About 50 workers at Fire prevention equipment company Fire Security Services have lost their jobs. Fire security equipment and services company Fire Security Services has gone into liquidation with the loss of about 50 jobs. The company, established in 1976, sold and serviced fire protection products such as sprinkler systems, fire alarms, portable fire equipment.…
DetailsRobert Steven Pacific T & R’s plant at Miro St, Taupo. A large Taupo employer has gone into liquidation weeks before Christmas, with all employees losing their jobs. Pacific T&R opened its Miro St plant in February 2015. It employed 44 people. The privately-owned company was breaking new ground; extracting rosin from pine tree stumps, which are…
DetailsWith all eyes in the contractor sector on IR35 reform, its easy to miss a pledge at Autumn Statement 2016 to develop HMRCs ability to spot emerging insolvency risks, writes Mike Smith, managing director of company turnaround specialists Jameson Smith & Co. The first thing to appreciate when trying to fathom why the Revenue wants…
DetailsPublished Dec. 16 at 10:52 am The traffic passes by the National Bank of Ukraine (NBU) headquarters in Kyiv. Photo by Kostyantyn Chernichkin Popular on social media The National Bank of Ukraine (NBU) on Dec. 15 declared PJSC Investbank insolvent, since after assigning it to the category of problem the shareholders did not take sufficient…
DetailsSwiss Space Systems (S3), a space technology firm whose CEO was violently attacked earlier this year, has been declared bankrupt by a court in the canton of Vaud. S3, based in Payerne in northern Vaud, aims to make space more accessible by creating low-cost, reusable satellite launchers, a development not welcomed by all in the…
DetailsA medical institute that was included in this years Shonky Awards has entered voluntary administration. However, the business is continuing to trade while administrators seek potential buyers. GTC Medical, trading as the Medical Weightloss Institute (MWI) is a Sydney-based medical business that has previously attracted complaints to both healthcare and consumer protection bodies. On Thursday,…
DetailsPhoto: Trey Hollingsworth Trey Hollingsworth won the 9th District congressional seat vacated by Todd Young. Indiana Representative-elect Trey Hollingsworth is asking for help repaying some of his campaign loans. Hollingsworth spent more than $3 million of his own money on his campaign for Indianas Ninth Congressional seat. Some say his attempt to recoup some of…
DetailsJames Packer’s Crown Resorts has doubled down on its massive retreat from its international operations, agreeing to sell a further $300 million of its stake in its Macau casinos. Crown announced on Friday it had entered an underwriting agreement to sell 40.9 million shares in Melco Crown Entertainment to institutional investors, in addition to the 98 million shares it said on Thursday would…
DetailsTHE chief executive officer and executive director of interior design contractor Serrano Ltd has been declared bankrupt by the court. Catalist-listed Serrano said on Friday morning that the court had a bankruptcy order made against Chia Wing Keong after a hearing on Thursday. The proceedings were initiated by Bank of East Asia. Mr Chia has…
DetailsThe Bank of Canada said elevated levels of household debt and imbalances in the housing market remain the primary risks to the country’s financial system, dangers that new government rules will mitigate over time. “Overall, the risk of nationwide household financial stress combined with a sharp correction in house prices across the country remains ‘elevated,’”…
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