Corporate insolvencies increased 22% year-on-year in the first quarter, jumping from 120 to 146, according to the latest figures from Deloitte. However, insolvencies fell from 152 in the previous quarter, so a forecasted increase in corporate insolvency activity has as yet failed to materialise. David Van Dessel, partner for financial advisory at Deloitte, said the…
Corporate insolvencies in the Republic rose by 22 per cent in the first quarter of 2023, according to Deloitte. The consultancy said there were 146 business failures recorded in the first three months of the year, up from 120 in the same quarter last year. However, Deloitte noted the number of insolvencies was marginally down…
April 12 (Reuters) – Future Retail Ltd: * FILED APPLICATION BEFORE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI SEEKING EXCLUSION FROM CORPORATE INSOLVENCY RESOLUTION PROCESS * SOUGHT EXCLUSION FOR 90-DAY PERIOD Source text for Eikon: Further company coverage: Read the full article at: https://kalkinemedia.com/in/business-news/business-assets/brief-future-retail-seeks-exclusion-from-corporate-insolvency-resolution-process-for-90-day-period
Reuters. FILE PHOTO: People walk across London Bridge during the morning rush hour, with London’s financial district in the background, in London, Britain, April 13, 2023. REUTERS/Henry Nicholls LONDON (Reuters) – More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official…
Construction on more than 700 homes has been put on hold in Victoria as another construction firm enters voluntary administration. Mahercorp, the parent company of builders Eight Homes and Urbanedge Homes, has informed clients that construction will be suspended for more than a month as administrators work to restructure the business. This development follows the…
For months, Anthony Morgan and his partner Hayley Thornley have driven their five young children past the block where their new family home is being built. Their kids, aged between two and 11 and who all have disabilities, were excited as the concrete foundations were laid at the block in Lara, outside Geelong, and when…
Construction on more than 700 homes has been put on hold in Victoria as another construction firm enters voluntary administration. Mahercorp, the parent company of builders Eight Homes and Urbanedge Homes, has informed clients that construction will be suspended for more than a month as administrators work to restructure the business. This development follows the…
Yet ANOTHER Aussie home building company goes into administration but says it has ‘not collapsed’ as the construction industry faces dire conditions Mahercorp enters voluntary administration CEO said he was restructuring the business Construction has been paused by creditors By Bridie Pearson-jones For Daily Mail Australia Published: 17:01 AEST, 21 April 2023 | Updated: 21:19 AEST,…
Work on more than 700 Victoria homes has been halted after another construction company went into administration in another blow to the states struggling building industry. Mahercorp announced late Friday it had entered voluntary administration and building works would cease for more than a month while administrators consider restructuring the business. The announcement came just…
As a result of the escalating cost pressures, construction firm Mahercorp has decided to enter voluntary administration. Mahercorp, the parent company of Eight Homes and Urbanedge Homes, will halt the construction of approximately 730 homes while working with administrators. The development follows the collapse of Porter Davis, which left uninsured customers stranded. In a statement…