The former finance director of the collapsed outsourcing company Carillion has been banned from serving as a company director for 11 years over his role in the company dishing out dividends of more than 50m while misstating its financial position by more than 200m. The outsourcers implosion in 2018 was one of the most high-profile…
DetailsPRESS RELEASE Published July 3, 2023 The global corporate insolvency services market stands at US$ 12.1 billion in 2022 and is anticipated to progress rapidly at a CAGR of 5.4% to reach a market valuation of US$ 20.5 billion by 2032-end. Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Corporate Insolvency Services market. The…
DetailsPresident Joe Biden announced in 2022 that he would use executive action to forgive billions of dollars in government-backed student debt. The move was meant to alleviate the weight of $1.8 trillion in federal education debt, a figure that has more than tripled in the last 15 years. But then the Supreme Court struck down…
DetailsPaul McDougall, Alexander Hogg, Craig Allison and Rory McCall of Wylie & Bisset (Image: Wylie & Bisset) Scottish accountancy firm Wylie & Bisset has announced a raft of promotions across its audit, business advisory services, insolvency, payroll, and tax departments. Having helped significantly grow the fee income and client base of the Glasgow-based firm’s external audit…
DetailsBy Rachel Eddie Updated July 1, 2023 8.00pmfirst published at 6.13pm Normal text sizeLarger text sizeVery large text size Victorians left out of pocket by failed builders shed tears of relief on Saturday night after the state government expanded its rescue package triggered by the collapse of Porter Davis to compensate an extra 400 customers.…
DetailsHaving helped significantly grow the fee income and client base of the Glasgow-based firm’s external audit team in recent years, Sandy Hogg and Rory McCall have been promoted to associate director as part of the firms strategy to strengthen its management team to enhance clients services. Mr Hogg works with a range of clients across the…
DetailsThe decision will affect national supermarket chains such as Aldi, Woolworths, and Coles. Credit: Olga Miltsova via Shutterstock. The Australian Competition and Consumer Commission (ACCC) has confirmed that it has granted conditional authorisation to supermarket chains to help continue their collaborative efforts to manage soft plastics stockpiles. This authorisation signifies that the countrys main supermarket…
DetailsBy Delisha Fernandes Today AI Algorithms AI Solutions Credit Card Debt management has become a significant concern for individuals and companies in the USA. Whether its credit card debt, or mortgages, managing and reducing debt can be a complex and overwhelming. Fortunately, the emergence of generative Artificial Intelligence (AI) companies has offered a new wave…
DetailsAs the Insolvency services tighten their belt and crack down on delinquent directors, it comes as no surprise that there is a sharp increase in the number of director disqualifications for frauds related to the Covid-19 Bounce Back Loans (BBL). The recent figures published by the Insolvency Service show that out of the total 932…
DetailsPrior to the bankruptcy, Codema was ‘seriously weakened’ by ‘poor management.’ This is the conclusion drawn by the trustee after completing its investigation into the causes of the bankruptcy. In a new report. Because of the problems that had arisen, work was necessarily taken on under cost price, resulting in high failure costs and mounting…
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