The collapse of British Steel Limited, with the potential loss of at least 5,000 jobs, has once again exposed deep fault lines in the governments laissez-faire economic ideology and in Britains shareholder-centric model of corporate governance. The government clings to its do-nothing approach, justifying its rejection of financial support, a bailout or public ownership of…
Asset Backed Management Limited was wound up on 7 May 2019 by Judge Barton at the High Court in London following an investigation by the Insolvency Service. The Official Receiver has been appointed as liquidator. The court heard that Asset Backed Management, incorporated in January 2017, sold asset investment opportunities to members of the public,…
The U.K. High Court on Wednesday placed British Steel Ltd. into compulsory liquidation after the steel maker failed to obtain last-minute rescue funds from the government. The company, which employs more than 5,000 people, will continue operating while the governments Official Receiverthe liquidatorexplores options for the business, including a potential sale, according to a spokesman…
Liz Wells, May 23, 2019 THE financial position of Dalgrains has been clarified by Worrells Solvency & Forensic Accountants, with partner Adam Ward last week appointed as its liquidator, and the company this week advising Dalgrains records indicate it traded profitably for a number of years from its office in Dalby. It would appear that…
British Steel, the U.K.s second-largest steelmaker, has gone into liquidation, blaming uncertainty over Brexit for its demise. The British government is now in control of the company after declining to provide it with a 30 million pound bailout and the search for a buyer has already begun. British Steels private-equity owner, Greybull Capital, said its…
news, local-news, winemaking tasmania, wine, administraion, producer, cider, tasmania Winemaking Tasmania has been placed into voluntary administration. The Tasmanian wine and cider producer has entered the administration with the appointment of Andrew Yeo and David Vasudevan of Pitcher Partners. Mr Yeo and Mr Vasudevan will oversee continued trading of the company while an independent assessment…
Business Secretary Greg Clark Thousands of jobs on line as British Steel goes into liquidation BelfastTelegraph.co.uk British Steel has gone into liquidation, threatening thousands of job losses amid revelations that it would have run out of cash by the end of the week. https://www.belfasttelegraph.co.uk/business/northern-ireland/thousands-of-jobs-on-line-as-british-steel-goes-into-liquidation-38138933.html https://www.belfasttelegraph.co.uk/incoming/article38139952.ece/ee772/AUTOCROP/h342/P35ClarksteelPOLITICSC7.jpg Email British Steel has gone into liquidation, threatening thousands of…
During a ceremony to celebrate the resurrection of British Steel almost three years ago, a flag bearing its new logo was proudly raised at the entrance to the Scunthorpe steelworks. In not too long, it may be flying at half-mast. The company entered insolvency on Wednesday after talks failed between its lenders, private equity owner…
Subj:Disclosure under Regulation 30(2) read with Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 – Brief Particulars of Invitation of Resolution Plan of Punj Lloyd Limited Dear S/M, Pursuant to Regulation 30 (2) of Securities and Exchange Board Of India (Listing Obligations & Disclosure Requirements) Regulations, 2015…
This is to inform you that the 16th Meeting of Committee of Creditors (CoC) was held on 15th May, 2019. In the meeting, the revised bids submitted by the Resolution applicants were placed before the COC members. After discussions on the Revised Bid and meeting with representatives of both Resolution Applicants i.e. SOM Distilleries Pvt…