Continental Breakfast: your daily update on whats happening in Europe. Law firms in the U.K. could soon face a glut of insolvency and restructuring work, with data suggesting that thousands of companies in the travel sector are at risk of going bust. Insolvency consulting firm Begbies Traynor says that 2,679 U.K. travel industry businesses are…
Sheffield domestic and commercial skip hire company Mr Rubble, known for its bright orange skips, has ceased to trade and has been placed into liquidation. Wilson Field has stepped in to handle matters at the recycling centre on Stevenson Road, with the loss of all 20 staff. Mr Rubble has traded since 2001 and had…
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…