Ellume plucked out of administration via $57m sale – Business News Australia

Brisbane-based rapid COVID-19 test maker Ellume has been plucked out of administration by competitor Hough Consolidated in a USD$38 million (AUD$57 million) deal, which will also give the buyer ownership of a fast-growing US subsidiary. The deal also gives Hough access to Ellume’sfluorescent immunoassay technology that can generate results in the space of 15 minutes,…

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Rowanmoor administrators agree sale with Alltrust – Money Marketing

The joint administrators of Rowanmoor Personal Pensions Limited have exchanged contracts with Alltrust Services Limited for a sale of the firms assets. Alltrust is an established provider of trusteeship and administration services for various types of pension scheme. The deal is expected to complete in February 2023. Rowanmoor Personal Pensions Limited is a Sipp and…

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Debt Consolidation Market Projected To Garner Significant Revenues By 2030 – Digital Journal

Market Research, Inc. published a new Report on Debt Consolidation Market, taking into consideration new trends, opportunities, risk factors, challenges; market Drivers along with its segmentation. Our research experts have prepared this report with help of Porter Five PESTLE Analysis, SWOT Analysis as well as by conducting primary interviews and secondary research techniques. This report…

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Cost-Of-Living Crisis Drives Searches for Debt Help Across the UK – The Fintech Times

MoneySuperMarket, the price comparison website, has published its findings on Brits awareness of debt help. As the cost-of-living crisis continues, many are finding themselves to be struggling financially. However, few are aware of the support that is available to them. In addition to the surveys uncovering reasons for debt and awareness of help, MoneySuperMarket also…

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Darwin’s $515 million ship lift project in question after contractor Clough falls into voluntary administration – ABC News

Fresh doubt has been cast over the future of a half-a-billion-dollarNorthern Territory government project after the collapse of one of the major companies involved. Key points: A major contractor on the $515 million ship lift facility has entered administration The project has already faced delays and a $115 million cost blowout Critics of the projectare…

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Low IBC recoveries are a worry. But solutions lie in cutting court delays, not blaming CoC – ThePrint

There are concerns that lenders have had to take largehaircutson firms that go through the Corporate Insolvency Resolution ProcessorCIRPunderthe Insolvency and Bankruptcy Codeor IBC. The unease over low recoveries resulted in the National Company Law Appellate Tribunal, orNCLAT,orderingrestartingof aconcludedresolution processof Videocon Industries in January this year. Revisitingcommercial decisions taken by the Committee of Creditors (CoC)…

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