Feb 5, 2024 12.16pm Sydneys St Hilliers has put its building business into administration repeating a move it made 13 years ago saying cash injections worth more than $32 million over the past year and a half were not enough to keep the business going. WLP Restructuring, the administrators, said they had paused work at…
Building giant St Hilliers has gone into voluntary administration in yet another blow to Australia’s beleaguered construction industry. Glenn Livingstone and Alan Walker of WLP Restructuring were yesterday appointed as administrators for seven entities within the group’s construction division St Hilliers Contracting. Property development and investment arm St Hilliers Property is not affected. Building giant…
Mumbai: Vadraj Cement, which was stuck in liquidation for more than five years under the Bombay High Court, has been shifted to the National Company Law Tribunal (NCLT) for debt resolution, giving lenders a glimmer of hope to recover more than half of their dues.Budget 2024 Budget at a glance: Your 2-minute guide to become…
UKs Small Robot Company (SRC) proceeds into liquidation. The technology of the company delivered value at a profit, with customers waiting, but could not secure the required investment to scale. According to SRC on LinkedIn they had a signed Term Sheet, but the investment did not land before the runway ended. Looking back SRC mentioned…
Share this article Halo Foods Tonik brand of protein shakes. Credit: Facebook Halo Food, the New Zealand-headquartered business that appointed administrators in August, has gone into liquidation. Given the companys listing in Australia, the registered operations in that country Halo Manufacturing, Halo Food Co. and Omni Brands are included in the liquidation process, which was…
A new year brought new hires for Indias legal market. Dentons Link Legal, ANM Global, Emerald Law Offices, and Kochhar & Co continued their hiring streaks, and Rajaram Legal, SKV Law Offices, and AKS Partners welcomed new additions on board. Disputes and aviation specialist Petrushka Dasgupta joined Dentons Link Legal as a partner in Mumbai…
Real Estate What the collapse of a company owing $300 billion means for the world Huileng Tan 2024-02-03T12:34:01Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting.…
Feb 2, 2024 Friday bulletin: Shepp store goes into voluntary administration. Good morning Shepparton. Hold tight – were checking permissions before loading more content Cadet Journalist Read the full article at: https://www.sheppnews.com.au/news/friday-bulletin-8/
Corporate insolvencies in the UK surged by almost 14 per cent during 2023 according to R3. 25,158 corporate insolvencies were recorded last year, a rise of 13.7 per cent from 2022’s figure of 22,123. The figure also represents a rise of 78.9 per cent from the 14,059 cases reported in 2021 and a 46.6 per…
The long list of Australian businesses to collapse in the past few months has claimed another big scalp after Majestic Cinemas entered into administration. The business announced it had gone into voluntary administration on January 31 following a turbulent period. It has been affected by the COVID-19 pandemic, cost-of-living pressures as well as natural disasters…