Mr Greensill was recruited by a former colleague at Morgan Stanley, Jeremy Heywood, who by 2011 was back in government as cabinet secretary, the governments most senior mandarin. Lord Heywood died of cancer aged 57 in 2018. Mr Boardman said Lord Heywoods initial appointment of Mr Greensill for a three-month stint in early 2012 followed…
DetailsTo file or not to file for bankruptcy? Its a question that no business leader wants to consider, but sometimes its necessary. Indeed, given the challenges and uncertainties of the last 16 months, it has been a top-of-mind issue for many companies across different economic sectors. In 2020, according to data from Epiq AACER, Chapter…
DetailsNOWADAYS THE Bank of England, like most rich-country central banks, has two main functions: maintaining monetary stability and ensuring the soundness of the financial system. For most of its life, though, it was also responsible for managing government debt. (Thankfully, the original reason for the banks creation in 1694, to raise money for carrying on…
DetailsThis comes after the Insolvency Service reported a 63% increase in corporate insolvencies in June 2021 when compared to the same month in 2020. Commenting on this news, insolvency practitioner PKF GMs director Oliver Collinge, said: This trend of rising corporate insolvency numbers has long been predicted and we expect it to continue as government…
DetailsCelebrity Esports has gone into liquidation, months after securing partnership deals with the likes of Grenade, Primark and NOW, among others. The company, founded by Leo Skagerlind, was launched in March 2020 and looked to appeal to a wider audience with esports by using celebrities to take part in tournaments. In January 2021, Celebrity Esports…
Detailsnews, local-news, Goulburn, Heron Resources, Tarago, Woodlawn Mine, administration, FTI Consulting A company that was aiming to revive copper and zinc mining near Tarago has entered voluntary administration. Heron Resources notified the Australian Securities Exchange (ASX) of its decision on Friday. It followed failed attempts to secure what it described as a “suitable transaction” for…
DetailsGCUKs administration process is not due to end until at least March 7, 2022, and is likely to be extended. On the basis that the GCUK administrators do not indicate an earlier date of insolvency in relation to GCUK, we consider that the company became insolvent on or around 2 March 2021, which coincided with…
DetailsThis comes after the Insolvency Service reported a 63% increase in corporate insolvencies in June 2021 when compared to the same month in 2020. Commenting on this news, insolvency practitioner PKF GMs director Oliver Collinge, said: This trend of rising corporate insolvency numbers has long been predicted and we expect it to continue as government…
DetailsThe number of corporate insolvency cases admitted in tribunals stayed low at 164 in the three months ended 30 June despite the governments decision to lift the one-year moratorium on creditor action against defaulters in March. This is expected to offer relief to the government, which decided to lift the suspension on 25 March amid…
Detailsnews, Goulburn, Heron Resources, Tarago, Woodlawn Mine, administration, FTI Consulting A company that was aiming to revive copper and zinc mining near Tarago has entered voluntary administration. Heron Resources notified the Australian Securities Exchange (ASX) of its decision on Friday. It followed failed attempts to secure what it described as a “suitable transaction” for the…
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