To facilitate decision making, RSM Ireland work with business leaders and management to formulate objectives that provide direction and purpose, writes Paddy OConnell, head of Restructuring Advisory. Having survived Covid and following the withdrawal of government support measures, companies must now deal with inflationary cost pressures, rising interest rates, continuing supply chain issues, and labour…
DetailsPowerhouse Energy Group PLC (AIM:PHE) said the corporate restructuring it undertook in 2002 will lead to a stronger business heading into the future. During the year, Powerhouse switched from a model of licensing its technology to third-party developers to fixed annual licence fees. The company also recently took full control of its flagship Protos plastics…
DetailsA report by Rhodium Group, on Thursday (June 29) showed that the value of Chinese debt relief dropped by more than 50 per cent between 2021 and 2022. This comes as Beijing, the worlds largest bilateral creditor, has recently backed more multilateral efforts to standardise support for poor nations. The report about Chinese debt relief…
DetailsThe nations biggest supermarkets have been granted conditional authorisation to continue in-store soft plastics recycling operations following the suspension of the now defunct REDcycle program. The announcement was made by the Australian Competition and Consumer Commission (ACCC) on Friday, permitting the ongoing collaboration between Coles, Woolworths and Aldi to manage the soft plastics stockpile. The…
DetailsCompanies House Published 29 June 2023 Contents 1. Other statistics in this release 2. Main points 3. Impact of coronavirus (COVID-19) measures on the register 4. Changes in the companies register 5. Historic changes in register size 6. Age of companies on the register 7. Types of corporate body on the register 8. Overseas companies…
DetailsIt can be challenging to manage multiple debt accounts at once, but you may be able to find relief with a debt consolidation loan. They are readily available through traditional banks, credit unions and online lenders and come in two forms: secured and unsecured loans. Both secured and unsecured debt consolidation loans can help you…
DetailsAustralian PropTech company :Different has gone into voluntary administration, with KPMG set to sell the platforms assets and intellectual property. In a note to staff, :Different Co-founders Mina Radhakrishnan and Ruwin Perera said despite working hard to secure the additional funding needed to complete building and scaling the platform, they had been unable to secure…
DetailsThe ACCC has granted conditional authorisation to allow the major supermarkets to continue their collaboration to manage the soft plastics stockpile and resume in-store collections after REDcycle suspended its recycling operations. The ACCC previously granted conditional interim authorisation to Coles, Woolworths and ALDI in November 2022, which allowed the supermarkets to collaborate via the Soft…
Details:Different co-founders Mina Radhakrishnan and Ruwin Perera. Source: Supplied. Proptech startup :Different has entered into voluntary administration after failing to secure adequate funds to continue running the business. Documents listed by the Australian Securities and Investments Commission (ASIC) on Thursday show Amanda Coneyworth and James Stewart from KPMG have been appointed administrators of the company,…
DetailsAmid Restructuring, Canopy Takes $2.5 Billion Net Loss, But Sees Path To Profitability June 27, 2023 Ontario-based cannabis producer Canopy Growth saw sales decline 21% to C$403 million ($306m) in its fiscal year through March, with adjusted EBITDA registering a loss of C$350 million ($266m). The companys total net loss for the year came to…
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