Debt-laden companies across Europe, Middle East and Africa face a $500 billion refinancing scramble in the first half of 2024, a challenge that could kill off many zombie businesses even though an expected peak in rates could bring some relief. Businesses facing rising debt costs after years of low rates will have to compete to…
Australian Grainlinks assets include the Western Riverina Intermodal Freight Terminal at Wumbulgal near Griffith, where stakeholders including then NSW Minister for Regional Transport Sam Farraway, pictured at centre wearing hat, gathered in February 2023 for a NSW Government funding announcement. Photo: Sam Farraway AFTER entering voluntary administration in June, four Grainlink entities have been purchased…
Small businesses are most vulnerable to economic shocks but their rising insolvency rates pose little threat to the overall financial system, according to the RBA. The bank, in its biannual Financial Stability Review released Friday, said small businesses needed to manage their finances carefully as high interest rates, costs and slowing demand had put a…
Mumbai: The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Swan Energy, the successful resolution applicant of debt-laden Reliance Naval and Engineering, to pay 250 crore upfront before seeking any further extension to complete the corporate insolvency resolution process. A bench led by Justice Chitra Hankare held that From the application, it…
Rainwater tank manufacturer Camel Tanks will be liquidated with more than $2.5m in debt owed to its creditors. The company was placed into voluntary liquidation on September 21 and it was decided that there was no way it could trade itself out of trouble. Worrells accountant Adam Ward has been appointed to liquidate the company.…
There has been one company liquidation notice in the Boroondara Local Government Area today and 62 for the past year. Today’s liquidations: Connor Pincus Group Pty Ltd, ABN: 62132246292, Main Business Location: VIC 3124, Notice Date: October 6, 2023, Liquidator: Ian Graham Grant News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows…
There have been two company liquidation notices in the Port Stephens Local Government Area today and 46 for the past year. Today’s liquidations: Tbs Construction Services Pty Ltd, ABN: 87130315721, Main Business Location: NSW 2316, Notice Date: October 5, 2023, Liquidator: Bradd William Morelli Gormo’S Mechanical Repairs & Services Pty Ltd (In Liquidation), ABN: 88621412262,…
There has been one company liquidation notice in the Gold Coast Local Government Area today and 255 for the past year. Today’s liquidations: Prestige Landscaping Pty Ltd, ABN: 25651433420, Main Business Location: QLD 4214, Notice Date: October 6, 2023, Liquidator: Jason Tang News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the…
There has been one company liquidation notice in the Whitehorse Local Government Area today and 34 for the past year. Today’s liquidations: O’Life Holdings Pty Ltd, ABN: 74608869969, Main Business Location: VIC 3128, Notice Date: October 5, 2023, Liquidator: Simon Patrick Nelson News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the…
Rainwater tank manufacturer Camel Tanks will be liquidated with more than $2.5m in debt owed to its creditors. The company was placed into voluntary liquidation on September 21 and it was decided that there was no way it could trade itself out of trouble. Worrells accountant Adam Ward has been appointed to liquidate the company.…