Insolvency figures for April have shown a marked increase, says South and Thames Valley region of R3, the trade body for restructuring and insolvency professionals. New statistics for England and Wales show corporate insolvencies were up almost 20% compared with both March 2024, and with April last year. Data from The Insolvency Service also showed…
Hannah Hammoud Less than 15 months after the multi-million dollar Sunshine Private Hospital was officially unveiled, the hospital is now closed and has entered into voluntary administration. ABC Radio Melbourne reported on May 28, that the Sunshine Private Hospital was cancelling surgeries and relocating patients as it was placed into voluntary administration. Health Worker Union…
Proform Foods, Australias first commercial plant protein manufacturer whose investors include Twiggy Forrests Harvest Road, has gone into voluntary administration. The Proform group of companies will continue to operate as normal while administrators Gayle Dickerson and James Dampney from KPMG Australia assess the business. The companies subject to administration are Proform Food Group Pty Ltd,…
In the Indian banking sectors chase towards better NPA and distressed asset resolution governance, the Insolvency and Bankruptcy Code is a good tool. It surely has brought increased corporate accountability to the overall system. Especially considering what it has achieved so far and what it has taught as limitations so far. The first objective of…
2 hours ago Matthew Barlow,BBC News, Derby Leigh Timmis A bicycle manufacturer is to enter voluntary liquidation after almost 80 years crafting and designing bicycle frames. Mercian Cycles, based in Derby, launched in 1946 and has continued to create bespoke bikes by hand throughout its history. Its products have been used by cyclists who have…
Sunshine Private Hospital in St Albans is cancelling surgeries and relocating patients as it is placed into voluntary administration. First on ABC Radio Melbourne Drive, administrators say there was no funding available to continue operating the hospital, which only opened last year. Dr Gareth Weston, a Monash IVF Fertility Specialist who works at Sunshine Private, told…
Building costs and skilled worker shortages have forced a Central Coast construction company into voluntary administration. Stevens Constructions has worked on luxury projects across the region since 2006. Read the full article at: https://www.nbnnews.com.au/2024/05/29/central-coast-construction-company-enters-voluntary-administration/
A string of Brisbane bakeries and other hospitality venues run by award-winning chef Shannon Kellam have shut down, with the company behind them collapsing and 90 staff losing their jobs. Kellam’s BCN Events Group, which runs a number of hospitality businesses including King Street Bakery and Mica Patteserie, called in Mark Holland, Jamie Harris and…
Fruit and vegetables have recorded their largest annual price rises in a year, increasing by 3.5 per cent. The Australian Bureau of Statistics has today released its latest annual inflation data, revealing that increases in food, housing, alcohol and transport costs have driven inflation to 3.6 per cent. Fruit and vegetable prices have recorded their…
RUMOUR CONFIRMED Last Friday, The Rumour File was alerted to a private hospital which had entered voluntary administration. It was confirmed this morning, with hospital management forced to cancel surgeries and move patients to other hospitals. Press PLAY to hear the full story on The Rumour File Image: iStock Read the full article at: https://www.3aw.com.au/private-hospital-in-melbournes-west-enters-voluntary-administration/