Almost a quarter (22 per cent) of FTSE 350 defined benefit (DB) schemes with rated sponsors face a 50 per cent chance of corporate insolvency before they reach buyout, according to analysis from Hymans Robertson. The analysis, which was part of the companys annual FTSE 350 DB Report, added that almost half of schemes (43…
The search for Christmas stocking stuffers is well and truly afoot. For those who leave Christmas shopping until the last minute or have the chore of buying for a fussy loved one, gift cards are usually an ideal solution. Consumer group Choice says our obsession with gift card-giving sees Australians spend roughly $2.5 billion on…
“We will continue to pursue this proceeding as a primary initiative of the organisation. I hope that in the time ahead we can propose a Deed of Company Arrangements that will see creditors paid amounts owing to them, from the proceeds that flow from our court case against iNSW “My primary goal as I look…
A travel company that organised overseas school trips has collapsed into liquidation, owing more than $2 million to hundreds of high school students. David Coyne from BRI Ferrier was appointed as liquidator of Educational World Travel (EWT) on November 30. The business has been operating overseas trips for school students, including its GDay USA program,…
Dubai-based online marketplace for mothers and children, Sprii, has hired Guy Wall of Grant Thornton as the companys liquidator after its dual quest of raising additional funding and selling the business, went south. A board resolution passed on December 6 has formally placed the company into liquidation. I have been advised that the liquidator is…
Dubai-based baby products ecommerce platform Sprii has been placed into liquidation after running out of cash,MENAbytes has learned. A board resolution was passed to place the company into liquidation, appointing accounting firm Grant Thornton as its liquidator. Spriis founder and CEO Sarah Jones wrote a letter to stakeholders informing them about the decision. As a…
Author: Ellora MacPherson, Chief Investment Officer at Harbour Litigation Funding December 7, 2020 The whos who of doomed retailers makes for stark reading. And similar stories can be found in many economies around the world. There is no denying that while the pandemic has hit many sectors hard, high street retailers have suffered significantly with…
Bradley Wiggins has placed a third company into liquidation with debt of 141,000 following the liquidation of two other companies back in late October. The 2012 Tour de France winner has wound up a company named 101 Ride Limited, of which the sole director is his estranged wife Catherine Wiggins. It’s not clear what purpose…
Hundreds of Australian students were facing the collective loss of more than $2 million they paid in advance for overseas school trips after a travel company went into liquidation. Key points: A firm has been appointed liquidator for Educational World Travel (EWT), being used to organise end-of-year student tours to the United States for 2021.…
Pensions schemes with sponsors facing severe economic difficulties due to Covid-19 must prepare for the lifting of temporary protections from corporate insolvency at the end of the year, Aon says. Pensions schemes with sponsors facing severe economic difficulties due to Covid-19 must prepare for the lifting of temporary protections from corporate insolvency at the end…