Major building company St Hilliers has called in voluntary administrators, as strain continues in the Australian construction industry. A telephone statement from the group said Allan Walker of WLP Restructuring had been appointed to oversee investigations into the future of St Hilliers and six other entities. “The administrator is now in control of each of…
Major building company St Hilliers has called in voluntary administrators, as strain continues in the Australian construction industry. A telephone statement from the group said Allan Walker of WLP Restructuring had been appointed to oversee investigations into the future of St Hilliers and six other entities. “The administrator is now in control of each of…
Major building company St Hilliers has called in voluntary administrators, as strain continues in the Australian construction industry. A telephone statement from the group said Allan Walker of WLP Restructuring had been appointed to oversee investigations into the future of St Hilliers and six other entities. “The administrator is now in control of each of…
The Insolvency and Bankruptcy Board of India has removed the restriction preventing the same insolvency professional from participating in both the resolution process for a company and for its individual guarantor. This will reduce the risk of misrepresentation and concealment of information, as the same RP would be involved in both processes, according to Alay…
The corporate regulator has given the red card to convicted soccer shirt swindler Mark Donnellys Pommy pension investment company amid clams that clients funds were intentionally and systematically misappropriated. In a successful application to have Mr Donnellys Brite Advisors Pty Ltd put into liquidation, the Australian Securities and Investments Commission claimed this alleged abuse of…
Corporate insolvencies were up almost 14 per cent in 2023 a trend which is likely to continue through the coming months unless the economic picture improves, according to trade body R3. New data from the governments Insolvency Service has shown 25,158 seasonally adjusted corporate insolvencies last year. Promisingly though, personal insolvencies for 2023 were down…
By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 10:50 AEDT, 5 February 2024 | Updated: 21:05 AEDT, 5 February 2024 One of Australia’s biggest construction companies has stopped work in three states and appointed administrators as higher interest rate… Read the full article at: https://www.dailymail.co.uk/news/article-13044929/One-Australias-biggest-construction-companies-stops-work-plunges-administration.html
Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted listed infrastructure development company SKIL Infrastructure under the corporate insolvency resolution process (CIRP) following an application filed by its financial creditor Amluckie Investment Company.The tribunal has also appointed Purusottam Behera as its resolution professional. “The moratorium shall have effect from the date…
A personal view from Ian Stewart, Deloittes Chief Economist in the UK. A recurring theme in the Monday Briefing over the last year has been the unexpected resilience of Western economies, including the UK. Employment has held up surprisingly well, housing markets have softened, not collapsed, and there is little obvious distress in financial markets.…
In short: Major building company St Hilliers has called in voluntary administrators. Work has been paused work at 21 construction sites while administrators undertake an assessment of its finances and operations. What’s next? The first meeting of creditors is expected to be held within the next two weeks Major construction company St Hilliers has been placed into voluntary…