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Posts tagged with "insolvency"

Hallam collapse proves cash is king

November 28 2012

One of Leicestershire’s best-known building firms has recently collapsed. Hallam Contracts went into administration last week after managers failed to keep the business alive as it finally succumbed to cash flow problems caused by the tough economic climate. The final straw came when sub-contractors added   Read More…

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Winding-up petition results in liquidation for Glasgow glazing firm

November 23 2012

Workers at a Glasgow-based emergency glazing firm have lost their jobs after the company went into liquidation.  A Borland & Co (Glaziers) Ltd, which traded as Hurry Brothers, and its subsidiary company Hurry Brothers Ltd, had faced a winding-up petition. WRI Associates were   Read More…

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Winding-up petition forces construction firm into administration

November 23 2012

Hallam Contracts, a Leicester construction giant went into administration yesterday after experiencing a cashflow crisis which left it owing about 300 other businesses, including sub-contractors and suppliers, about £4 million. It has axed 105 of its 113-strong workforce. Hallam ceased trading after   Read More…

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Salford City Reds may be saved from Winding-up petition

November 20 2012

Salford City Red could be saved from being wound up after the club confirmed on Tuesday 20 November 2012 that it is in the final stages of discussions about new investment. The club has been in talks with Salford City Council and   Read More…

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