accountancy firm Smith & Williamson, were appointed as joint liquidators for the winding up process. In a statement of affairs filing on Companies House, European debt purchaser Intrum Justitia is listed as a company creditor, to the value of…