Queensland Nickel creditors and observers signing on at the meeting in Townsville on Friday. The company sacked 237 workers at its Yabulu refinery near Townsville earlier in January and is now in administration. Photo: ANDREW RANKIN Clive Palmer’s Queensland Nickel will require a capital injection of “tens of millions of dollars” to avoid liquidation unless there…
Seven Laura Ashley stores in Australia have been closed as the voluntary administration of the retail chain in Australia continues. The Australian arm of the homewares and clothing retail entered voluntary administration on January 7, at which time the chain was operated 38 stores in Australia. Administrators FTI Consulting confirmed this morning seven Laura Ashley…
The directors of a Chesterfield insolvency practice which started life as a hairdressing business have been handed ten-year bans for failing to ensure the company acted with commercial probity and in a competent manner. Lee Anthony Pitchford (aged 36) and Jason Pollard (aged 33) were directors of Chesterfield-based Baker Donald Ltd. The disqualifications, from January…
Xtra-vision: Company placed into liquidation and ceases trading By John Campbell BBC News NI Economics & Business Editor 27 January 2016 From the section Northern Ireland The Xtra-vision DVD rental chain has been placed into liquidation and will cease trading on Wednesday. According to its website, it has 11 branches in Northern Ireland though some…
RACHAEL KELLY/FAIRFAX NZ Gore building firm Price Bros Builders Ltd has gone into liquidation. A Gore building firm has gone into liquidation, owing more than $300,000 to secured and unsecured creditors. Price Bros Builders Ltd ceased trading several days before it was placed into liquidation by shareholder resolution on November 17, 2015. A liquidation report…
RACHAEL KELLY/FAIRFAX NZ Gore building firm Price Bros Builders Ltd has gone into liquidation. A Gore building firm has gone into liquidation, owing more than $300,000 to secured and unsecured creditors. Price Bros Builders Ltd ceased trading several days before it was placed into liquidation by shareholder resolution on November 17, 2015. A liquidation report…
The total number of Scottish business failures fell by 4 per cent last year, but there was a sharp rise in the final quarter. KPMG said that it had recorded 902 corporate insolvency appointments in 2015, down from 943 in 2014 and the high of 1,287 from 2011. However, there was an increase in liquidations…
The High Court has approved a $2.2 million (2 million) payment for an American law firm for fees due to it from a liquidated Irish company. The money for the Minneapolis-based Nilan Johnson Lewis (NJL) firm will be paid out of a sum of $4.5 million due to go to the liquidation of ECTG Ltd…
The board of directors of Australian Renewable Fuels (ARFuels), the countrys largest biodiesel producer, has placed the company into voluntary administration. Under Australian law, voluntary administration is a form of insolvency arrangement, which creates an opportunity for flexible approaches to bring about a better outcome for stakeholders than may otherwise occur in liquidation. The company…
Murray Wilson/FAIRFAX NZ Victory was one of the bars that had an arrangement with Hospo Bros, which is in liquidation. A Palmerston North-based bar management company with connections to pubs in various cities is unable to repay the $1.2 million it owes. The liquidators in charge of Hospo Bros have as good as completed their…